The Department of Finance (DOF) has appointed a new chief economist and two undersecretaries to lead fiscal policy formulation and revenue operations. Charlito Martin R. Mendoza will now be the undersecretary for the Revenue Operations Group (ROG), while Domini S. Velasquez has been appointed as...
NEW YORK — Cyberattacks on businesses are rising, including small businesses. It's a troubling trend because a breach can be very costly and time consuming if owners don't have a plan to deal with one. According to the Verizon 2023 Data Breach Investigations Report, the median cost per...
While many other power plants fail to deliver during this year’s El Nino-stricken weather temperatures, solar plants have been thriving as ‘powerhouse solution’ in shielding consumers from the wrath of unwanted blackouts or power service interruptions. Rotational brownouts would typically...
The Department of Labor and Employment (DOLE) has expressed its commitment to the UN’s Global Accelerator program in helping facilitate equitable transitions towards meeting the sustainable development goals (SDGs). The Global Accelerator initiative by the United Nations aims to promote a...
While Filipinos are being crippled by the stifling heat of summer, parts of Luzon grid descended into unwanted brownouts or services interruptions due to the prolonged forced outages of power plants and aggravated by the tripping of one major transmission line on Tuesday. In the franchise area of...
The Department of Agriculture (DA) said the government plans to construct solar-powered cold storage facilities in Occidental Mindoro to soften the impact of the power crisis in the province. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said that they are collaborating with the Department of...
The Philippines is keen on hosting the Loss and Damage Fund (LDF) Board to secure increased climate financing and wider opportunities for cooperation to effectively tackle the impacts of climate change. In a statement on Tuesday, April 23, Finance Secretary Ralph G. Recto announced that President...
As the government cannot provide viable ‘quick fixes’ to the country’s shaky power supply situation, Luzon grid will have to increase its dependency on the interruptible load program (ILP) which is underpinned by the switch-on of generating sets (gensets) of big-ticket customers that are...
The Department of Budget and Management (DBM) urged the Department of Health (DOH) to fast-track the disbursement of the P91.3 billion funds for public health emergency benefits and allowances of healthcare workers. Budget Secretary Amenah F. Pangandaman said the DBM has so far released over P91...
Senator Risa Hontiveros on Tuesday, April 23 urged the Department of Energy (DOE) to deliver a lastong solution to the recurrent power outages hitting the country during summer season. Hontiveros made the call as electricity demand increased during the summer months and forced the National Grid...
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
The Department of Science and Technology (DOST), in a statement on Monday, April 22, handed over a P17-million smart city project that seeks to utilize data science and artificial intelligence (AI) to transform Baguio City into a smart city. (Baguio City Mayor Magalong and DOST Secretary Solidum...
