The Department of Finance (DOF) said the Marcos administration is fully committed to implementing the necessary policy measures and programs to tackle the surge in consumer prices. In a statement, Finance Secretary Benjamin E. Diokno said that with the consumer price rate reaching a significant 6.1...
The Department of Finance (DOF) said the Marcos administration has successfully surpassed its target proceeds for the sale of onshore retail dollar bonds (RDBs). Finance Secretary Benjamin E. Diokno said on Tuesday, Oct. 3, that the Bureau of the Treasury has generated over $1.03 billion in funds...
Department of Finance (DOF) Secretary Benjamin Diokno said on Monday, Oct. 2, that the Maharlika Investment Corp. (MIC) could be off and running in the first quarter of 2024. Department of Finance Sec. Benjamin E. Diokno presents the department's proposed consolidated budget of P32.4 billion for...
EMBARGOED UNTIL MONDAY, OCT. 2 12:00AM The Development Budget Coordination Committee (DBCC) will review the macroeconomic targets of the Marcos administration later this month, taking into account the challenging global economic conditions. Finance Secretary Benjamin E. Diokno said the DBCC, which...
EMBARGOED UNTIL MONDAY, OCT. 2, 12:00AM The government's target for the retail dollar bonds (RDB) is expected to be exceeded, as the Bureau of the Treasury reported a strong demand for investment instruments. During the Chat with SBED briefing last Friday, Sept. 29, Officer-in-Charge Treasurer...
EMBARGOED UNTIL MONDAY, OCT. 2 12:00AM The Department of Finance (DOF) said the Marcos administration will review the enforcement of rice price ceilings this week, taking into account the start of the harvest season to determine if the price controls should be lifted. Finance Secretary Benjamin E....
President Marcos' chief economic manager is urging Filipinos to capitalize on the opportunity presented by the retail dollar bond (RDB), emphasizing its low-risk profile and convenient investment features. In a statement, Finance Secretary Benjamin E. Diokno said that RDBs are fixed-income...
The percentage of household electrification rate or the number of houses with access to electricity has decreased across the country, officials of the Department of Energy (DOE) told senators on Friday, September 29. According to Energy Secretary Raphael Lotilla, the number of households...
President Marcos' top economic manager stated that the ongoing sale of dollar-denominated retail Treasury bonds is a major step towards achieving financial inclusion for Filipinos. Finance Secretary Benjamin E. Diokno said the second sale of retail dollar bonds (RDB) contributes to fostering...
China’s intent to control the South China Sea is undeniable, Department of National Defense Secretary Gilberto “Gibo” Teodoro said on Wednesday, September 27. Department of National Defense (DND) Sec. Gilberto “Gibo” C. Teodoro Jr. presented the agency’s proposed P229.9-billion budget...
The Department of Finance (DOF) underscored the need for Multilateral Development Banks (MDBs) to provide innovative financing solutions to support physical and digital connectivity projects. At the 2023 Asian Infrastructure Investment Bank (AIIB) Annual Meeting in Sharm El Sheikh, Egypt, Finance...
Sen. Imee Marcos joined protesters on Tuesday, Sept. 26 in front of the Department of Finance (DOF) office calling for the removal of National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan and Finance Secretary Benjamin Diokno. Sen. Imee Marcos joins protesters in...
