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The Philippine Extractive Industries Transparency Initiative (PH-EITI), chaired by the Department of Finance (DOF), has made strides in improving the transparency and accountability of the Philippines’ extractives sector as well as continued strengthening of the government’s natural resource management.
S&P Global affirmed the Philippines’ ‘BBB+’ long-term and ‘A-2’ short-term sovereign credit ratings with stable outlook in view of the country’s sustained economic recovery and strong external position.
Finance Secretary Benjamin E. Diokno shared with the Malacañang press corps on November 28, 2023 the Philippine government’s strategies to sustain robust economic growth and resilience amid the global economic slowdown, following his presentation to President Ferdinand R. Marcos, Jr. in a high-level sectoral meeting on the same day.
Finance Secretary Benjamin E. Diokno has underscored the critical role of finance in the country’s fight against climate change and highlighted the Department of Finance’s (DOF) initiatives on this front.
The Bureau of Customs (BOC)’s progress in modernizing customs administration and enhancing trade facilitation under the leadership of Finance Secretary Benjamin E. Diokno has driven the Philippines to rank second-best among Southeast Asian (ASEAN) nations in the 2023 United Nations Global Survey on Digital and Sustainable Trade Facilitation.
At the Nov. 25, 2023 22nd anniversary dinner of BizNewsAsia, Finance Secretary Benjamin E. Diokno painted a bullish outlook for the economy. The head of the economic team of President Marcos Jr. congratulated BizNewsAsia, “founded and nurtured by my good friend Tony Lopez, on its 22nd anniversary.”
Finance Secretary Benjamin E. Diokno has showcased the strengths of the Philippine economy and the Marcos Jr. administration’s concerted efforts in propelling rapid growth through the full implementation of business-friendly reforms during his closing remarks at BizNewsAsia’s 22nd Anniversary on November 25, 2023.
The Department of Finance (DOF) is prepared to provide local government units (LGUs) with quicker access to climate financing through proper resource mobilization and private sector participation.