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.
Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.
Outgoing Finance Secretary Benjamin E. Diokno will turnover the Department of Finance (DOF) on solid footing to the incoming finance chief.
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.
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.
The Philippines’ labor market continues to improve with its unemployment rate reaching the lowest level since 2005 at 3.6 percent in November 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.
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.
The Philippines’ overall inflation rate further decelerated to 3.9 percent in December 2023––the lowest rate recorded in 2023.
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.