The Department of Budget and Management (DBM) said President Marcos has approved the release of a one-time Service Recognition Incentive (SRI) to qualified government workers ahead of the holiday celebrations. In a statement, Budget Secretary Amenah F. Pangandaman said on Monday, Dec. 19, that the...
The National Economic and Development Authority (NEDA) has called for a swift enactment of the planned sovereign wealth fund to enhance the newly approved blueprint for the socioeconomic development of the country. Socioeconomic Planning Secretary Arsenio M. Balisacan said the proposed Maharlika...
The Department of the Interior and Local Government (DILG) urged the local government units (LGUs) on Monday, Dec. 19, to take some measures that will encourage their constituents to support the newly-enacted Republic Act (RA) No. 11934, or the Subscriber Identity Module (SIM) Registration Act. The...
The government approved the country’s blueprint for socioeconomic development over the medium term, and extended the tariff reduction on key commodities until next year, the National Economic and Development Authority (NEDA) said. In a statement, Socioeconomic Planning Secretary Arsenio M....
The Department of Finance (DOF) said the government received strong interest among European-based businesses to invest or explore joint ventures in the Philippines. In a statement, Finance Secretary Benjamin E. Diokno said these EU-based companies are engaged in renewable energy generation,...
AVANT GARDENER Yvette Tan The Department of Environment and Natural Resources (DENR) plays an important role in regulating the country’s natural resources, which includes agroforestry. DENR Secretary Maria Antonia “Toni” Yulo Loyzaga outlines the department’s thrust: Ethical stewardship....
Former Socioeconomic Planning Secretary Ernesto M. Pernia categorically said that the planned Maharlika Wealth Fund is “not wise.” In a radio interview, Pernia said that before proceeding with the Maharlika, there must be clear assessment as to where the economy stands at present. He urged the...
Go Negosyo founder Joey Concepcion has lauded Trade Secretary Alfredo Pascual for his support to the country’s micro, small and medium enterprises (MSMEs) and his role in promoting public-private sector partnerships and investments that promise more jobs for Filipinos. Go Negosyo founder Joey...
The Department of Finance (DOF) has requested President Marcos to certify the bill establishing the Maharlika Investment Fund (MIF) as urgent, documents revealed. In a letter dated Dec. 13, 2022 signed by Finance Secretary Benjamin Diokno, the government’s chief economic manager wants to...
A total of 352 local government units (LGUs) will receive almost P2 billion to fund their respective development projects, the Department of the Interior and Local Government (DILG) disclosed on Thursday, Dec. 15. In a statement, the DILG said the P1.961 billion that will be distributed to the...
Confusion reigned again over the leadership at the Philippine Economic Zone Authority (PEZA). Early on Wednesday, Dec. 14, designated PEZA OIC Deputy Director General Tereso O. Panga forwarded his message to PEZA personnel to beat reporters informing them of his replacement. “The Secretary (DTI...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
