The Department of the Interior and Local Government (DILG) assured on Saturday, April 24, that the cash aid distribution in Metro Manila and four adjacent provinces will be completed before the May 15 extended deadline. In an interview over dzBB, DILG Undersecretary and spokesperson Jonathan Malaya...
The Philippine government has already finalized the updated Financial and Technical Assistance Agreement (FTAA) with Australian-Canadian miner OceanaGold Corporation (OceanaGold) nearly two years since the major mining deal expired. MGB Director Wilfredo Moncano (Photo credit:...
The Pateros municipal government has started on Tuesday, April 13, the payout of the national government’s financial assistance to residents affected by the enhanced community quarantine (ECQ) but warned that it will be slow due to lack of manpower. Distribution of the financial assistance...
Australian-Canadian miner OceanaGold Corporation (OceanaGold) said the renewal of its Financial and Technical Assistance Agreement (FTAA) with the Philippine government for the Didipio gold and copper mine in Nueva Vizcaya has remained uncertain. And that the company now expects to spend $1.5...
Senator Risa Hontiveros, the Department of Health (DOH), and the Manila City government on Thursday (March 11) signed a covenant for the provision of medical assistance to indigent patients in the capital city. COVENANT SIGNING — Manila Mayor Francisco 'Isko Moreno' Domagoso and Sen. Risa...
Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government....
The Asian Development Bank’s (ADB) has earmarked $9.4 billion in sovereign lending to the Philippines for the next three-years to help the government revitalize the economy amid the coronavirus disease pandemic. In a statement, the Manila-based multilateral institution, said that at least...
The Philippine Ports Authority (PPA), is waiving the collection of P250 Million port fees starting today (Dec. 1) to assist shipping companies and perators. The agency will give the financial assistance on a ‘first come, first served’ and per vessel, per transaction basis. In addition, the PPA...
With the Bayanihan to Recover as One Act (RA 11494) signed into law, a P10- billion fund has been allotted to The Small Business Corporation (SBCorp), the government’s micro financing arm. SBCorp announced it will start rolling out on Monday, October 26, the P10-billion fund to ensure...
As many as 496 employees at the Didipio gold and copper mine have lost their jobs during the first round of permanent layoff conducted by Australian-Canadian miner OceanaGold Corporation (OceanaGold). Along with the termination of direct employees, approximately 400 people working with...
State-run Land Bank of the Philippines (LandBank) committed to support more farmers' groups after extending a total of P20.86 billion in outstanding loans to as many as 1,081 cooperatives and farmers’ associations as of end-August. LandBank President and CEO Cecilia C. Borromeo In a statement,...
Despite the restart of operations, the airline industry expects to burn through $77 billion in cash for the second half of this year, at $13 billion per month or $300,000 per minute, the International Air Transport Association (IATA) warned. The slow recovery of air travel will see the industry...
