SM Supermalls and the Department of Trade and Industry (DTI) have joined forces to create a beacon of hope for Micro-, Small, and Medium Enterprises (MSMEs) affected by Typhoon Carina. The DTI-SM MSME Calamity Recovery Care Center offers a comprehensive suite of services designed to help businesses...
President Marcos’ chief economic manager stated that the substantial rise in consumer prices in July was temporary and is expected to align with the government’s target range in the coming months. Finance Secretary Ralph G. Recto said in a statement that the 4.4 percent inflation rate recorded...
President Marcos’ chief economic manager is confident that the country can uplift approximately 2.5 million poor Filipinos annually, given sustained economic growth of at least six percent bolstered by government borrowings. Finance Secretary Ralph G. Recto is optimistic about achieving a...
The Department of Budget and Management has approved the release of an additional P5 billion to the Pantawid Pamilyang Pilipino Program (4Ps). These approved funds will be used to cover the 703,888 4Ps household beneficiaries, which were sourced from the Fiscal Year (FY) 2023 Continuing...
The Department of Energy (DOE) is batting for an issuance of system impact study (SIS) for power projects that shall be shorter than three months, so the country can further speed up developments in the renewable energy (RE) sector. According to Energy Secretary Raphael P. M. Lotilla, the length of...
The proliferation of fraudulently-issued government documents could negatively impact Philippine-issued passports in the international community, Senator Alan Peter Cayetano warned on Monday, August 5. Cayetano pointed this out as he questioned the reliability of the country’s...
Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo Loyzaga said on Monday, August 5, that the Philippines can reach out to more experts on climate change to address challenges such as flooding now that it's a host to the United Nations’ Loss and Damage Fund (LDF)...
The Department of Finance (DOF) announced that the national government's interest payments are expected to surge by double digits next year due to refinancing of loans obtained during the pandemic. Finance Secretary Ralph G. Recto said on Monday, Aug. 5, that the government expects an 11 percent...
Motorists will have another week of just slightly happy drive to the pumps this week as the price of diesel products will be on rollback by marginal P0.20 per liter; while gasoline prices will be reduced by a token P0.10 per liter. Additionally, kerosene products will be slashed by relatively...
EMBARGO FOR MONDAY The Japan International Cooperation Agency (JICA) is being engaged by the Philippine government to undertake updated inventory of the prospective sites for new hydropower developments in the country, according to the Department of Energy. In a statement to the media, the DOE...
The Department of Finance (DOF) is projecting an uptick in revenues from "sin" products next year, driven by increased collections from alcoholic beverages. Data from the DOF showed that excise tax collections from tobacco and alcohol are estimated to reach P278.97 billion in 2025, an eight percent...
DepEd Secretary Sonny Angara (Facebook) Newly-installed Department of Education (DepEd) Secretary Juan Edgardo "Sonny" Angara is expected to have no trouble at all during his confirmation hearing before the Commission on Appointments (CA) this...
