The Department of Finance (DOF) wants to further foster the government’s revenue collection from extractive industries, which the Marcos administration believes to be one of the drivers of the country’s long-term economic expansion. At the FORGE PH: Philippine Extractive Industries Transparency...
The country’s unemployment rate fell to 5 percent in September this year, a new record low after the full reopening of the economy since the pandemic. The Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 8, that the local labor market sustained its positive momentum with...
In a bid to support farmers, President Ferdinand "Bongbong" Marcos Jr. met with officials from different government agencies to discuss the plan to import fertilizer for the year 2023. President Ferdinand 'Bongbong' Marcos Jr. meets officials from different government agencies in Malacañang on...
The Marcos administration is planning to spend over P200 billion next year to mitigate the impact of skyrocketing consumer prices on the most vulnerable sectors, the Department of Budget and Management (DBM) said. In a statement on Monday, Nov. 7, Budget Secretary Amenah F. Pangandaman said they...
The Department of Finance (DOF) assured that the Japan-backed infrastructure projects left behind by the Duterte administration will proceed as planned. , The DOF assurance comes after President Marcos' economic managers met with their Japanese counterparts at the13th Philippines-Japan High-Level...
Addressing high inflation is the top priority of President Marcos’ economic team, the Department of Finance (DOF) said after consumer prices further accelerated in October to almost 14-year high. Finance Secretary Benjamin E. Diokno admitted that the stubbornly high consumer prices remain on the...
The Department of Finance (DOF) expects more investments will still enter the Philippines despite the negative outlook on the country’s credit ratings. In a statement, Finance Secretary Benjamin E. Diokno said he remains optimistic about the country’s attractiveness to investors, saying Fitch...
The Department of Finance (DOF) said the government will strengthen the development of the housing and real estate sectors in the country through fiscal policy reforms. Finance Secretary Benjamin E. Diokno said that measures aimed at strengthening the pillars of support for the growth of the local...
The National Economic and Development Authority (NEDA) vowed to create a more enabling regulatory and investment climate that supports businesses in the country as the private sector plays a critical role in boosting job creation and reducing poverty. In his remarks at the US-ASEAN Business Council...
The Philippines is far from falling into a recession anytime soon, the Department of Budget and Management (DBM) said. In a statement on Friday, Oct. 28, Budget Secretary Amenah F. Pangandaman allayed recession fears, noting this scenario may not be imminent in the country. “I think we're far...
The Department of Finance (DOF) challenged local government units (LGUs) to keep up with their target to digitalize government processes and services. “We are challenging LGUs to keep up and digitalize their own processes and services. encourage our local governments to implement digital...
The National Economic and Development Authority (NEDA) said policies against climate change will have a pivotal role in upcoming development plans as these are much needed to achieve inclusive economic growth for the country. In a statement on Thursday, Oct. 27, Socioeconomic Secretary Arsenio M....
