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).
Finance Secretary Benjamin Diokno said that the Philippines is on track to achieving its growth targets as the economy sustained its growth momentum in the first quarter of 2023 with…
The Philippines is seeing continued improvements in the labor market as the unemployment rate further dropped to 4.7 percent in March 2023, down from 5.8 percent in March 2022. “With…
Headline inflation slowed down for the third consecutive month in April 2023 to 6.6 percent from the 7.6 percent in March, bringing the average inflation rate from January to April…
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla and Department of Finance (DOF) Undersecretary Mark Dennis Y.C. Joven led the Philippine delegation during the 26th ASEAN+3 Finance Ministers and Central…
Department of Finance (DOF) Undersecretary Mark Dennis Y.C. Joven delivered a keynote address welcoming the launch of the ADB-ASEAN+3 Report on Reinvigorating Financing Approaches for Sustainable and Resilient Infrastructure in ASEAN+3 at the Ministerial Launch Event held on May 2, 2023 on the sidelines of the 56th Annual Meeting of the Asian Development Bank (ADB) Board of Governors in Incheon, Korea.
