President Marcos’ chief economic manager stated that the national government plans to reduce its foreign borrowings to 10 percent over the medium term, making the domestic borrowings stand at 90 percent. This came after the Department of Finance (DOF) Secretary Ralph G. Recto affirmed the...
The Department of Energy (DOE) granted system impact studies (SIS) to seven renewable energy (RE) projects that will undergo evaluation to determine the power grid's capacity to accommodate new connections. Based on a document posted on the DOE website, the largest project is the 180 megawatt-peak...
Senator Loren Legarda has filed a bill seeking to reinforce the principles of equity and inclusivity in the allocation of the Tertiary Education Subsidy (TES) program. The TES program, which is mandated under Republic Act No. 10931, also known as the Universal Access to Quality Tertiary...
Agriculture Secretary Francisco P. Tiu Laurel Jr. is weeding out not only the bad eggs among agricultural importers but also underperformers in the Department of Agriculture’s (DA) senior management team. Tiu Laurel told reporters last Monday night, Dec. 16, that five more importers — three of...
President Ferdinand “Bongbong” Marcos Jr. can tap over ₱36 billion in unused funds in the Department of Education (DepEd) to augment the agency’s budget after the bicameral conference committee of Congress moved to remove its ₱10 billion request for a computerization program. Senate...
President Marcos has inaugurated a one-stop shop for overseas Filipino workers (OFWs) which aims to assist them in various services starting from their departure to their return to the country. Marcos led the opening of the Department of Migrant Workers' (DMW) Bagong Pilipinas One-Stop OFW AKSYON...
A Philippine Navy (PN) personnel aboard BRP Jose Rizal (FF-150) observes JMSDF destroyer JS Sazanami (DD 113) during the first Philippines-Japan maritime cooperative activity in the West Philippine Sea (WPS) on Aug. 2, 2024. (Photo: AFP) The Department of National Defense (DND) welcomed Tuesday,...
The Department of Trade and Industry (DTI) is establishing the National Halal Industry and Trade Office (NHIDO) to position the Philippines as a leading player in the global Halal industry by next year. In a statement, DTI-Halal Industry and Trade Office Program Manager Dimnatang M. Radia said the...
With a flurry of initiatives lined up for next year, the Department of Agriculture (DA) shall seek exemptions from the forthcoming election ban on public spending to ensure that projects won't stop nor delay implementation. Agriculture Secretary Francisco P. Tiu Laurel Jr. told Manila Bulletin on...
The Department of Tourism (DOT) has adopted the 2024-2028 National Ecotourism Strategy and Action Plan (NESAP) in a bid to position the Philippines as a leading tourism destination in Asia in the coming years. Speaking at the Tourism Stakeholders' Summit in Pasay City on Dec. 16, DOT Secretary...
After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector. According to a highly placed source, this will be through a prospective merger and acquisition (M&A) deal with one of the...
President Marcos made an assurance that they are working to restore the P10-billion cut in the proposed budget for the Department of Education (DepEd). President Ferdinand 'Bongbong' Marcos Jr. (MANILA BULLETIN | Mark Balmores) Marcos also tagged the budget cut as contradictory to the policy...
