Given the positive developments in the Philippine economy and the recent global trends, the Development Budget Coordination Committee (DBCC) has revisited the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FYs 2023 to 2028.
The Marcos, Jr. administration is set to construct the Bataan-Cavite Interlink Bridge (BCIB)––one of the world’s longest marine bridges, after signing a loan agreement with the Asian Development Bank (ADB) for the first tranche of financing for the project on December 15, 2023.
The Department of Finance (DOF), through the Bureau of the Treasury (BTr), has exercised proactive debt management by successfully converting the reference rate from floating to fixed on US$ 11.13…
Key officials from the Philippine and Swedish governments jointly held a workshop on December 13, 2023 to explore potential opportunities for cooperation in financing key infrastructure and development projects in the Philippines to further strengthen the bilateral ties between the two nations.
Finance Secretary Benjamin E. Diokno has outlined the Department of Finance’s (DOF) priority tax measures for 2024, the majority of which are in advanced stages in Congress. According to Secretary…
The Philippines and the European Union (EU) convened the Third Meeting of the Sub-Committee on Development Cooperation in Brussels, Belgium on November 21, 2023. At the meeting, both the Philippines…
Finance Secretary Benjamin E. Diokno has highlighted the need to strengthen real property taxation to boost the financial capacity of local government units (LGUs) during the Key Stakeholders’ Dialogue on…
Commemorating the listing of the Republic of the Philippines’ (the “Republic”) 5.5-Year Dollar Sukuk in Nasdaq Dubai on December 8, 2023, Secretary of Finance Benjamin E. Diokno and Nasdaq Dubai…
The government wrapped up its final leg of the Philippine Economic Briefing (PEB) for the year in Iloilo City--situated in the fastest-growing region in the Philippines--where key government officials outlined the Marcos, Jr. administration’s strategies to achieve inclusive and sustainable economic transformation.
Finance Secretary Benjamin E. Diokno has expressed optimism on the Asian Development Bank (ADB)’s $ 10 billion climate finance support for the Philippines and thanked the Bank for being a…
