The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
The Department of Finance (DOF) said the local jobs market has continued to improve, citing positive figures from the Philippine Statistics Authority’s (PSA) June 2022 Labor Force Survey results. In a statement Tuesday, Aug. 9, Finance Secretary Benjamin E. Diokno said that while the June...
The Japanese government has vowed continued support to the Philippine government’s infrastructure push under the Marcos administration, the Department of Finance (DOF) said Friday, Aug. 5. Finance Secretary Benjamin E. Diokno said that Japanese Ambassador to the Philippines Kazuhiko Koshikawa...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
President Marcos’ chief economic manager said that domestic consumer spending, especially by the emerging workforce population of Gen Z, would remain the leading contributor to economic growth. In a statement, Finance Secretary Benjamin E. Diokno said Wednesday, Aug. 3, that the young...
The Department of Finance-Bureau of Local Government Finance (DOF-BLGF) cited Parañaque as the sixth richest city nationwide in terms of locally sourced revenues (LSR) during the fiscal year 2021. BLGF executive director Niño Raymond Alvina said Parañaque earned P6.2 billion in local revenue...
Quezon City, Makati, Manila, Cainta, Limay and Carmona emerged as the top cities and municipalities in the Philippines with the highest locally sourced revenues (LSRs) in 2021. The Department of Finance’s Bureau of Local Government Finance (BLGF) revealed the country’s top performing provinces,...
The Muntinlupa City government took eighth place among cities in the Philippines in collection efficiency of local revenues in 2021. The Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF) announced the top performing provinces, cities, and municipalities based on...
The Department of Finance (DOF) stressed the critical role of a robust agriculture industry in growing the economy at a sustainable and inclusive pace and supporting poverty alleviation in the long term. In a statement on Tuesday, Aug. 2, Finance Secretary Benjamin E. Diokno said a more vibrant,...
The Department of Budget and Management (DBM) has released another round of targeted cash subsidy to the most vulnerable Filipino households reeling from increases in fuel prices and food costs. In a statement, Budget Secretary Amenah F. Pangandaman said Tuesday, Aug. 2, that the DBM approved the...
The Department of Finance (DOF) welcomed the enactment of the Agriculture, Fisheries and Rural Development Financing Enhancement law, commonly known as Agri-Agra law, that is expected to boost the local farm sector. In a statement Friday, July 29, Finance Secretary Benjamin E. Diokno said Republic...
