Diokno will turn over DOF to incoming finance chief on solid footing
Outgoing Finance Secretary Benjamin E. Diokno will turnover the Department of Finance (DOF) on solid footing to the incoming finance chief.
Benjamin E.Diokno latest news
Recto takes oath of office as Monetary Board Member
Finance Secretary Ralph G. Recto took his oath of office as government sector representative to the Monetary Board (MB), the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP), on January 22, 2024.
Ex-Finance Chief Diokno officially turns over DOF to Recto
Former Finance Secretary and now Bangko Sentral ng Pilipinas (BSP) Monetary Board Member (MBM) Benjamin E. Diokno officially turned over the Department of Finance (DOF) leadership to newly appointed Finance Secretary Ralph G. Recto in a ceremony on January 15, 2024 at the DOF Office in Manila.
PH labor market continues to improve, records historic low unemployment rate of 3.6% in November 2023
The Philippines’ labor market continues to improve with its unemployment rate reaching the lowest level since 2005 at 3.6 percent in November 2023.
DOF collects higher dividends in 2023
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 its collections of PHP 68.34 billion in 2022 by 46 percent.
Newly signed Ease of Paying Taxes Act to modernize PH tax administration and strengthen taxpayer rights
Finance Secretary Benjamin E. Diokno welcomed the enactment of the Ease of Paying Taxes (EOPT) Act, which was signed into law as Republic Act No. (RA) 11976 by President Ferdinand R. Marcos, Jr. on January 5, 2024, to modernize the Philippine tax administration and strengthen taxpayer rights.
PH records lowest 2023 inflation rate of 3.9% in December, meets DBCC assumption of 6.0% for full year 2023
The Philippines’ overall inflation rate further decelerated to 3.9 percent in December 2023––the lowest rate recorded in 2023.
Maharlika Investment Corporation holds inaugural board meeting, identifies potential sectors to tap
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.