The Iglesia ni Cristo (INC) has urged the Senate to continue its investigation into alleged anomalies in thousands of flood control projects and called on the Independent Commission for Infrastructure (ICI) to make its hearings public to ensure transparency and accountability. INC Executive...
Department of Education (DepEd) Secretary Sonny Angara on Thursday, September 25, announced that Undersecretary Trygve L. Olaivar, who was linked to alleged irregularities in flood control projects, has requested a voluntary leave of absence from his post. “Usec. Olaivar has informed me he will...
Soaring interest payments, especially for debts that piled up to fight the Covid-19 pandemic, may slow down fiscal consolidation or budget-deficit reduction in the Philippines, according to the think tank Oxford Economics. "Because government deficits have ballooned quickly in the last few years, a...
The Philippines has commended the United Nations Security Council for crafting a resolution that underscores the urgent need to address the escalating crisis in Gaza. In a statement on Thursday, June 20, the Department of Foreign Affairs (DFA) said the resolution reaffirms the international...
The Government Service Insurance System (GSIS) and the Philippine Government Employees Association (PGEA) have teamed up to boost awareness of the pension programs. This partnership was solidified through the recent signing of a Memorandum of Understanding (MOU) to establish the GSIS-PGEA Education...
The Marcos administration has again turned to foreign creditors to seek financial support for the national government's budgetary needs. In a notice on Tuesday, May 7, the government announced its issuance of a dual-tranche benchmark-sized US dollar bond, marking the first offshore debt offering by...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
The Philippines has bagged an international award for developing environmental financial products in Japan, the Department of Foreign Affairs (DFA) announced. Ambassador Mylene Garcia-Albano receives the International Award at the 8th Sustainable Finance Awards. Joining here were (from left to...
The Ukrainian government has expressed its appreciation for the Philippine government for its stand on the Ukraine-Russia conflict as it also called on the Filipino community to fight disinformation justifying the ongoing war. Non-resident Ukrainian ambassador to the Philippines Olexander...
The Japanese government on Tuesday announced the signing of a Y687 million (about P308 million) grant aid to the Philippines for the provision of cold chain transport and ancillaries to facilitate the distribution of COVID-19 vaccines to the provinces. Japanese Ambassador to the Philippines...
The Philippines is preparing to welcome Rohingya refugees to the country and develop “complementary pathways” that would allow them to stay until a sustainable and lasting solution to their displacement in Myanmar can be found. Department of Foreign Affairs (DFA) A program to welcome the...
The Philippines on Wednesday joined the international community in expressing “serious deep concern” over the escalation of violence in parts of Jerusalem and the Gaza Strip. Photo shows Israeli air strikes in the Gaza Strip, controlled by the Palestinian Islamist movement Hamas, on May 10,...
