Credit watcher S&P Global has reaffirmed the Philippines’ long-term foreign-currency rating at ‘BBB+’ and maintained its stable outlook in view of a healthy economic rebound spurred by strong domestic demand.…
Finance Secretary Benjamin Diokno welcomed the Philippines’ third quarter economic performance, which posted a gross domestic product (GDP) growth of 7.6 percent amid current domestic and international headwinds. “With an…
Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Benjamin Diokno emphasized that fiscal prudence must be exercised in granting tax incentives, as provided under the Corporate Recovery and Tax…
The Senate of the Philippines has approved the proposed Fiscal Year (FY) 2023 Budget of the Department of Finance (DOF) and its attached agencies and government corporations on November 9, 2022.
Finance Secretary Benjamin Diokno welcomed the Philippine Statistic Authority (PSA)’s Labor Force Survey (LFS) results as it recorded the highest employment rate of 95.0 percent since the pandemic hit in…
Finance Secretary Benjamin Diokno cited the importance of improving the inclusive and data-informed management of the extractive industries in driving long-term economic expansion as he cited its PHP363-billion contribution to government revenues from 2012 to 2019.
Special Advisor to the Prime Minister of Japan Dr. Mori Masafumi renewed the Japanese government’s commitment to development cooperation with the Philippines during the 13th Philippines-Japan High-Level Meeting of the…
Finance Secretary Benjamin Diokno emphasized that addressing inflation remains the top priority of the Marcos administration, as headline inflation for October 2022 rose to 7.7 percent from the previous month’s…
Credit rating agency Fitch Ratings affirmed its earlier investment-grade credit rating of BBB with a negative outlook for the Philippines, citing the country’s strong growth, external finances and a credible…
The Department of Finance (DOF) vows to strengthen the development of the housing and real estate sectors in the country through fiscal policy. “We will continue to strengthen the pillars…
