Finance Secretary Benjamin E. Diokno admitted that China's economic slowdown would have a minor impact on the Philippines. At the ASEAN Roundtable in Marrakech, Morocco, the government's chief economic manager said that China's economic slowdown would have an impact on Philippine exports. ...
Finance Secretary Benjamin E. Diokno is calling for changes in the financing models of multilateral development banks (MDBs) to tackle global challenges. During the Intergovernmental Group of 24 (G-24) Ministerial Meeting in Marrakech, Morocco, Diokno said the lending capacity of MDBs has been...
Senators on Tuesday, October 10 urged Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan to make a decisive move as they question the agency’s inability to relocate electric posts in the middle of widened roads. Department of Public Works and Highways (DPWH) Sec. Manuel Bonoan...
The Department of Finance (DOF) said the International Monetary Fund (IMF) has commended the government's newly-formed Maharlika Investment Corp. (MIC), recognizing its contribution to the country's infrastructure initiatives. Finance Secretary Benjamin E. Diokno said the IMF has acknowledged the...
Finance Secretary Benjamin E. Diokno said there is a global consensus that central banks, including the Philippines, have implemented sufficient interest rate hikes to address the escalating consumer prices. During the Chat with SBED briefing on Friday, Oct. 6, Diokno concurred with the assertion...
The government's chief economic manager expects better growth in the second half of the year as public spending picks up after a slow start in 2023. Finance Secretary Benjamin E. Diokno said the gross domestic product (GDP) growth rate from July to December could surpass the average of 5.35 percent...
President Marcos' first retail dollar bond (RDB) sale successfully raised $1.26 billion, demonstrating a positive response from the public despite the current market conditions, the Department of Finance (DOF) said. During the Chat with SBED briefing on Friday, Oct. 6, Finance Secretary Benjamin E....
Asialink Finance Corporation reported that it has raised P1 billion from Yuanta Saving Bank and Small Business Corporation (SBC) for relending to small- and medium-scale businesses. In a statement, Asialink said SBC, a government entity, provided P600 million while Yuanta, formerly Tongyang Saving...
The Department of Finance (DOF) said the local labor market remains strong and resilient despite global uncertainties. Finance Secretary Benjamin E. Diokno said the latest jobs data revealed positive trends, with unemployment decreasing to 4.4 percent in August from 5.3 percent the previous year...
Representatives of the Philippine government discussed with South Korea on ways to enhance the country’s business pursuit, specifically in trade, investments, tax policies and administration, customs, and licensing. Finance Secretary Benjamin E. Diokno shared Manila’s improvement on the...
The Bureau of Internal Revenue (BIR) has introduced a new exemption for certain agricultural producers with annual gross sales of less than P1 million, aimed at streamlining government transactions. According to Revenue Regulations No.12-2023, signed by Finance Secretary Benjamin E. Diokno and...
President Marcos has tasked the departments of Agriculture and Finance to expedite the release of financial assistance for farmers. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) Marcos made the call while he was distributing confiscated smuggled rice in Roxas City, Capiz on...
