The Philippines and Sweden are exploring ways to deepen cooperation in energy, digitalization, manufacturing, and other strategic sectors, the Department of Finance (DOF) said. │ @bworldph
📷 from @dofgovph
The Bureau of Internal Revenue (BIR) said it filed five criminal tax cases on Thursday, including one against dismissed Bamban, Tarlac mayor Alice Leal Guo over an alleged tax deficiency exceeding P1 billion. │ @bworldph
LOOK: The Port of Limay collected P10.89 billion in May, surpassing its P8.736-billion target by 24.67%, according to the Bureau of Customs. │ @bworldph
LOOK: BIR Commissioner Charlito Martin M. Mendoza has appointed Deputy Commissioner Vener S. Baquiran as officer-in-charge while he is on personal leave from June 10-14. │ @bworldph
At the 21st Asia Clean Energy Forum, I spoke about why deeply connected, highly intelligent networks are essential, and how ADB’s $50 billion Pan-Asia Power Grid Initiative aims to help turn continent-wide interconnection into reality by 2035.
By allowing surplus clean energy in one country to balance the deficit in another, an interconnected regional system acts as a collective shield.
#ACEF2026
@bworldph "We cannot afford slow, country-by-country, isolated development responses. If we attempt to operate our national energy systems in total isolation from one another, we will fail," he said. | @bworldph
Asian Development Bank President Masato Kanda called for a coordinated response to surging power demand as AI data centers expand and global shocks continue to weigh on economies. | @bworldph
LOOK: Ricardo R. Blancaflor is sworn in as the acting chair of the Government Service Insurance System (GSIS) before Finance Secretary Frederick D. Go. │ @bworldph
📷 @dofgovph
ADB Principal Energy Specialist Annika Seiler said the Philippines is poised to become a key driver of ASEAN's wind energy supply chain, citing its role as the region's largest offshore wind demand market. | @bworldph
The Bureau of the Treasury hosted officials from Vietnam's Ministry of Finance for a peer-learning exchange on bond issuance practices and public debt management. │ @bworldph
📷 @TreasuryPh
Poverty incidence in the Philippines is unlikely to fall to the government’s single-digit target by 2028, the latest World Bank report showed.
https://t.co/v64093DVYB by @jdtabile via @bworldph
LOOK: Finance Secretary Frederick D. Go said that the approval of the 2026 Strategic Investment Priority Plan (SIPP) will make the country more attractive for investments. | @bworldph
Philippine manufacturing activity rebounded to 50.8 in May, returning to expansion territory after contracting in the previous month, S&P Global said. | @bworldph
The Philippines is seeking $500 million in funding from the Asian Development Bank for the proposed “Promoting Financial Market Deepening and Innovation Program.” | @bworldph