House bill to impose excise tax on SUPs passed on third reading

The House of Representatives of the Philippines approved on third reading a bill that seeks to impose excise tax on single-use plastic (SUP)s on Monday, November 14, 2022. Under the…

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Diokno lauds landmark project on ‘nature-based’ climate solutions

Finance Secretary Benjamin Diokno thanked and commended the United Nations Development Programme (UNDP) and the Government of Canada for the launch of a new project that would provide the Philippines…

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Senate approves 2023 national budget on third reading

The Senate of the Philippines approved House Bill No. 4488 or the 2023 General Appropriations Bill (GAB) on third and final reading on November 23, 2022. "I welcome the Senate's…

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Diokno calls for greater financing for climate resilience

Finance Secretary Benjamin Diokno urged climate experts and leaders from the public, private, and development sectors to invest in adaptation to reduce climate risks and disasters. “We must urgently increase…

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LGUs urged to establish plans on capital investments

Finance Secretary Benjamin Diokno called on local government units (LGUs) to optimize their increased transfers from the Mandanas-ruling in setting up plans on capital investments to address basic and growing…

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CA confirms appointment of Diokno as Finance Secretary

The Commission of Appointments (CA) has officially confirmed the ad interim appointment of Dr. Benjamin E. Diokno as Secretary of Finance on November 23, 2022.

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Diokno: Public-private cooperation key to nation-building

Finance Secretary Benjamin Diokno underscored the importance of public-private cooperation in nation-building and assured the business community that the government welcomes ideas and proposals towards inclusive and sustainable growth. “[W]e…

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Diokno strengthens ties with Italian business community

Finance Secretary Benjamin Diokno led the government in strengthening ties with the Italian business community as he encouraged industry leaders to seize new investment opportunities in the country.   “I…

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