The Department of Finance (DOF) would support the imposition of a tax on single-use plastic packaging to combat pollution. Finance Secretary Benjamin E. Diokno said that a single-use plastic packaging tax is “worth considering” by the Marcos administration to help address the challenges of the...
President Marcos’ chief economic manager expects the country’s economy would grow this year at a much slower pace than the inter-agency Development Budget Coordination Committee’s (DBCC) target. In a briefing on Wednesday, July 6, Finance Secretary Benjamin E. Diokno said the economy, as...
Finance Secretary Benjamin E. Diokno said the proposed Bulacan Airport City Special Economic Zone and Freeport had carried substantial fiscal risks to the government. In an interview with ANC on Wednesday, July 6, Diokno affirmed former Finance Secretary Carlos G. Dominguez III’s call to the...
The Department of Finance (DOF) said on Wednesday, July 6, that the government wants to accelerate the revival of the local mining industry to support the country’s economic recovery. After the industry was sidelined in the past couple years due to environmental concerns, Finance Secretary...
Finance Secretary Benjamin E. Diokno clarified that President Marcos is not disputing the Philippine Statistics Authority’s (PSA) June inflation report, saying the chief executive only misinterpreted the data given to him. In a televised interview over ANC on Wednesday, July 6, Diokno explained...
President Rodrigo Duterte has conferred the Order of Lakandula with the Rank of Grand Cross (Bayani) to outgoing Finance Secretary Carlos G. Dominguez III for his exemplary service to the nation. The Order of Lakandula recognized Dominguez’s help and contribution to the success of President...
Finance Secretary Carlos G. Dominguez III said the achievements of the Intergovernmental Relations Body (IGRB) would help guide the new administration to achieve the country’s long-standing goal of attaining lasting peace and prosperity in Mindanao. During the presentation of its second progress...
Less than two weeks before President Rodrigo Duterte’s term ends, the government sealed the Asian Development Bank’s (ADB) biggest infrastructure loan package that would connect Metro Manila and Calamba in Laguna through a railway system. At a signing ceremony witnessed by President Duterte...
The Department of Finance (DOF) has clarified that there is no double taxation in the imposition of value-added tax (VAT) in the electric power sector. Reacting to recent statements made by the Energy Regulatory Commission (ERC), Finance Secretary Carlos G. Dominguez III explained that the Electric...
The Government of the People’s Republic of China will finance the construction of a P19.32 billion two-way, four-lane bridge connecting Davao City and the Island Garden City of Samal in Mindanao, the Department of Finance (DOF) announced. In a statement on Tuesday, June 14, the DOF said the...
Incoming Finance Secretary Benjamin E. Diokno wants to put in place a formal fiscal plan that will take control of government expenditures, set clear borrowing and revenue programs, as well as design policies to manage budget deficits in the next six-years. Diokno, who is currently governor of the...
The Department of Finance (DOF) said that Binance, the largest cryptocurrency exchange in the world, is not registered with the Philippines’ securities and banking regulators. Finance Secretary Carlos G. Dominguez III said on Thursday, June 9, said Binance is not registered with the Securities...
