As regulators encourage new players to enter the digital financial services sector, firms that take the initiative can gain an early advantage in one of the world’s largest greenfield markets.
Senator Sonny Angara (Photo courtesy ofSenate PRIB) MANILA - Senator Sonny Angara on Monday sponsored the Medium-Term Fiscal Framework (MTFF) prepared by the Marcos administration's economic managers. In a privilege speech, Angara said the MTFF's primary objective is to stabilize the fiscal house in the short-term, without hampering the efforts at jumpstarting the country's economic recovery and sustaining growth in the medium-term. "In that sense, the MTFF can stand as our first glimpse into the broad policy strokes that our administration wants to take that will be encapsulated and discussed more in detail in the Philippine Development Plan (PDP) 2022-2028, which is scheduled to be published by the end of this year," he said. During the recent meeting of the Committee on Finance, chaired by Angara, with economic managers, the representatives of the Department of Finance (DOF) explained that the MTFF shall serve as the country's blueprint, specifically for re
Speaker Martin Romualdez (File photo) MANILA - Leaders of the House of Representatives on Thursday met with Finance Secretary Benjamin Diokno to discuss the Marcos administration's 2022-2028 Medium-Term Fiscal Framework (MTFF) that aims to attain short-term macro-fiscal stability while remaining supportive of the economic recovery and promoting medium-term fiscal sustainability. Speaker Martin Romualdez said Diokno invited the House leaders to his new office to discuss ways to forge tighter coordination and smooth working relationship between the Executive and the Legislative departments. Romualdez said the House leaders reiterated the chamber's decision, as contained in House Concurrent Resolution No. 2, to extend full support to the six-year fiscal plan. "We agree on one thing: the MTFF should be a fiscal consolidation and resource mobilization plan. The objective: in the short run, keep the macroeconomy stable and provide adequate social services; in the medium term, ge
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