The December 2022 Labor Force Survey (LFS) recorded an unemployment rate of 4.3 percent, which is the second lowest since April 2005. This is also significantly lower than the 6.6…
The Philippine delegation consisting of President Ferdinand R. Marcos, Jr., the economic team led by Finance Secretary Benjamin Diokno, and key private sector representatives departed for a working visit to…
President Ferdinand R. Marcos, Jr. honored the Bureau of Customs (BOC) as it celebrated its 121st Founding Anniversary on February 7, 2023 at the Port Area, South Harbor, Manila. In…
The Bureau of Internal Revenue (BIR) officially kicked off its 2023 National Tax Campaign with the theme Tulong-tulong sa Pagbangon, Kapit Kamay sa Pag-ahon, Buwis na Wasto, Alay Para sa…
The Marcos administration has intensified its measures to improve local production and agricultural productivity as inflation reached 8.7 percent in January 2023 due to supply constraints and higher utility rates.…
The Philippines recorded a debt-to-GDP ratio of 60.9 percent for end-2022, which is lower than the 61.8 percent target that was set in the Medium-Term Fiscal Framework (MTFF). “Our medium-term…
During the US-Philippines Society Economic Policy Forum on January 31, 2023, Finance Secretary Benjamin Diokno gave a brief overview on the country’s economic policies and identified key areas of cooperation…
The Department of Finance (DOF) welcomes the release of the timely report from the Milken Institute’s Financial Innovations Labs on the “Best Practices of Sovereign Wealth Funds: The Case for…
On January 27, 2023, President Ferdinand R. Marcos, Jr. signed Executive Order (EO) No. 14, approving and adopting the Philippine Development Plan (PDP) 2023-2028. “The timely signing of this EO…
Finance Secretary Benjamin Diokno announced to investors the full-year gross domestic product (GDP) growth of 7.6 percent––the highest the Philippines has seen in almost half a century during the Philippine…
