DOF priority tax measures advance in Congress
Finance Secretary Benjamin E. Diokno has outlined the Department of Finance’s (DOF) priority tax measures for 2024, the majority of which are in advanced stages in Congress.
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Finance Secretary Benjamin E. Diokno has outlined the Department of Finance’s (DOF) priority tax measures for 2024, the majority of which are in advanced stages in Congress.
Commemorating the listing of the Republic of the Philippines’ (the “Republic”) 5.5-Year Dollar Sukuk in Nasdaq Dubai on December 8, 2023, Secretary of Finance Benjamin E. Diokno and Nasdaq Dubai and Dubai Financial Market (DFM) CEO Hamed Ali rang the market opening bell at the Nasdaq Dubai MarketSite.
The government wrapped up its final leg of the Philippine Economic Briefing (PEB) for the year in Iloilo City–situated in the fastest-growing region in the Philippines–where key government officials outlined the Marcos, Jr. administration’s strategies to achieve inclusive and sustainable economic transformation.
Finance Secretary Benjamin E. Diokno has expressed optimism on the Asian Development Bank (ADB)’s $ 10 billion climate finance support for the Philippines and thanked the Bank for being a steadfast and longstanding development partner of the country.
The Philippines’ unemployment rate further dropped to 4.2 percent in October 2023 from 4.5 percent a month ago, the lowest level recorded since April 2005 and similar to the rate posted in November 2022.
DUBAI, UNITED ARAB EMIRATES––Finance Secretary Benjamin E. Diokno has showcased the progress of the Philippines’ digitalization initiatives and urged the global community to rapidly digitalize payments as a means to accelerate climate action in a 2023 United Nations Climate Change Conference (COP28) side event on December 4, 2023 at the Philippine Pavilion.
DUBAI, UNITED ARAB EMIRATES––Finance Secretary Benjamin E. Diokno has underscored the importance of mobilizing blended finance to scale up climate action during a series of events at the 2023 United Nations Climate Change Conference (COP28) Finance Day on December 4, 2023 in Dubai, United Arab Emirates (UAE).
Finance Secretary Benjamin E. Diokno has underscored that the newly enacted Public-Private Partnership (PPP) Code of the Philippines, which was signed into law as Republic Act No. 11966 by President Ferdinand R. Marcos, Jr. on December 5, 2023, will enhance public-private collaboration and lay the foundation for ensuring the realization of high-quality infrastructure projects and services in the country.