Credit rating agency Fitch Ratings has affirmed the Philippines’ ‘BBB’ credit rating and upgraded its outlook from ‘negative’ to ‘stable’ on May 22, 2023. “The improved outlook for the Philippines…
The Economic Development Group (EDG) held its first principals-level meeting on May 17, 2023 at the Department of Finance (DOF) in Manila to harmonize, coordinate, complement, and synergize government efforts, with particular focus on mitigating inflation and fostering inclusive and sustained growth.
The Department of Finance (DOF) commended the Power Sector Assets and Liabilities Management Corporation (PSALM)’s successful competitive bidding process for the sale of the 165-megawatt Casecnan Hydroelectric Power Plant (CHEPP)…
The Department of Finance (DOF) vowed to support the Mindanao Development Authority (MiNDA) in its mission to bolster economic growth and development in Mindanao by facilitating investments in infrastructure during…
The Department of Finance (DOF) welcomes the renegotiation of the Metropolitan Waterworks and Sewerage System (MWSS) concession agreement, which was finally signed on May 10, 2023. “This is a testament…
The economic managers, led by Finance Secretary Benjamin E. Diokno, are seeking the approval of Senate Bill No. 2020 establishing the Maharlika Investment Fund (MIF) on third reading before session adjourns on June 2, 2023.
National Treasurer Rosalia De Leon underscored the intention of proposed reforms to the military and uniformed personnel (MUP) pension system to enhance pension security and predictability. “First, we must establish…
Finance Secretary Benjamin Diokno identified the necessary measures needed to solve long-standing issues on water security for true economic and social transformation as detailed in the Philippine Development Plan (PDP) 2023-2028.
The Department of Finance (DOF) reconvened the Inter-Agency Task Force on Sustainable Finance (ITSF), otherwise known as the Green Force, on May 12, 2023 at the DOF Office in Manila to discuss the status and next steps in the implementation of the Sustainable Finance Roadmap and its Guiding Principles.
Finance Secretary Benjamin Diokno led the ceremonial signing of the Local Governance Reform Project (LGRP) Memorandum of Agreement (MOA) between the Department of Finance – Bureau of Local Government Finance (DOF-BLGF) and Prototype local government units (LGUs), State Universities and Colleges (SUCs), and partner government institutions on May 11, 2023 at the Philippine International Convention Center (PICC).
