President Marcos’ chief economic manager has expressed “full confidence” that the Philippine economy remains firmly on the path to recovery and progress despite growing below target. Finance Secretary Benjamin E. Diokno said the country’s first three-quarter gross domestic product (GDP)...
The Department of Budget and Management (DBM) approved the request of the Department of Public Works and Highways (DPWH) and the Department of Education (DepEd) to release funds for the construction of additional classrooms in the country. In a statement on Wednesday, Nov. 22, Budget Secretary...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I am honored to have joined the Philippine delegation led by President Ferdinand R. Marcos Jr. (PBBM) to the 2023 Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Week (AELW) last Nov. 14 to 17 in San Francisco,...
The Philippines will benefit from the new credit line approved by the World Bank that aims to minimize the impact of major natural disasters and health crises on the domestic economy, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the $500-million standby credit...
Vice President and Department of Education (DepEd) Secretary Sara Duterte announced on Tuesday, Nov. 21 that they will implement a policy designating Fridays as "Catch-up Fridays," a dedicated time for students to catch up on lessons and enhance their reading and critical thinking skills....
Senators on the early morning of Tuesday, November 21 called out the head of the Philippine Retirement Authority (PRA) for demanding that the Senate prioritize her agency’s proposed budget for next year. It was Sen. Jinggoy Ejercito Estrada who took the floor during the Senate...
To empower public and private schools in strengthening their reading initiatives for learners, the Department of Education (DepEd) announced on Monday, Nov. 20, that it will lead this year's "Araw ng Pagbasa." (DepEd / MB Visual Content Group) In a statement, DepEd announced that Vice President and...
The Bureau of Customs (BOC) has made significant advancements under the leadership of Finance Secretary Benjamin E. Diokno, as it intensifies efforts to combat illicit trade and enhance trade facilitation and border control. Diokno emphasized the critical importance of curbing illicit trade, citing...
The Department of Finance (DOF) vowed to help the private sector create an inclusive and sustainable business environment in the Philippines. During the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) meeting, Finance Secretary Benjamin E. Diokno recognized the vital...
The Department of Tourism (DOT) celebrates the inclusion of Clark International Airport (CRK) as one of the world’s most beautiful airports this year, earning the prestigious Prix Versailles, the World Architecture and Design Award of the United Nations Educational, Scientific and Cultural...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. expressed gratitude to the Department of Finance (DOF) for acknowledging the tireless efforts in raising government funds. In a press release last Nov. 15, the DOF praised the BIR for performing exceptionally well in revenue...
The Department of Budget and Management (DBM) said the government has set aside about P20 billion to cover the benefits and allowances of healthcare and non-healthcare professionals for next year. In a statement on Thursday, Nov. 16, Budget Secretary Amenah F. Pangandaman said that the Marcos...
