Use excess RCEF collections to help rice farmers—Marcos
President Ferdinand Marcos Jr. has ordered the Department of Agriculture to use the excess collections of the Rice Competitiveness Enhancement Fund (RCEF) to help rice farmers.
Benjamin Diokno latest news
Diokno: Mindanao positioned to power PH economic progress
Finance Secretary Benjamin Diokno highlighted Mindanao’s unique position to boost the country’s economic progress during the Philippine Economic Briefing (PEB) in Davao with the theme, Agenda for Prosperity: Economic Transformation toward Inclusivity and Sustainability, on August 9, 2023 at the DusitD2 Hotel, Davao City.
‘House to address Maharlika issues’
The House of Representatives will address legal concerns on the Maharlika Investment Fund law, Speaker Martin Romualdez said Wednesday, as he maintained that “due legislative processes” were followed in passing the measure.
Customs surpasses Sept revenue target
THE Bureau of Customs (BoC) exceeded its September 2023 target, collecting P79.225 billion in duties and taxes — P2.780 billion more than the P76.445-billion goal.
Quick takes from around the market
PSE [PSE 175.00, down 0.1%; 69% avgVol] [link] announced that its guidelines for short selling will “take effect immediately”, moving the market “one step closer” to full implementation of short selling on the exchange. The guidelines indicate that the PSE has expanded the shares that are eligible for short selling (PSEi, plus MidCap and DIvY), and that there will be a 10% cap on short interest that will be measured on a per-company basis.
Maharlika investment activities may start by Q1 2024 — Diokno
Metro Manila (CNN Philippines, October 2) — The Maharlika Investment Corp. (MIC) may be operational by the first quarter of next year, with the final list of nominees for key positions in the corporation expected on the table of the Palace this week, Finance Secretary Benjamin Diokno said on Monday.
MUP pension bill gets final House nod
Metro Manila (CNN Philippines, September 25) — The House of Representatives approved on third and final reading the proposed measure to reform the pension system of military and uniformed personnel (MUP) that includes a “guaranteed” annual salary increase.
More farmers’ groups join calls to remove Diokno, Balisacan
MANILA, Philippines — More farmers’ groups joined the calls for President Marcos to remove Finance Secretary Benjamin Diokno and Socioeconomic Planning Secretary Arsenio Balisacan over their alleged preferential treatment on importation by moving to bring down tariffs on rice and other imported agricultural products.