The Department of Finance (DOF) is expecting a rise in foreign direct investments from Brunei Darussalam after the approval of an agreement aimed at bolstering their cooperation on tax matters. On Thursday, Dec. 13, the DOF welcomed the Senate's concurrent approval of the agreement between the...
The Department of Finance (DOF) is calling on local government units (LGUs) to update their real property taxation (RPT) to alleviate financial challenges that hinder their capacity to deliver optimal services to their constituents. In a statement on Wednesday, Dec. 13, Finance Secretary Benjamin...
The government's chief economic manager said the Philippines is on the brink of realizing President Marcos' goal of slashing the unemployment rate to a low single digit by the end of his term. In a statement, Finance Secretary Benjamin E. Diokno said that the President's aim to lower the...
The government supports gender-responsive, nature-based solutions to close the climate finance gap, Department of Finance Secretary Benjamin E. Diokno said. “Recognizing this, the Philippines’ Department of Finance actively supports the mainstreaming of gender initiatives in the mobilization of...
Department of Finance (DOF) Secretary Benjamin E. Diokno urged the setting up of a new collective quantified goal (NCGQ) of a minimum $100 billion per year on climate finance to strengthen countries’ climate action. Climate finance is described by the UN as financial resources and instruments...
The Department of Finance (DOF) is hopeful that the government's plan to tackle climate change will improve how the country provides information with organizations that grant funding for climate-related initiatives. Finance Secretary Benjamin E. Diokno said the Philippines’ Nationally Determined...
Finance Secretary Benjamin E. Diokno underscored the necessity of reevaluating mining tax regulations to fairly capture a proportionate share of revenues while also fostering continued investment in the sector. At the 2023 United Nations Climate Change Conference, Diokno emphasized the mining...
House Deputy Speaker and Batangas 6th district Rep. Ralph Recto (Facebook) House Deputy Speaker Batangas 6th district Rep. Ralph Recto says he has "no idea" about his rumored appointment as the next Department of Finance (DOF) secretary. Recto...
Over P541 million will be allotted for climate adaptation projects to local government unit (LGU) beneficiaries, the Department of Finance (DOF) said. This as President Ferdinand R. Marcos, Jr. approved the People’s Survival Fund (PSF) Resolutions. The PSF had an initial capitalization of P1...
The Department of Finance (DOF) said that S&P Global Ratings' affirmation of the Philippines' investment grade credit rating signifies a vote of confidence. In a statement on Wednesday, Nov. 29, Finance Secretary Benjamin E. Diokno said that S&P Global's favorable decision follows a series...
The country's ranking as second best in trade facilitation among its Southeast Asian peers was the fruit of the Bureau of Customs’ (BOC) progress in modernizing customs administration and enhancing trade facilitation, Department of Finance Secretary Benjamin E. Diokno said. Based on the 2023...
The government must establish a conducive policy environment for sustainable finance, which in turn will synergize public and private sector investments, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said during the Climate Investment Forum 2023 that sustainable finance...
