Inflation slides to 4.7% in July, slows for sixth consecutive month

The country’s headline inflation rate slid to 4.7 percent in July 2023, marking the sixth consecutive month of deceleration. This is within the month-ahead forecast range of the Bangko Sentral…

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Diokno to BIR: Strong revenue collections, fair and efficient tax administration vital to achieving fiscal targets

Finance Secretary Benjamin E. Diokno emphasized the importance of maintaining good revenue performance in achieving the Ferdinand Marcos Jr. administration’s goals set in the Medium-Term Fiscal Framework (MTFF) during the Bureau of Internal Revenue (BIR)’s 119th Anniversary on August 1, 2023 at the Philippine International Convention Center (PICC) in Pasay.

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Diokno details policy tools for sustained growth at Post-SONA briefing

Finance Secretary Benjamin E. Diokno engaged in in-depth discussions on policy reforms in the pipeline which are necessary to sustain the Philippines’ growth momentum during the Post-State of the Nation Address Philippine Economic Briefing (Post-SONA PEB) on July 25, 2023 at the Philippine International Convention Center (PICC) in Pasay.

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BFP leadership open to MUP pension reforms as economic team debunks reform myths

The Bureau of Fire Protection (BFP) leadership, led by Fire Chief Louie S. Puracan has expressed openness to the creation of a sustainable pension fund for the military and uniformed personnel (MUP). This declaration was made during the economic team’s 21st consultative meeting held on July 4, 2023, at the BFP Headquarters in Quezon City.The Bureau of Fire Protection (BFP) leadership, led by Fire Chief Louie S. Puracan

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NEDA Board approves NAIA rehabilitation and Laguindingan Airport proposals

The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., approved on July 19, 2023 the Ninoy Aquino International Airport (NAIA) and Laguindingan International Airport…

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Newly enacted Maharlika Investment Fund to serve as vehicle for growth

President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 11954, otherwise known as the Maharlika Investment Fund (MIF) Act of 2023, establishing the Philippines’ first sovereign wealth fund…

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US-Canada investor roadshow concludes, kindles interest in PH investment opportunities

The economic managers successfully brought their US-Canada non-deal roadshow to a close on July 14, 2023 (Eastern Daylight Time). Composed of a series of roundtable meetings in New York (July 10-12) and Toronto (July 12-14), the non-deal roadshow served as an opportunity for investors to learn more about the Philippines’ growth outlook, economic and fiscal policy environment, investment opportunities, and growth engines in the medium and long term.

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DOF to British biz community: Infra – centerpiece of PBBM admin’s growth strategy

The British Chamber of Commerce of the Philippines (BCCP) hosted “A Year After: Build, Better, More” on July 13, 2023 at the Fairmont Hotel Makati and brought Philippine government and British business representatives together to discuss the key achievements and economic developments a year into the administration of President Ferdinand R. Marcos, Jr.

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Econ team hosts 8th investor roadshow before SONA, urges Canadian businesses to explore investments in PH

The economic team of President Ferdinand R. Marcos, Jr. hosted its eighth Philippine Economic Briefing (PEB) at the Fairmont Royal York in Toronto, Canada on July 13, 2023 (Eastern Daylight Time) to apprise Canadian investors of business opportunities in the Philippines in time for the President’s second State of the Nation Address (SONA).

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