The Department of Finance (DOF) announced that the national government plans to borrow from small Filipino investors in the first three months of the year to cover its budget shortfall. In statement on Friday, Jan. 19, the DOF has stated that the Bureau of the Treasury is preparing to issue another...
The feed-in-tariff allowance (FIT-All) fund is seen teetering on deficit by February billing, hence, that prompted the Energy Regulatory Commission (ERC) to re-impose next month the collection of the P0.0364 per kilowatt hour (kWh) subsidy for the qualified renewable energy (RE) projects. “As the...
Finance Secretary Ralph G. Recto has urged Congress to work with the Department of Finance (DOF) to quickly pass key reforms necessary to lower the government’ budget deficit and debt levels. Recto, who served as a legislator in both the upper and lower houses, said that the DOF is currently...
DMW Officer-in-Charge Hans Leo J. Cacdac and DOT Secretary Christina Garcia Frasco sign an agreement under the Balik Bayani sa Turismo that will provide free trainings for OFWs who woulkd decide to return back to the country for good. (photo: DMW) The Department of Migrant Workers...
The Department of Agriculture (DA) temporarily banned the importation of poultry products from Japan after the outbreak of avian influenza. In a statement on Thursday, Jan. 18, the DA said it issued a memorandum to block Japanese poultry like eggs, day-old chicks, and other products until further...
The Department of Labor and Employment (DOLE) has committed to provide at least P30,000 worth of in-kind assistance for jeepney drivers affected by the Public Utility Vehicle Modernization Program (PUVMP). DOLE Secretary Bienvenido E. Laguesma said the livelihood initiative refers to the...
Filipino-led Citicore Renewable Energy Corporation (CREC) will fork out P35 billion worth of capital expenditures (capex) for this year, primarily to advance the completion and commercial operations of the first batch of its gigawatt-scale solar installations. In an interview with the media, CREC...
The Department of Science and Technology (DOST) has highlighted its various innovative programs that help improve the livelihoods of Mindanao residents. (DOST) In an interview with Bagong Pilipinas Ngayon on Thursday, Jan. 18, DOST Undersecretary Leah Buendia said one of the several programs the...
The Department of Finance (DOF) has reported that the law providing tax relief for eligible companies has resulted in the creation of over 100,000 jobs for Filipinos since its implementation two years ago. Data from the DOF showed that total approved investments under the Corporate Recovery and Tax...
The government is partnering with the Asian Development Bank (ADB) on the rightsizing and a public financial management (PFM) institute for local agencies, the Department of Budget and Management said. Budget Secretary Amenah F. Pangandaman said that ADB has been aiding the government in passing...
The Department of Budget and Management (DBM) is set to release all special allotment release orders (SAROs) for 2024 this week as well as the excess releases from last year in a bid to expedite state agencies’ utilization. During an interview, Budget Secretary Amenah F. Pangandaman said that it...
Funds intended for the emergency employment of poor Filipinos cannot be used for the ongoing signature campaign for the Charter change, Department of Labor and Employment (DOLE) Secretary Bienvenido E. Laguesma said. The statement was issued in response to reports that access to government...
