The Marcos administration plans to create an ad hoc group composed of economic mangers, as well as trade and agriculture secretaries that would put public interest ahead of vested interest groups on the supply and demand of key commodities. Finance Secretary Benjamin E. Diokno said that one of the...
The Philippines has joined a regional initiative that aims to set tailored solutions to ensure the implementation of tax transparency standards across Asia, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the Philippines has endorsed the Bali Declaration, which calls...
The Department of Finance (DOF) has thrown its full support behind Customs Commissioner Bienvenido Y. Rubio, tasking the newly installed chief of the government’s second largest tax agency to prioritize digitalization. Finance Secretary Benjamin E. Diokno said modernizing the Bureau of Customs...
President Marcos’ economic team has made a pitch for investing in the Philippines and sought Japanese participation in the country’s “high-impact sectors,” the Department of Finance (DOF) said. At the Philippine Business Opportunities Forum (PBOF) in Tokyo, Japan, Finance Secretary Benjamin...
Finance Secretary Benjamin E. Diokno welcomed the decision of the Supreme Court affirming the constitutionality of the Tax Reform for Acceleration and Inclusion (TRAIN) Act amid petitions claiming the law to be “anti-poor” and unlawful. The Supreme Court dismissed the petitioners’...
The Department of Finance (DOF) has signed two loan agreements worth Y377.02 billion, equivalent to P156.08 billion, with the Japanese government for the implementation of the North-South Commuter Railway project and its extension on the sidelines of President Ferdinand R. Marcos Jr.'s visit to...
The Department of Finance (DOF) said the significant improvement in the country’s labor market would help soften the impacts of high inflation on the domestic economy. In a statement, Finance Secretary Benjamin E. Diokno said the steady unemployment rate and lower underemployment rate will help...
National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million. Securitized is a portion of the socialized housing loan portfolio NHMFC acquired from the Home...
The Department of Finance (DOF) said the national government is looking at selling euro-denominated retail bonds targeted at overseas Filipinos. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury is studying the possible domestic issuance of retail treasury bonds (RTB) in euro...
Brankas, the leading global open finance technology provider, and Element Inc , the privacy-led, modern AI pioneer in digital identity services used to verify a person´s information quickly and seamlessly, today announced a strategic partnership to introduce an additional layer of security to...
Senators on Wednesday, February 1 took turns grilling members of President Ferdinand “Bongbong” Marcos Jr.’s economic team who are pushing hard for the passage of the Maharlika Investment Fund (MIF) bill as they sought for answers about the purpose and vision of the measure which was...
Asialink Finance Corp., one of the Philippines’ fastest-growing finance companies, has partnered with e-commerce giants Lazada and Shopee to give its clients an easier way to make loan payments. Asialink’s partnership with Shopee is powered by ECPay, a leading electronic customer purchase &...
