Multi sectoral working groups have been formed to implement the National Strategy for Financial Inclusion. There are now 21 government agencies in the working groups and private sector stakeholders.

Multi-sectoral working groups created for financial inclusion

The Philippines is now the top market for financing technology (fintech) with more digital transactions taking place since the pandemic two years ago. But more needs to be done like reducing red tapes in licensing and less bureaucracy or ease of doing business must be improved.

Phl. now top market of fintech

The Bureau of Treasury issued P9.14 billion of short-dated but high interest rates treasury bills on Monday ending four-straight fully- rejected auctions.

Gov’t borrows P9.14B at high rate

The Bangko Sentral ng Pilipinas in a discussion paper admitted the importance of OFW remittances to sustain economic recovery and to assist in public finances.

Govt. looks at remittances to support public finances

Part 2 of Hanjin Series

THE Philippine Navy’s proposal to operate the shipyard—which it does not have the wherewithal to implement in terms of financials and operational skills—hinges on foreign investment that could easily come through Public Private Partnership deals.

Navy proposal needs financial, managerial resources

What better way to celebrate Labor Day 2022 than to assure the workers that bills are being readied to ensure the stability of state pension funds so that when they retire they can rest easy.

Bills to strengthen retiree funds being readied

The country’s budget deficit in 2021 soared to P1.7 trillion, which is lower than the targeted deficit of P1.9 trillion but still above that of 2020. This is due to higher spending on vaccines, equity infusion in support of government financial institutions lending assistance programs and higher internal revenue allotment shares of local government units.

2021 budget deficit climbs to P1.7T

Now it’s the Department of Finance asking its collection arm, the Bureau of Internal Revenue, to ask for payment of P203 billion estate tax from the heirs of the late strongman Ferdinand Marcos to help the government in institutionalizing its assistance programs for the people to ease their plight during the oil price crisis.

Expect a ‘foul’ cry from Marcos’ heirs

The Bureau of Customs reported overshooting its March target collection by 23 percent and this was due to increased imports, improved collection efficiency and proper valuation of imports. The finance department also said this was due to the modernization and automation of the processes of the bureau.

Finally, BoC exceeds target for March by 23%

The global financial crime watchdog said the Philippines still needs to implement measures to address risks related to casino junkets, nonprofit organizations, and beneficial ownership.

‘Dirty money’ risk: FATF keeps PH under ‘gray list’

‘Dirty money’ risk FATF keeps PH under ‘gray list’ photo Philippine Star

Navy proposal needs financial, managerial resources photo Subic bay Updates

Govt. looks at remittances to support public finances photo BusinessMirror

Gov’t  borrows P9.14B at high rate photo Inquirer.net

2021 budget deficit climbs to P1.7T photo The Manila times

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