Finance Secretary Benjamin Diokno assured senators that the proposed 2023 National Budget will support strong and accelerated economic expansion. “Allow me to assure you, the honorable members of this chamber,…
Finance Secretary Benjamin Diokno underscored the critical role of sustainable finance in driving the country’s shift to climate change adaptation and mitigation practices. “Climate change is the greatest threat facing…
Finance Secretary Benjamin Diokno issued Local Finance Circular (LFC) No. 001.2022 on September 1, 2022, which provides guidelines on the imposition of local business tax (LBT), fees and charges on…
Finance Secretary Benjamin Diokno urged tax professionals to support the country in its shift to the digital economy. “We must do this now, and I ask for your support to…
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla convened the Financial Stability Coordination Council (FSCC) as the new Chairman of the Council. Governor Medalla highlighted the challenging global market…
Finance Secretary Benjamin Diokno urged franchisers to lead the charge in greening and transforming the country’s business sector by mainstreaming digitalization in their operations and embracing sustainable business practices. “I…
Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Benjamin Diokno issued a memorandum provisionally extending the existing work-from-home (WFH) arrangement for the Information Technology and Business Process Management (IT-BPM)…
The Marcos administration demonstrated its commitment to pursue transparency in natural resource governance by rejoining the Extractive Industries Transparency Initiative (EITI) and enabling the continued development of the mining sector.…
The Marcos administration’s economic team committed to establish a more business-friendly environment for investors during a Philippine Economic Briefing alongside President Ferdinand “Bongbong” Marcos, Jr.’s official state visit to Singapore.…
