Wednesday, October 21, 2026
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DOF

DOF explores cheaper OFW remittances with Swift, Revolut

Department of Finance (DOF) secretary Frederick Go has discussed measures to reduce the cost of sending money to the Philippines with global financial messaging network Swift and UK-based fintech company Revolut during the 2026 IMF-World Bank Annual Meetings in Bangkok, Thailand.

Aguda’s exclusion from Singapore state visit signaled DICT exit

DICT secretary Henry Aguda’s exclusion from Pres. Marcos’ Singapore state visit, where Finance chief Frederick Go led talks with AWS, appears to have foreshadowed his reported resignation, which Ombudsman Boying Remulla has all but confirmed.

Toshiba to expand PH hard drive production with multi-billion-peso investment

Japanese tech giant Toshiba Corporation is planning a multi-billion-peso investment in the Philippines over the next three years to expand its production of high-capacity hard disk drives, a move expected to generate about 3,000 jobs.

DOF, DTI endorse P60-billion push for local EV production

The Department of Finance (DOF) and Department of Trade and Industry (DTI) have backed the government’s new P60-billion incentive program for electric vehicle manufacturers, saying it could attract investments and develop a domestic EV supply chain.

BSP gives DOJ access to financial data for scam investigations

The Bangko Sentral ng Pilipinas (BSP) and the Department of Justice (DOJ) have signed an information-sharing agreement aimed at speeding up the investigation and prosecution of financial account scams.

After PH trip, Binance founder cites SEC program as boost for crypto market

In a post on X after returning from the Philippines, Binance founder Changpeng Zhao said the country has climbed to fourth place globally in TRM Labs' Country Crypto Adoption Index, reflecting the increasing use of digital assets among Filipinos.

PH gov’t begins rollout of unified online trade platform

The Department of Finance (DOF) has welcomed the pilot launch of the National Single Window–Integrated Trade Facilitation Platform (NSW-ITFP), a digital system designed to consolidate import, export, and transit-related government processes into a single online platform.

PH, AIIB exploring digitalization projects to cut red tape

During a meeting with AIIB officials, Department of Finance (DOF) secretary Frederick D. Go identified red tape and high energy costs as among the country’s major economic challenges.

Landbank cuts InstaPay transfer fee to P8

Government-run Landbank has reduced its InstaPay transfer fee for person-to-person transactions from P15 to P8 as it pushes to make digital banking services cheaper and more accessible to Filipinos.

DOF chief meets US tech firm’s CEO to push PH semicon expansion

onsemi has operated in the country for more than 30 years and employs over 6,000 workers.
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