The Department of Finance (DOF)’s Privatization and Corporate Affairs Group (PCAG) has collected a total of PHP 99.98 billion in dividends from Government-Owned or -Controlled Corporations (GOCCs) in 2023, exceeding…
The Philippines’ overall inflation rate further decelerated to 3.9 percent in December 2023––the lowest rate recorded in 2023. This brings the year-to-date (YTD) headline inflation rate to 6.0 percent, the…
The Maharlika Investment Corporation (MIC), which shall govern the Maharlika Investment Fund (MIF), held its first board meeting on January 3, 2024 to discuss the Fund’s capitalization and potential projects to tap, among other matters.
The Department of Finance (DOF), through its International Finance Group (IFG), has successfully secured concessional financing for big-ticket infrastructure projects under President Ferdinand R. Marcos, Jr.’s Build Better More Program…
The Marcos, Jr. administration overcame one of its biggest challenges in 2023—elevated inflation due in part to the disrupted global markets that resulted in supply chain bottlenecks—through carefully crafted inflation…
The Marcos, Jr. administration has led the Philippines to become the fastest-growing economy among major Asian countries in 2023, defying global challenges such as elevated inflation and slower growth. The…
The Department of Finance (DOF), under the leadership of Secretary Benjamin E. Diokno, has led intensified climate action initiatives in 2023 amid escalating challenges of global warming. In January, the…
The International Monetary Fund (IMF) has lauded the Marcos, Jr. administration’s swift policy actions through the Medium-Term Fiscal Framework (MTFF) in response to the challenges arising from the global shocks…
