The French government is extending 200 million euros, or approximately ₱14 billion, in financing to help low-income Filipino families gain better access to nutritious food under a new food security and nutrition program. In an Aug. 11 statement, the Department of Finance (DOF) and France’s...
The Marcos Jr. administration has significantly tweaked its fiscal strategy by delaying major asset disposals from 2026 to 2027, Department of Budget and Management (DBM) documents revealed. According to the latest medium-term revenue projections spanning 2025 through 2029, the bulk of...
More than 20,000 housing loan borrowers of the National Home Mortgage Finance Corp. (NHMFC) will benefit from a one-month moratorium on the payment of their monthly amortizations effective August 5, 2026 to September 4, 2026, following the continuous heavy rainfall brought by Tropical Storm Maymay...
Former Philippine Finance Secretary Cesar V. Purisima has been conferred the Order of the Rising Sun, Gold and Silver Star, by Emperor Naruhito of Japan, recognizing his contributions to deepening economic relations between the two nations. Japanese Ambassador Endo Kazuya led the conferment...
The Philippines has secured a $600 million grant (around ₱37 billion) from the United States (US) to expand access to quality healthcare and strengthen the country’s resilience against public health threats. The Department of Finance (DOF) facilitated the non-repayable grant under the Strategic...
President Marcos is moving to abolish 21 state-run companies and has categorized 30 others as non-operational, inactive, or deactivated as the government accelerates efforts to wind down underperforming government entities and trim public spending. Finance Secretary Frederick D. Go said in a DZRH...
Local government units (LGUs) significantly ramped up borrowing in July, with loan requests surging to ₱8.5 billion from ₱904.4 million a year earlier, as newly elected local officials began rolling out big-ticket projects following the 2025 elections. According to data from the Department of...
Net revenue could exceed ₱190 billion over four years if the Philippines implements a package bill that combines the revenue-eroding income tax exemptions with the revenue-offsetting measures proposed this year. Department of Finance (DOF) Undersecretary Karlo Fermin S. Adriano said the agency...
Stricter monitoring and technical assessments of imported goods—rather than higher import volumes—likely drove the Bureau of Customs (BOC) past its ₱82-billion revenue target for July, according to its chief. Speaking to reporters during the turnover of proceeds from forfeited luxury...
Sustainability in banking is often framed as a trade-off between profit and purpose. For the Ayala-led Bank of the Philippine Islands (BPI), these are not separate, clashing goals, but a package embedded in every vein of the lender’s initiatives. What, then, should sustainability look like for...
Proposed tax reforms are expected to cost the government roughly ₱66 billion in annual revenue as the Marcos administration trades fiscal collection for broader consumer and small-business relief, according to the Department of Finance (DOF). Finance Secretary Frederick D. Go said the package,...
State-run Maharlika Investment Corp. (MIC), manager of the Philippines’ first sovereign wealth fund, expects to become a regular member of the International Forum of Sovereign Wealth Funds (IFSWF), a global organization that promotes good governance, transparency, and accountability among SWFs....
