The Department of Finance (DOF) said it is premature for the Philippines to consider implementing the minimum tax rate on corporate income, as proposed by advanced economies. Finance Secretary Benjamin E. Diokno said on Tuesday, Nov. 28, that the 15 percent global corporate minimum tax, proposed by...
The Department of Finance (DOF) is optimistic that the government will be able to exceed its full-year revenue target by generating around P1 trillion in the final three months of the year. Finance Secretary Benjamin E. Diokno said he expects the national government's total revenue collection for...
The Department of Finance (DOF) has stated that the Philippine economy's macroeconomic fundamentals are strong, setting the stage for a solid start to 2024. Finance Secretary Benjamin E. Diokno said the country has maintained strong economic performance this year, despite facing difficulties in the...
The Department of Finance (DOF) has announced its readiness to expedite local government units' (LGUs) access to climate financing through efficient resource mobilization and increased private sector participation. In a statement, Finance Secretary Benjamin E. Diokno expressed the readiness of the...
President Marcos’ chief economic manager has expressed “full confidence” that the Philippine economy remains firmly on the path to recovery and progress despite growing below target. Finance Secretary Benjamin E. Diokno said the country’s first three-quarter gross domestic product (GDP)...
The country’s first-ever tokenized treasury bonds (TTBs) will promote financial inclusion and broader participation in the bond market, Department of Finance Secretary Benjamin E. Diokno said on Monday, Nov. 20. During the Bureau of the Treasury’s (BTr) 126th anniversary, Diokno commended the...
The Bureau of Customs (BOC) has made significant advancements under the leadership of Finance Secretary Benjamin E. Diokno, as it intensifies efforts to combat illicit trade and enhance trade facilitation and border control. Diokno emphasized the critical importance of curbing illicit trade, citing...
The Department of Finance (DOF) vowed to help the private sector create an inclusive and sustainable business environment in the Philippines. During the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) meeting, Finance Secretary Benjamin E. Diokno recognized the vital...
President Marcos and his cabinet secretaries came in full force in promoting the Philippines as an attractive investment destination to the United States business community during the Philippine Economic Briefing (PEB) in San Francisco. Finance Secretary Benjamin E. Diokno, who leads the Marcos,...
The target ratio for the country’s debt as a share of the gross domestic product (GDP) for the medium term is attainable, Department of Finance Secretary Benjamin E. Diokno said. In a panel discussion with the Philippines’ economic managers, Diokno said that the government’s target ratio will...
Finance Secretary Benjamin E. Diokno commended the Securities and Exchange Commission (SEC) for its efforts in ensuring the security of the people’s money and investments. In his keynote speech for SEC’s 87th anniversary, Diokno said that the Commission has enforced investigations against...
Department of Finance (DOF) Secretary Benjamin E. Diokno said that the government is firm on reducing the country’s budget deficit-to-gross domestic product (GDP) to three percent by 2028. This after credit rating agency Fitch Ratings noted the country’s general government deficit to narrow to...
