Authorities are up against a faceless, far-reaching enemy when it comes to the problem of escalating school violence, which has involved two deadly school shootings in the past two months. This was the takeaway from the House Committee on Appropriations ' budget hearing with the Department of...
The Philippines has secured a $600 million grant (around ₱37 billion) from the United States (US) to expand access to quality healthcare and strengthen the country’s resilience against public health threats. The Department of Finance (DOF) facilitated the non-repayable grant under the Strategic...
President Marcos is moving to abolish 21 state-run companies and has categorized 30 others as non-operational, inactive, or deactivated as the government accelerates efforts to wind down underperforming government entities and trim public spending. Finance Secretary Frederick D. Go said in a DZRH...
President Marcos retains ample fiscal room to expand government borrowing to support infrastructure and development programs, according to his chief economic manager, brushing off concerns over sovereign debt that has climbed to its highest level relative to economic output in more than two...
HD Hyundai Heavy Industries Philippines Inc. launched its first locally constructed vessel from its Subic Bay shipyard, signaling the full-scale operational rollout of the South Korean conglomerate 's shipbuilding operations in the country. The vessel, named Orion Jade, is the first of four...
The World Bank has released an initial $248 million, or over ₱15 billion, from its $1-billion financing for the Philippines to jumpstart the government’s ambitious agriculture modernization program aimed at boosting food production, strengthening climate resilience, and modernizing food supply...
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025. On Thursday, July...
The Marcos administration expects five more state-run companies to join the elite group of top-tier dividend contributors next year, accelerating its push to squeeze non-tax revenues from government entities to fund infrastructure without introducing new taxes. Finance Secretary Frederick D. Go...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has lowered the revenue goal for the Bureau of Internal Revenue (BIR) for this year but raised the target for the Bureau of Customs (BOC), in tandem with the downgraded economic growth outlook. According to data disclosed by...
Eliminating delays in the country’s power-related projects will be the ultimate goal of the proposed $60-million Millennium Challenge Corp. (MCC) threshold program, according to the Department of Finance (DOF), as it will fund the Energy Development Governance Efficiency Project. DOF Secretary...
Dividends collected under President Ferdinand R. Marcos Jr.’s administration have already exceeded half a trillion pesos since mid-2022, 31.2 percent higher than those under the Duterte administration and dwarfing the collections of the two earlier administrations. A government document from...
Department of Finance (DOF) Secretary Frederick D. Go said the government hopes to sign within the year the framework agreement for the first technology hub under the United States (US)-led Pax Silica Initiative, a project anchored by Taiwan’s Foxconn that seeks to establish a high-tech...
