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PH as notable leader – driving global growth in foreseeable future

The Department of Finance (DOF) Secretary Ralph Recto reported that the Philippines is the fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) leading it to the top (5.6%) based on the actual Gross Domestic Product (GDP) Growth Performance of ASEAN in 2023. Sec. Recto presented that the global growth will be led by Asia’s powerhouses for the next decades, notably by the Philippines. Contributing to this is the massive growth of the transportation and storage, construction, and financial services. 

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DOF underscores PH Economic Performance with 5.9% growth in Q3 of 2023

The Department of Finance (DOF) Secretary Benjamin E. Diokno underscored the sustained recovery and progress of the Philippine economy at the Pilipinas Conference 2023, hosted by the Stratbase ADR Institute, with the theme, “The Path Towards Economic Security: Turning Global Risks into Opportunities.”

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DOF underscores the Duterte administration’s Game-Changing reforms

 

Dept. of Finance (DOF) Sec. Sonny Dominguez underscored the Duterte Administration’s socio-economic reforms over the past six years, including the Ease of Doing Business Act which paved the way for efficient delivery of public services. The DTI was also commended for the efficient implementation of this law, which remarkably increased the competitiveness of the country’s business climate.

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DOF-BOC-ARTA headways onboarding activities of the 18 priority agencies in TradeNet

The Department of Finance (DOF), Bureau of Customs (BOC), together with the Anti-red Tape Authority (ARTA) headways the onboarding activities of the eighteen (18) trade regulatory priority agencies in TradeNet; Six (6) of which were recently onboarded which include BAFS, SRA, FPA, EMB, NMIS and OMB. These agencies are still finalizing their module manuals, operational guidelines, and helpdesk in preparation for their live implementation. The TradeNet Steering Committee also pledged to include another twelve (12) agencies to onboard by September 2021.  

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