The Department of Finance (DOF) said the government can now better manage the skyrocketing consumer prices following President Marcos’ order extending the reduced import duties on key commodities. In a statement, Finance Secretary Benjamin E. Diokno welcomed the extension of the low Most Favoured...
The conduct of random drug test in all the 478 jail facilities it runs is how the Bureau of Jail Management and Penology (BJMP) is supporting the government's anti-illegal drugs campaign. BJMP chief Jail Director Allan Iral said they maintain close coordination with the Philippine Drug Enforcement...
The government has decided to upgrade existing facilities and replace affected equipment as the "immediate course of action" after its Air Traffic Management (ATM) system broke down on New Year's Day, affecting some 361 flights and stranding 65,000 passengers at the Ninoy Aquino International...
The government will build the next Tourist Rest Area (TRA) in Bohol to provide convenience to the growing number of tourists visiting the island province, which is home to the world-renowned Chocolate Hills and one of the world’s smallest primate – the tarsiers. Tourism Secretary Christina...
The country’s 2022 tourism industry generated P208.96 billion ($3.68 billion) in revenues, a whopping 2,465 percent increase from 2021, with 2.65 million international visitor arrivals as of end this year and setting the stage for a more vibrant 2023, the Department of Tourism reported. In a...
2023 budget to address immediate concerns—DBM By Chino S. Leyco The spending priorities of the Marcos administration’s first national budget for the new year, amounting to P5.268 trillion, is the starting point of the eight-point socioeconomic agenda in the near term. This aims to address the...
President Ferdinand “Bongbong” Marcos Jr. has appointed two personalities to be part of the executives of the Office of the Press Secretary (OPS). Cherbett Karen Maralit is designated undersecretary while Francisco Rodriguez III is designated as the assistant secretary of the OPS. Maralit was...
The Department of Trade and Industry's (DTI) price monitoring and enforcement teams now include red onions in their regular inspection of items covered by the suggested retail prices (SRP). DTI Secretary Alfredo E. Pascual fielded the agency's price monitoring teams beginning on Dec. 30, 2022 to...
The Philippines, which suffers huge trade deficit against China, has the potential to expand exports by an additional $14.1 billion in the next few years from the current $11.55 billion level as it courts Chinese manufacturers, particularly in steel, green metals, electric vehicles, agriculture and...
As the world teeters on the brink of another recession, the Department of Finance (DOF) assured that the Philippine would weather the looming sharp contraction in global economic output next year. Finance Secretary Benjamin E. Diokno said the Philippines has the adequate buffers against external...
The chief economic manager of President Ferdinand R. Marcos Jr. lauded Congress for the early passage of the 2023 national budget as it plays a critical role in fueling optimism over next year’s growth prospects. Finance Secretary Benjamin E. Diokno said the swift enactment of the 2023 General...
The Department of Trade and Industry (DTI) reported an all-time high business name (BN) registration in 2022 at 932,097, surpassing the previous record at 916,164 in 2020. According to the DTI, there were 827,491 new BNs registered this year accounting for 88.8 percent of overall registrations....
