Newly appointed Finance Secretary Ralph G. Recto has outlined key strategies to steer the nation faster towards inclusive growth that benefits every citizen, enhances their quality of life, and safeguards…
Outgoing Finance Secretary Benjamin E. Diokno will turnover the Department of Finance (DOF) on solid footing to the incoming finance chief.
The Philippines’ labor market continues to improve with its unemployment rate reaching the lowest level since 2005 at 3.6 percent in November 2023. The latest unemployment figure translates to 1.83…
The Bureau of Customs (BOC) has further intensified its revenue collection, drive against smuggling, and enhanced trade facilitation through digitalization initiatives in 2023. As of December 31, 2023, the BOC…
The Bureau of Internal Revenue (BIR) has ramped up its tax compliance and tax enforcement drives in 2023, resulting in increased collection performance of PHP 2.34 trillion as of November…
Finance Secretary Benjamin E. Diokno welcomed the enactment of the Ease of Paying Taxes (EOPT) Act, which was signed into law as Republic Act No. (RA) 11976 by President Ferdinand…
The Department of Finance (DOF)’s Privatization and Corporate Affairs Group (PCAG) has collected a total of PHP 99.98 billion in dividends from Government-Owned or -Controlled Corporations (GOCCs) in 2023, exceeding…
The Philippines’ overall inflation rate further decelerated to 3.9 percent in December 2023––the lowest rate recorded in 2023. This brings the year-to-date (YTD) headline inflation rate to 6.0 percent, the…
The Maharlika Investment Corporation (MIC), which shall govern the Maharlika Investment Fund (MIF), held its first board meeting on January 3, 2024 to discuss the Fund’s capitalization and potential projects to tap, among other matters.
