The Japan International Cooperation Agency (JICA) approved the fourth and final tranche of its standby loan, which will be used in the Philippines’ post-pandemic recovery programs, the Department of Finance (DOF) announced. JICA In a statement, Finance Secretary Carlos G. Dominguez III said the...
The government’s chief economic manager said the two-week enhanced community quarantine (ECQ) has been a big achievement for the country’s inoculation program despite the sustained surge in infections. COVID-19 vaccine Finance Secretary Carlos G. Dominguez III said Friday, August 20, that the...
The Philippines is banking on techology-savvy, young agripreneurs in the regional effort to advance food security undertakings amid the coronavirus disease (COVID-19) pandemic. FARMERS GO DIGITAL--A farmer-youth tandem completes the hands-on activity on smartphone familiarization under the Digital...
Some 600 local farmers from a village in Kabankalan City, Negros Occidental will no longer have to deal with muddy trips while transporting their produce to market centers. WHAT MUDDY ROAD?--A farm-to-market road in Barangay Hilamonan in Kabankalan City, Negros Occidental was recently paved with...
Regular sessions in the House of Representatives will resume Monday, August 23, the expected date for the submission by the Duterte administration of the proposed 2022 national budget of P5.024 trillion, the highest in the country's history. House of Representatives4 In a memorandum issued by...
The modified tariff rates on imported pork products and rice have resulted in foregone revenues for the government, but the Department of Finance (DOF) said the economic benefits far outweigh the costs. Peso Finance Undersecretary Antonette C. Tionko said the government is projected to lose P5.4...
After being flagged by Commission on Audit (COA) for underutilization of funds and accounting irregularities, the Department of Agriculture (DA) is now strategizing to fully utilize its budget for this year. Agriculture Secretary William Dar (Photo courtesy of Malacañang) At the same time, the DA...
In just a year, the Philippines posted an "impressive rate of growth" in terms of internet speeds and government said it will ensure that the upward trajectory continues in the coming months. 1200px-Department_of_Information_and_Communications_Technology_(DICT).svg Department of Information and...
Department of Agriculture (DA) Secretary William Dar asserted that no irregularities were committed despite the recent findings of state auditors on the alleged non-utilization of the P9.8-billion fund intended for farmers. Agriculture Secretary William Dar (Photo courtesy of Malacañang) "We...
Global merchandise trade hits record high, confirming the strength of trade recovery from the shock of the COVID-19 pandemic, although the new waves of infection could easily undermine recovery, according to the latest World Trade Organization's (WTO) latest Global Trade Barometer. WTO The Goods...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
The Philippine Health Insurance Corp., commonly known as PhilHealth, may need to revise its coverage as the state-run company struggles to pay off its debt, the government’s chief economic manager said. PhilHealth Finance Secretary Carlos G. Dominguez III said that PhilHealth’s massive spending...
