Global credit rating agency Fitch Ratings has revised its outlook for the Philippine banking sector from ‘neutral’ to ‘deteriorating,’ warning that recent macroeconomic pressures will likely weaken borrowers’ repayment capacity and compress bank earnings. In a June 25 commentary, Fitch...
More communities in the Visayas are set to benefit from improved access to medical transport as the Philippine Charity Sweepstakes Office (PCSO) turned over 18 Patient Transport Vehicles (PTVs) to 10 provinces during a ceremony held in Cebu City. PCSO General Manager Melquiades A. Robles said the...
The Philippines is grappling with the fastest inflation rate among Southeast Asia’s major economies, as the country’s acute exposure to crude volatility from the United States-Iran conflict offsets the recent cooling in consumer price growth. While aggregate inflation across the ASEAN-6 nations...
Malacañang assured that government programs and functions will not be stalled during the impeachment proceedings against Vice President Sara Duterte. Palace Press Officer and Communications Undersecretary Claire Castro refuted the statements of Senator Alan Peter Cayetano that there would only be...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
Former senator Antonio F. Trillanes IV filed on Thursday, June 25, a cyber libel case against Senators Alan Peter Cayetano and Rodante Marcoleta in connection with the June 4 hearing when he was accused of receiving suitcases containing money. The case was filed before the Department of Justice...
Lamenting that the acts of violence occurring in the country are unacceptable, President Marcos ordered authorities to immediately determine the root cause of the tragic gun attack at a school in Tacloban City. Palace Press Officer and Communications Undersecretary Claire Castro said that acts of...
Foreign Affairs Secretary Ma. Theresa P. Lazaro reaffirmed that the Department of Foreign Affairs (DFA) remains the primary agency responsible for implementing President Ferdinand Marcos Jr. 's foreign policy, stressing that the Philippines must "speak with one voice" in its engagement with...
After leading the inauguration of the Antong Dam and Irrigation System in Lutayan, Sultan Kudarat, President Marcos had lunch with farmers and irrigators in a "boodle fight." In a series of photos released by the Presidential Communications Office (PCO), Marcos was seen joining the boodle lunch...
President Marcos has ordered the Department of Transportation (DOTr) to immediately resolve the long-standing right-of-way issues delaying the completion of the Light Rail Transit Line 1 (LRT-1) Cavite Extension project, saying the commuting public should no longer bear the consequences of the...
The national government (NG) swung back to a budget deficit in May, with the fiscal gap widening from a year earlier as the sharp decline in non-tax revenue overshadowed solid tax gains and the modest increase in state spending. According to the latest cash operations report (COR) released by the...
President Marcos has conveyed his sympathies to the Venezuelan people following a series of powerful earthquakes that struck Venezuela on June 24. In a message on Thursday, June 25, Marcos said he was deeply saddened over the devastating earthquakes that struck the country 's northern coast....
