Latest in Frederick GoThe Bureau of Customs (BOC) has filed 84 cases for customs fraud under a crackdown that targets high-value misdeclarations, including the infamous example of a Bugatti luxury vehicle declared as a pick-up truck to pay lower import duties, Commissioner Ariel Nepomuceno said Saturday. Nepomuceno…
The Social Security System (SSS) and the Government Service Insurance System (GSIS) have launched micro loan programs offering emergency loans at 6% annual interest, providing a government alternative to informal lenders that charge as much as 10% per month, Finance Secretary Frederick Go said…
The Social Security System’s (SSS) Pension Reserve Fund has reached ₱1 trillion for the first time in the institution’s history, giving millions of Filipino private sector workers confidence that their retirement funds are secure, Finance Secretary Frederick Go said Saturday. Go made the…
The Philippines’ general government debt-to-GDP ratio stands at 57 to 58%, well below the World Bank’s recommended maximum threshold of 70%, giving the government ample room to borrow for public investment without compromising fiscal stability, Finance Secretary Frederick Go said Saturday. Go made…
The Philippines has been elevated to upper-middle income status by the World Bank for the first time in 40 years, ending a classification as lower-middle income that has persisted since 1986, Finance Secretary Frederick Go said Saturday. Go made the disclosure in an interview on DZRH News program…
The Philippines has received investment-grade credit ratings from all five major global credit rating agencies, with two awarding an A- rating and three awarding BBB+, Finance Secretary Frederick Go said Saturday. Go made the disclosure in an interview on DZRH News program Special on Saturday on…
The three major government financial institutions—Landbank, the Social Security System (SSS), and the Government Service Insurance System (GSIS)—all posted their highest-ever net incomes under the Marcos administration, generating a combined ₱147 billion in dividends for the national government…
Major banks in the Philippines now offer free digital fund transfers following Landbank’s decision to eliminate digital transaction fees, a move that Finance Secretary Frederick Go said started a chain reaction across the entire banking system and benefited millions of Filipinos who pay for goods…
Infrastructure spending has surged from 1 to 2% of GDP to 5% or more under the Marcos administration, representing the single biggest driver of the Philippines’ above-average economic growth of 5.8% over the past four years, Finance Undersecretary Joven Balbosa said Saturday. Balbosa made the…
Republic Act No. 12066, or the “CREATE MORE” law, has expanded investment incentives to make the Philippines more competitive against regional peers including Vietnam, Thailand, and Indonesia in attracting foreign direct investment, with the resulting job creation keeping unemployment relatively…
The Marcos administration has collected ₱501 billion in dividends from government-owned and controlled corporations in just four years, surpassing the combined total of three previous administrations and setting a new record in the history of Philippine public finance, Finance Secretary Frederick…
The Bureau of Customs (BOC) is on track to hit its historic ₱1 trillion collection target this year, with January to July collections already running ₱11.4 billion above the revised target and July alone posting a 12.5% growth rate compared to the same month last year, Customs Commissioner Ariel…
The Bureau of Internal Revenue (BIR) collected over ₱3 trillion in a single year for the first time in the entire history of the Philippine Republic, Finance Secretary Frederick Go said Saturday, describing the milestone as a record-breaking performance that reflects years of sustained reform in…
The Philippine economy grew at an average of 5.8% annually over the past four years under President Ferdinand Marcos Jr., more than double the global average of 2.5% to 3%, Finance Secretary Frederick Go said Saturday. Go made the disclosure in an interview on DZRH News program Special on Saturday…
Newly-appointed Finance Secretary Frederick Go sought to ease public worries about the economy, saying the Philippines’ core economic fundamentals remain intact despite concerns over corruption controversies and reduced government spending in the second half of 2025. In an interview on DZRH News’…
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