Department of Finance

President Ferdinand R. Marcos Jr., together with Finance Secretary Frederick D. Go and Trade and Industry Secretary Cristina A. Roque, met with senior executives of Mitsubishi Corporation and Ayala Corporation in Singapore. In the meeting, Mitsubishi reaffirmed its continuing confidence in the Philippine economy and its long-term growth prospects with its PHP 44.5-billion inv...

The Department of Finance (DOF) has secured EUR212.7 million (around PHP 14.98 billion) worth of financing from the World Bank – International Bank for Reconstruction and Development (WB-IBRD) to improve water security, supply, and sanitation in underserved areas in the Philippines. The financing will support the Accelerated Water and Sanitation Project in Selected Areas (AWS...

The Credit Information Corporation (CIC) has remitted a total of PHP 169.64 million in dividends to the National Government, marking its first-ever dividend contribution since its establishment in 2008 and demonstrating its improved financial performance and ability to generate returns for the government. “Government resources must create value for the people. In line with Se...

MANILA, Philippines — Toshiba Corporation is set to expand its production capacity in the Philippines through a multi-billion-peso investment over the next three years, generating around 3,000 jobs and strengthening the country’s position in global technology supply chains. Investment czar and Finance Secretary Frederick D. Go met with Toshiba Corporation officials, led by Ch...

Combat illicit finance, strengthen the implementation of anti-money laundering and counter-terrorism financing measures—that’s the main goal of the regional technical assistance to be financed by the Asian Development Bank (ADB) with the Philippine Government. Finance Secretary Frederick D. Go has expressed full support of the implementation on behalf of the government. “Thro...