IMF Commends Economic Team for Strong Recovery from Pandemic
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Benjamin E.Diokno latest news
PH showcases PPPs, infra, and investment opportunities to Singapore-based investors
The economic team, led by Finance Secretary Benjamin E. Diokno, held the seventh Philippine Economic Briefing (PEB) in Singapore on June 15, 2023 at the Fullerton Hotel to showcase the country’s robust growth and new investment opportunities.
Diokno to PH franchisers: Nurture PH workforce, invest in human capital development
Finance Secretary Benjamin E. Diokno urged the franchise community to invest in the Filipino workforce during the Franchise Asia Philippines (FAPHL) 2023 Conference on June 7, 2023 at the SMX Convention Center in Pasay.
Inflation down to 6.1% in May 2023, within BSP target range
Headline inflation continued to slow down for the fourth consecutive month in May 2023 to 6.1 percent from the 6.6 percent in April. The May inflation rate is within the Bangko Sentral ng Pilipinas (BSP)’s forecast range of 5.8 to 6.6 percent and equal to private analysts’ median estimate of 6.1 percent.
Diokno: Productive spending key to sustaining growth
Finance Secretary Benjamin E. Diokno shared the government’s commitment to productive spending through investments in infrastructure that will boost economic growth during the Manila Times Midyear Economic Forum, entitled “The Financial Play After the Halftime Replay”, on June 27, 2023.
R&I affirms the Philippines’ BBB+ rating, revises outlook to positive
Japan-based debt watcher, Rating and Investment Information, Inc. (R&I), affirmed the Philippines’ investor-grade credit rating at ‘BBB+’ and revised its outlook to positive from stable, due to the country’s robust macroeconomic fundamentals, improving fiscal position, sound banking system, comfortable external payments position, and stable political environment.
Diokno welcomes swift creation of House ad hoc committee on military and uniformed personnel pension reform
Finance Secretary Benjamin E. Diokno welcomed the swift creation of an ad hoc Committee on the Military and Uniformed Personnel (MUP) Pension Reform which was formalized during the House of Representatives session on August 2, 2023.
Inflation slides to 4.7% in July, slows for sixth consecutive month
The country’s headline inflation rate slid to 4.7 percent in July 2023, marking the sixth consecutive month of deceleration. This is within the month-ahead forecast range of the Bangko Sentral ng Pilipinas (BSP) of 4.1 to 4.9 percent.