The Department of Trade and Industry (DTI) has implemented a price freeze on essential commodities in Metro Manila after the state of calamity was declared due to Typhoon Carina and the southwest monsoon. Trade Secretary Alfredo E. Pascual said on Wednesday, July 24, that the immediate...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) A top official of the Department of Labor and Employment (DOLE) confirmed to a House of Representatives joint panel that foreign nationals engaged in Philippine Offshore...
The Green Climate Fund (GCF) board approved $1 billion worth of climate adaptation and mitigation projects, including a project that will empower entrepreneurs to promote climate-resilient development. During its 39th Board Meeting in Incheon, Korea, from July 13 to 18, the GCF approved 17 funding...
The national government plans to borrow $500 million to support the relief and recovery efforts for areas impacted by Typhoon Carina, the Department of Finance (DOF) said. Finance Secretary Ralph G. Recto announced that DOF is preparing to utilize the standby credit line provided to the Philippines...
Department of Health Secretary Teodoro Herbosa (Screengrab from PTV) To further enhance healthcare accessibility across the country, the Department of Health (DOH) on Tuesday, July 23 announced its plans to procure additional mobile clinics following the successful distribution of initial units....
Finance Secretary Ralph G. Recto said the government’s non-tax revenues are projected to increase by twofold this year due to remittances from government-owned and controlled corporations (GOCCs). Speaking at the post-SONA discussion, Recto remained firm that the government is on track to hit...
The government is providing P42 billion to the country’s irrigation infrastructure to boost the agriculture sector and ensure food security, the Department of Budget and Management (DBM) said. During a post-SONA briefing, Budget Secretary Amenah F. Pangandaman stated that the allocation to the...
The Department of Agriculture (DA) stated that President Marcos' move to lower rice import tariffs is not causing an increase in the country's rice imports. Agriculture Secretary Francisco P. Tiu Laurel Jr. said that rice importation is demand-driven, emphasizing that the Philippines would not...
The Department of Budget and Management (DBM) plans to allocate approximately P10 billion next year for government employees' medical allowances. Budget Secretary Amenah F. Pangandaman said that a total of P9.5 billion had been earmarked for the Miscellaneous Personnel Benefits Fund (MPBF) in...
The Department of Finance (DOF) said that the remittance of P89.9 billion in unused funds from the Philippine Health Insurance Corp. (PhilHealth) is projected to boost economic growth by 0.8 percentage points. Finance Secretary Ralph G. Recto said at the Post-State of the Nation Address...
President Marcos’ chief economic manager stated that achieving single-digit poverty incidence among Filipinos may happen sooner than expected. Finance Secretary Ralph G. Recto said last year's poverty rate, which better the target, was "very encouraging," given that it is also lower than...
The Department of Budget and Management has allocated P106 billion to support President Marcos' directive to increase the salaries of government employees. Budget Secretary Amenah F. Pangandaman said that DBM has set aside P36 billion for the current year and an additional P70 billion for the...
