Fitch Ratings has affirmed the Philippines’ ‘BBB’ credit rating with a Stable Outlook in view of strong growth and declining debt in its rating action commentary released on November 10,…
The Department of Finance (DOF) welcomes and fully supports the revised Implementing Rules and Regulations (IRR) of the Maharlika Investment Fund (MIF) Act. The enhancements introduced by the IRR are…
Finance Secretary Benjamin E. Diokno has highlighted the Philippines’ faster economic growth and brighter prospects in a conversation with global news agency Reuters on November 9, 2023 in New York.
The government has been congratulated by Senate Minority Leader Aquilino “Koko” Pimentel III for the better-than-expected actual budget deficit outturn for 2023 during the Senate Plenary Deliberations on the General…
The Philippine economy has posted a higher gross domestic product (GDP) growth of 5.9 percent in the third quarter (Q3) of 2023, the strongest among major economies in Asia. The…
The Philippines has joined as a member of the Organisation for Economic Cooperation and Development (OECD)/G20 Inclusive Framework on Base-Erosion and Profit Shifting (BEPS) Inclusive Framework on November 8, 2023--a…
The quality of jobs for Filipinos continues to improve as the country’s underemployment rate decreased to 10.7 percent in September 2023, the lowest figure ever recorded since earliest available data…
The Department of Finance (DOF), through its Revenue Integrity Protection Service (RIPS), has stepped up its anti-graft drive under the leadership of Finance Secretary Benjamin E. Diokno. “Prudent fiscal management…
Overall inflation in the Philippines dropped to 4.9 percent in October 2023 from 6.1 percent in the previous month, lower than the Bangko Sentral ng Pilipinas (BSP)’s forecast of 5.1…
Finance Secretary and National Power Board ex-officio Chair Benjamin E. Diokno has commended the National Power Corporation (NPC) for its recent energy sector accomplishments and highlighted its important role in…
