DOF welcomes House approval of national government rightsizing bill

Finance Secretary Benjamin E. Diokno welcomed the approval of House Bill No. 7240, known as the proposed National Government Rightsizing Act, on third reading on March 14, 2023. The National…

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Senate takes up Maharlika Investment Fund Bill in plenary

Senator Mark Villar, Chairperson of the Committees on Banks, Financial Institutions and Currencies, sponsored on March 20, 2023 Committee Report No. 58, recommending the approval of Senate Bill No. 2020 or the proposed Maharlika Investment Fund (MIF) Act in plenary session.

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January 2023 unemployment remains low at 4.8%

The January 2023 unemployment rate stood at 4.8 percent, lower than the 6.4 percent outturn in January 2022 and the 5.3 percent in January 2020 or pre-pandemic. “The generally steady…

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February 2023 inflation slightly decelerates to 8.6%

The February 2023 inflation rate slightly eased to 8.6 percent from the 8.7 percent recorded in January, mainly due to the lower contribution of transportation to overall inflation as a…

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