The Economy and Development (ED) Council has approved refinements to the implementation of San Miguel Corp. (SMC)-led Metro Rail Transit Line 7 (MRT-7) and adjustments to a maritime security project involving fast patrol crafts, as the government moves to accelerate infrastructure delivery and...
Malacañang said the Philippine peso breaching another record low value against US dollar was due to "unusually strong" dollar and the ongoing Middle East crisis. In a Palace briefing on Thursday, April 30, Palace Press Officer and Communications Undersecretary said that the weakening of the peso...
Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan’s call for an investigation on the alleged existence of an oil cartel is gaining traction in the House of Representatives. Mamamayang Liberal (ML) Party-list Rep. Leila de Lima, senior deputy minority leader;...
House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
The Philippine-American Educational Foundation (PAEF), which administers the Fulbright Program in the Philippines, marked its 78th anniversary on March 24 with a reception in Makati, highlighting its role in strengthening educational exchange between the Philippines and the United States. Held at...
The Department of National Defense (DND) on Friday, Dec. 5, dismissed allegations that President Marcos Jr.’s recent directive to increase the base pay for military and uniformed personnel (MUP) could be perceived as a “bribe” amid destabilization rumors against his administration. DND...
The country’s chief economist expressed a less optimistic outlook for third-quarter growth, noting that both domestic—including the flood control corruption scandal—and external economic conditions may have influenced the possibly dismal performance. “I am not as optimistic as I used to, or...
The Marcos administration is confronting corruption head-on, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, the government’s chief economist. Balisacan told Manila Bulletin on Monday, Sept. 22, that the government is seeking public support to...
The government is considering seasonal tariffs on rice to shield local farmers during harvest, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said. Balisacan also emphasized on Tuesday, Sept. 2, that tariffs are used as a policy tool to address various...
The Department of Economy, Planning, and Development (DEPDev) welcomed the enactment of the Konektadong Pinoy (KP) Act, which it said aims to bridge the digital divide and accelerate the country’s digital transformation, in line with the Philippine Development Plan (PDP) 2023–2028. In a...
Malacañang remains hopeful that the Philippines would be able to attain the upper middle income threshold this year. The country is just $26 away from reaching the upper middle-income country (UMIC) status, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio...
Despite global challenges, the Philippines is projected to sustain relatively strong economic growth and emerge as one of the region’s standout performers, according to the government’s chief economist. “The Philippines would remain among Asia’s fastest-growing economies, outpacing several...
