We, the Economic Managers of the Marcos Jr. Administration, strongly support the creation of the Maharlika Wealth Fund as a vehicle to move forward the Agenda for Prosperity and achieve the economic goals of the administration.
The Philippine Statistics Authority (PSA)’s October 2022 Labor Force Survey (LFS) recorded the lowest unemployment rate since 2005 at 4.5 percent. This is remarkably lower than the 7.4 percent outturn…
The Department of Finance (DOF) and the Global Green Growth Institute (GGGI) signed an implementation agreement for the country’s Green Climate Fund (GCF) Readiness Program that seeks to speed up…
The House of Representatives approved on third reading a bill that seeks to simplify the taxation of passive income, and financial intermediaries and transactions on November 14, 2022. “Passing this…
Increased demand from higher economic activity and supply constraints have put upward pressure on headline inflation for November 2022, which rose to 8.0 percent from the previous month’s 7.7 percent.…
The Fiscal Incentives Review Board (FIRB) approved the tax incentives application of TDK Philippines Corporation (TPC) for the manufacturing of microwave-assisted magnetic recording sliders (MAMR-Slider). The P2.5 billion project was…
Finance Secretary Benjamin Diokno is confident that revenue collections will surpass pre-pandemic levels this year, in light of higher economic activity that is supported by effective tax administration. According to…
The Development Budget Coordination Committee (DBCC) reviewed the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FY 2023 to 2028 to take into account the latest domestic developments, global economic status, and the administration’s priorities and strategies.
Finance Secretary Benjamin Diokno challenged the Securities and Exchange Commission (SEC) to continue enhancing initiatives to protect the investing public. “I therefore challenge the Commission to ramp up its enforcement…
The House of Representatives approved on third and final reading a bill that seeks to clarify the imposition of value-added tax (VAT) on digital transactions on Monday, November 14, 2022.…
