Malacañang has confirmed that it terminated the appointment of Finance Undersecretary Cielo Magno, saying it was "expected" as she "clearly did not support the administration and its programs." Finance Undersecretary Cielo Magno (Photo courtesy of UP School of Economics) Executive Secretary...
Senator Risa Hontiveros on Wednesday, September 6, criticized Finance Secretary Benjamin Diokno’s for pushing for a national competitive examination among students who wish to qualify for college tuition subsidy instead of supporting the Universal Access to Quality Tertiary...
Finance Secretary Benjamin E. Diokno's recent statement regarding the need to review the Universal Access to Quality Tertiary Education (UAQTE) gained mixed reactions from lawmakers. Sen. Juan Edgardo "Sonny" Angara believes that the review should be made from the perspective of making richer...
Given the strain on public funds caused by high dropout rates, the Department of Finance (DOF) suggested that the government's free tertiary education program be reserved for deserving students. Finance Secretary Benjamin E. Diokno said that offering free tuition to all students in government-run...
The Commission on Audit (COA) has called out the Bureau of Treasury (BoT) over its purchase in 2022 of more than P5.24 million worth of grocery items which were distributed to its officials and employees despite lack of proper authorization. In its audit report, COA said that the purchase of the...
The Department of Finance (DOF) has assured that retired members of the uniformed services will not be affected by the government's proposed pension reforms currently pending in Congress. Finance Undersecretary Cielo D. Magno said one of the key features of the DOF proposal is to maintain the...
Japan declared its commitment to support the Philippines in attaining an upper middle-income status in the next few years. A joint committee meeting was held in Tokyo on Tuesday, Aug. 29 between the Philippine delegation and the Japanese government to determine the necessary development assistance...
The Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have sealed a loan agreement to assist the Philippines during disasters and health emergencies. In a statement, the DOF said Finance Secretary Benjamin E. Diokno and JICA Senior Vice President Nakazawa Keiichiro...
The government plans to impose new and revised taxes to generate nearly P500 billion over the next three years, data from the Department of Finance (DOF) showed. Based on the DOF list of revenue measures submitted to Congress, the government has proposed eight tax initiatives that, once approved,...
Finance Secretary Benjamin E. Diokno called upon his regional counterparts to join forces and actively collaborate in overcoming the diverse challenges hindering Southeast Asia's recovery from the Covid-19 pandemic. At the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting in...
The Department of Finance (DOF) said the Philippines maintains its position as the fastest-growing economy in Southeast Asia, surpassing its regional peers despite the second-quarter slowdown. Finance Secretary Benjamin E. Diokno said the country’s gross domestic product (GDP) average growth of...
The Department of Finance-Technical Working Group (DOF-TWG) has recommended to exempt from VAT payments local purchases of goods and services by registered business enterprises (RBEs) for their direct and exclusive use, except for six services identified under a planned negative list. In a draft...
