The Philippines and Indonesia have formed a new partnership establishing an Energy Transition Mechanism (ETM), the first of its kind in Asia and the Pacific, the Asian Development Bank (ADB) said. At the COP26 in Glasgow, ADB President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani...
The Duterte administration will amend the the implementing rules and regulations (IRR) of the build-operate-transfer (BOT) law to remove the “onerous,” “excessive,” and “undue” terms, the National Economic and Development Authority (NEDA) said. In a statement, the NEDA said on Tuesday,...
With the Holiday Season coming, the Department of Agriculture has expressed confidence in having enough food supply for consumers. DA Undersecretary Ariel Cayanan said that there is no reason to worry regarding supply, as consumers normally buy more during the week between Christmas Day and the New...
The Philippines incurred billions of pesos in losses due to climate-related hazards in over a decade despite contributing only a meager to global greenhouse gas emissions. The Department of Finance (DOF) revealed Tuesday, Nov. 2, 2021, that extreme weather driven by climate change cost the...
The Federation of Free Farmers (FFF) urged the Senate to defer the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement pending the conduct of consultations with farmers. 42933 In a statement, the FFF pointed out that the Department of Agriculture (DA) has not...
Economic recovery is “not a horse race” among Asian peers, the Department of Finance (DOF) clarified after a number of analysts anticipated that the Philippines may likely become the last country in region to regain its pre-pandemic growth level. “I don't watch the projections for the...
The Department of Public Works and Highway (DPWH) has completed the five-storey multi-purpose building of the Philippine National Police (PNP) at Camp Crame in Quezon City. DPWH Secretary Roger G. Mercado marches with PNP Deputy Chief for Administration Police Lieutenant General Joselito M. Vera...
President Duterte has appointed Bernie Cruz as the new head of the Department of Agrarian Reform (DAR). Cruz, DAR's undersecretary for Foreign Assisted and Special Projects Office, replaced John Castrictiones, who resigned from his post for his aspiration to become a senator under the ruling...
More than three-fourths of the country’s economy remain under heightened restrictions, the National Economic and Development Authority (NEDA) said, warning this prolonged-quarantine period will not come without consequences on future generations. Since the onset of COVID-19 pandemic in March last...
Finance Secretary Carlos G. Dominguez III will represent the Philippines at the global climate action talks and negotiations, also known as 26th Conference of Parties (COP26) of the United Nations Framework Convention on Climate Change, in Glasgow, Scotland next week. Delegates from almost 200...
The National Economic and Development Authority (NEDA) said that allowing businesses to fully operate is a more sustainable approach than providing government subsidies to sectors that lost their income as result of the prolonged lockdowns. Socioeconomic Planning Secretary Karl Kendrick T. Chua...
Anticipating the adverse effect on hundreds of families by the government’s flood mitigation project in Cavite Economic Zone, the Department of Public Works and Highways (DPWH) has finalized a planned construction of housing units with the National Housing Authority (NHA) in the province....
