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Diokno calls on World Bank, IMF to scale support in response to global polycrisis

Finance Secretary Benjamin Diokno stressed the role of the World Bank Group (WBG) and International Monetary Fund (IMF) in supporting countries, especially emerging markets and developing economies (EMDEs), in combating the multiple global crises during his intervention at the 2023 Intergovernmental Group of Twenty-Four (G-24) Ministerial Meeting on April 11, 2023 (Eastern Daylight Time) in Washington, D.C., U.S.A.

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April 12, 2023
News

March inflation further slows down to 7.6 percent

The inflation rate in March 2023 further eased to 7.6 percent from 8.6 percent in February 2023. This is within the inflation forecast of the Bangko Sentral ng Pilipinas (BSP)…

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April 5, 2023
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Diokno: Overall business outlook upbeat in Q1 2023

The first quarter Business Expectations Survey (BES) released by the Bangko Sentral ng Pilipinas (BSP) on March 30, 2023 showed an increase in the confidence index (CI) to 34.0 percent…

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April 4, 2023
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News

Diokno provides updates on IAC-IMO inflation strategies

Finance Secretary Benjamin Diokno held a press conference April 4, 2023 to provide updates on the Inter-agency Committee on Inflation and Market Outlook (IAC-IMO)’s strategies to mitigate inflation in the…

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April 4, 2023
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Featured / News

Electric vehicle manufacturer to set up plant in Clark Freeport Zone

Finance Secretary Benjamin Diokno and key government officials witnessed on March 28, 2023 the signing of a lease agreement between American company Envirotech Vehicles (EVT) and Clark-based developer Berthaphil, Inc. for the establishment of an electric vehicle manufacturing plant in Clark Freeport Zone.

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March 28, 2023
News

DOF pushes for MUP pension reforms, warns of fiscal collapse

Finance Secretary Benjamin Diokno stated that the current military and uniformed personnel (MUP) pension system is fiscally unsustainable and that the government will push for reforms in Congress to prevent…

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March 28, 2023
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Landbank-DBP merger to strengthen resilience of PH financial sector

The government has proposed a merger between the Landbank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) to create a bigger, stronger, and more resilient bank…

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March 28, 2023
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