Roxas & Co. Inc. (RCI) clarified that it has no financial obligations to some 50,000 Batangas farmers and other individuals who will be affected by the company’s planned real estate development across its three haciendas, but to ensure that they are vacated peacefully. In a clarification to...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
Finance Secretary Ralph G. Recto said the recent affirmation of the Philippines’ investment-grade credit rating by Fitch Ratings would attract more foreign investments into the country. In a statement on Monday, June 10, Recto said he welcomed Fitch’s decision to maintain the country’s...
The Philippines and France have inked a financial and development cooperation agreement aimed at tackling poverty and fostering inclusive growth for Filipinos, the Department of Finance (DOF) announced. On June 7, Finance Secretary Ralph G. Recto and Ambassador Extraordinary and Plenipotentiary of...
Finance Secretary Ralph G. Recto said that the railway connecting Cavite and Metro Manila will create more jobs and business opportunities in the south. Recto, the government's chief economic manager, said that the first phase of the Light Rail Transit (LRT) Line 1 (South) Cavite extension project...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
President Marcos has rallied support for the 2024 National Information and Communications Technology (ICT) Summit of the Department of Information and Communications Technology (DICT). Memorandum Circular No. 54 signed by Executive Secretary Lucas Bersamin on June 7, takes effect immediately. The...
The Department of Finance (DOF) said that the Marcos administration has implemented new measures to enhance job creation in the country. According to the DOF, President Marcos’ recently signed Executive Order No. 59 would have a significant impact on the economy by creating more quality jobs for...
The Department of Agriculture (DA) signed an agreement with the Department of Migrant Workers (DMW) to help millions of overseas Filipino workers find new job opportunities in the country, especially in agriculture and agribusiness. Agriculture Secretary Francisco P. Tiu Laurel, Jr. stated that the...
The fare going from Quezon City to Parañaque City through the Light Rail Transit (LRT) Line 1 Cavite Extension will cost less than jeepneys and bus fares, an official from the Department of Transportation (DOTr) said. During a site visit on Friday, June 7, DOTr Assistant Secretary for Railways...
President Marcos has assured Bicolanos that long-term plans to improve the region's agriculture sector are in place, particularly in Camarines Sur. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) During the distribution of government assistance in Pili, Camarines Sur on Friday, June 7,...
The Department of Finance (DOF) expects the Luzon Economic Corridor project will attract investments that support the vibrant labor market in the Philippines. In a statement on Thursday, June 6, Finance Secretary Ralph G. Recto said that the project focuses on boosting job creation in the...
