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Finance Secretary Frederick Go stated that tax allotments for local governments and increasing debt interest payments will strain the proposed P7.2-trillion national budget for next year, limiting productive spending.
HDFC Bank has announced the appointment of former Chief Election Commissioner Rajiv Kumar as its new chairman. Kumar has a distinguished background, having served on several key financial bodies.
Japanese Ambassador Endo Kazuya hosted a reception to congratulate former Philippine trade and finance secretary Cesar Purisima on being conferred the Order of the Rising Sun, Gold and Silver Star.
Pressure is reportedly mounting on Sri Lanka's Finance Secretary to resign amidst unspecified circumstances.
Finance Secretary Frederick Go is actively promoting the United States-initiated artificial intelligence (AI) hub located in New Clark City, emphasizing the future of AI and technology.