The Department of Finance (DOF) has secured a billion-peso grant from the European Union (EU) to fund a program strengthening the Philippine justice system, combating corruption, and supporting marginalized sectors, particularly women. Last year, the EU signed the grant agreement for the Justice...
The US dollar's strength is expected to linger for the rest of the year, potentially hiking borrowing costs for emerging markets like the Philippines, according to the Washington-based Institute of International Finance (IIF). "A strong US dollar will be a key feature of 2025 and beyond. While...
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)...
The Securities and Exchange Commission (SEC) and the International Finance Corporation (IFC) have formalized a cooperation agreement to support the 30by30 Zero Philippines Program to accelerate sustainable finance in the country. Under the agreement, the SEC and the IFC will undertake...
During COP29's side event 'Unveiling the Money Trail: Climate Finance Accountability through Local Tracking and Validation' Financing the fight against climate change doesn’t come cheap. As the world grapples with increasingly severe climate impacts, the financial toll is staggering. Trillions of...
Amid escalating trade tensions between the giant strategic rivals, the U.S. and China, President Marcos’ chief economic manager remains optimistic about the Philippines’ economic prospects under the Trump 2.0 administration. “We’re optimistic under a Trump presidency. You have a...
