Foreign Affairs Secretary Teodoro Locsin Jr. and Japanese Ambassador to the Philippines Koshikawa Kazuhiko formalized the P289.6 million worth of grant aid—P204 million for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and P85.6 million for the Philippine Coast Guard (PCG)—under...
Japan’s financial support to the Philippines during the Duterte administration’s nation-building programs surpassed the amount committed by former Japanese Prime Minister Shinzo Abe five-years ago, the Department of Finance (DOF) said. According to the DOF, Japan, the Philippines’ biggest...
The House of Representatives has unanimously approved on third and final reading a bill that will help guarantee the effectiveness of loans secured by government under the Official Development Assistance. Infrastructure project Principally authored by Makabayan lawmakers, House Bill 10322 was...
The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
Japanese Ambassador to the Philippines Koshikawa Kazuhiko on Thursday led the inauguration of the Imus Retarding Basin, a project designed to protect low-lying areas in Cavite against flooding. 65th-year anniversary logo of Japan-Philippines ties (Embassy of Japan in Manila) Public Works Secretary...
Government programs that sought to address the 2019 coronavirus disease (COVID-19) pandemic ‘contributed greatly to the net increase” of P472.572 billion in the country’s external debt in 2020, the Commission on Audit (COA) has revealed. COVID 19 tests In its 2020 Consolidated Audit Report on...
The government’s chief economic manager said he is “happy” with the implementation of the China-funded projects that the country received since President Duterte took the reins of power more than five-years ago. Despite skepticism about Chinese loans, Finance Secretary Carlos G. Dominguez III...
The Philippines and Japan on Tuesday, (July 27) formally signed an additional P116-billion (JPY253 billion) loan package to finance the building of the country’s first underground railway. Foreign Affairs Secretary Teodoro Locsin, Jr. and Japan Ambassador to the Philippines Koshikawa Kazuhiko...
The first of two 94-meter multi-role response vessels (MMRVs) which the Department of Transportation (DOTr) acquired for the Philippine Coast Guard (PCG) under a P6.7 billion contract with Mitsubishi Shipbuilding Co. Ltd. was launched Monday, July 26, 2021 at the latter's shipyard in Japan. The two...
Senator Risa Hontiveros on Monday, May 17, said Malacañang should stop trumpeting China’s aid and development assistance to the Philippines, saying the country doesn’t owe a huge debt of gratitude to Beijing. Senator Risa Hontiveros (Senate PRIB/MANILA BULLETIN File photo) Hontiveros said...
The Duterte administration has borrowed P741.59 billion from foreign creditors last year for the country’s coronavirus response, the Department of Finance (DOF) said. Data from the DOF’s International Finance Group (IFG) showed that the government has contracted a total of $17.06 billion,...
The Asian Development Bank’s (ADB) has earmarked $9.4 billion in sovereign lending to the Philippines for the next three-years to help the government revitalize the economy amid the coronavirus disease pandemic. In a statement, the Manila-based multilateral institution, said that at least...
