The Department of Finance (DOF) will draw this week $80 million of the World Bank’s standby loan extended to the Philippines to support the national government’s disaster relief and rehabilitation efforts in provinces devastated by Typhoon “Odette.” Finance Secretary Carlos G. Dominguez III...
Odette, the strongest typhoon to hit the Philippines in 2021, has dampened the Philippine government’s overall growth outlook for agriculture sector, which already lost over P3-billion worth due to the typhoon. "The growth outlook is dampened," said Agriculture Secretary William Dar said in a...
The Department of Finance (DOF) has ordered the quick and round-the-clock processing of applications for tax and duty exemptions of donations to communities devastated by Typhoon “Odette.” In response to President Duterte’s directive on expediting relief and rehabilitation efforts in the...
The Department of Finance (DOF) has called on organizations and other stakeholders promoting energy efficiency and conservation initiatives to revisit their current strategy of simply relying on fiscal incentives to implement their “green” projects. In a statement, Finance Secretary Carlos G....
The Department of Finance (DOF) is planning to tap the World Bank disaster response loan to fund the rehabilitation efforts in Typhoon Odette- affected areas. Finance Secretary Carlos G. Dominguez III said they will activate the $500 million in contingency loan from World Bank that the government...
Region III stood out in the recently-concluded four-day 2021 Philippine National Skills Competition (PNSC) of the Technical Education and Skills Development Authority (TESDA), the agency said on Tuesday, Dec. 21. Winners of the 2021 Philippine National Skills Competition (PNSC) of the Technical...
The Department of Finance (DOF) and the Agence Française de Développement (AFD) have signed a loan for disaster risk reduction at the local level, as well as disaster preparedness and response. In a statement on Monday, Dec. 20, the DOF said that the €250 million policy-based loan,...
Asian Development Bank (ADB) has extended P100-million grant, approximately $2 million, to bankroll the Philippine Competitive and Inclusive Agriculture Development Program (CIADP2) to be implemented by the Department of Agriculture (DA). The CIADP2 aims to reduce income inequality by expanding...
Agriculture Secretary William Dar has directed the full implementation of the country's long-overdue National Sardines Management Plan (NSMP), citing declining sardines catch over the years. “We can no longer ignore the critical need to manage our sardine fisheries. This means that all 12...
The United Kingdom (UK) has reaffirmed its support in upholding the 2016 arbitral ruling that favored the Philippines in its maritime dispute with China in the South China Sea. DFA Secretary Teodoro Locsin Jr. and UK Foreign and Commonwealth Development Office (FCDO) Minister of State for Asia and...
Almost 3,000 farmers were affected by typhoon "Odette" following the assessment of damages and losses, which, according to the Department of Agriculture (DA), has so far reached an estimated P 127 million worth of agricultural products. In response, DA Sec. William Dar said the department will be...
Officials of the Department of Public Works and Highways (DPWH) have partnered with the Laguna Lake Development Authority (LLDA) for the improvement of both the lower and middle portions of the Marikina River. The agreement, signed by DPWH Undersecretary Emil K. Sadain, also the Chief Implementer...
