President Marcos’ chief economic manager believes a credit rating upgrade is now within reach after the Philippines’ removal from the global money laundering "grey list." Finance Secretary Ralph G. Recto stated that exiting the Financial Action Task Force's (FATF) grey list is a "significant...
The Philippines is sending a clear message to the world that it is open for business with the signing of the Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. Following...
Finance Secretary Ralph G. Recto believes e-wallet giant GCash could stage a record initial public offering (IPO) even without regulatory relief from the mandated 20-percent public float. Recto, the government’s chief economic manager who also oversees the Securities and Exchange Commission...
President Marcos’ chief economic manager stated that low and steady inflation in January gives the central bank room to cut key borrowing costs further to spur economic growth. “This is a strong indicator of the government’s commitment to keeping prices stable and signals that the BSP...
Following the below-target economic expansion in 2024, President Marcos’ chief economic manager expressed confidence in the 2025 national budget, serving as the administration’s protection against risks. “The P6.326 trillion national budget for 2025 is the government’s most powerful...
The Philippines convened a high-level business dialogue with Dutch investors in the Netherlands to showcase the country's strong economic growth and pro-investment reforms. The dialogue, organized by the Department of Finance (DOF) in collaboration with the Department of Trade and Industry (DTI),...
International investors on artificial intelligence (AI) have flocked over the Philippines following President Marcos’ chief economic manager’s statement on the country’s strategic advantages, which make it an ideal partner in the future economy. During the four-day World Economic Forum...
FOR MONDAY To combat rampant smuggling, the government will soon implement a new digital trade protection system designed to significantly reduce illicit trade. Department of Finance-led (DOF) committee on pre-border technical verification and cross-border electronic invoicing (CPTVCEI)...
Adding a touch of youthful energy to the Philippines' delegation at the World Economic Forum (WEF) in Davos, Lucio Tan III, grandson of Filipino tycoon Lucio Tan, joined government officials in courting global investors. Tan, the millennial president of the LT Group, was more than just a...
Filipinos, both at home and abroad, could soon acquire government properties as small as a 200-square-meter lot, as the guidelines for privatization are set to be published, allowing anyone interested to submit purchase offers. Speaking to reporters, Department of Finance (DOF) Secretary Ralph G....
Coinbase, a leading cryptocurrency exchange platform, is exploring expansion into the Philippines, according to the Department of Finance (DOF). In a Facebook post, the DOF stated that Finance Secretary Ralph Recto met with Coinbase co-founder and CEO Brian Armstrong during the World Economic Forum...
Locals of Laguna could enjoy additional protection from floods as the Philippines has already secured financing totaling $905.26 million (about P50.67 billion) from a Korean bank. During the World Economic Forum (WEF) in Davos-Klosters, Switzerland, Department of Finance (DOF) Secretary Ralph G....
