Energy Secretary Alfonso G. Cusi As the government is keen on evaluating the joint venture deal proposed by Davao businessman Dennis A. Uy, Energy Secretary Alfonso G. Cusi indicated that they will start studying the ‘buyout proposal’ for the 45-percent majority interest of Shell Philippines...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
The Department of Transportation (DOTr) and the Philippine National Railways (PNR) this Sunday (Sept 27) awarded the three remaining civil works contract packages for the P51 Billion Clark Phase 2 project - the Malolos-Clark extension of the North-South Commuter Railway System. The award of the...
Finance Secretary Carlos G. Dominguez III has urged the raffle winners of the small investor-targeted Premyo bonds to consider using their cash rewards to reinvest in government debt securities or start their own small businesses and help create jobs. Finance Secretary Carlos G....
The Department of Energy (DOE) has started awarding the last batch of degressed feed-in-tariff (FIT) incentives to qualified biomass and run-of-river hydropower projects that reached commercial operations on the prescribed cut-off date last year. Energy Secretary Alfonso G. Cusi The recent round of...
American energy giant Chevron Corporation packed its bags out of the country early this year after finalizing the sale of its 45% stake in Malampaya to Filipino businessman Dennis Uy. Previous to this, data from the Petroleum Association of the Philippines showed an exodus of deep-pocketed...
The exodus of Philippine offshore gaming operations (POGOs) to affect government tax revenues from the real-estate sector and other businesses, the Department of Finance (DOF) said yesterday. Finance Secretary Carlos G. Dominguez III said during a virtual Senate hearing yesterday that he received...
Agriculture Secretary William Dar has assured the Food and Agriculture Organization (FAO), a specialized agency of the United Nations leading global efforts to defeat hunger in developing countries like the Philippines, that there's nothing to worry about the country despite the COVID-19 pandemic....
The gnawing coronavirus pandemic we’re wrestling with puts in view the fragility of any country – the crisis stirred up extreme socio-economic conundrum that will push not just government leaders but also the citizens to re-think policies and life choices moving forward. In the Philippines, the...
The Bureau of Customs further stepped up its campaign against rice smuggling even amid the coronavirus pandemic by conducting raids on warehouses suspected of storing illegally imported stocks of the grain in response to reports by concerned citizens. Customs Commissioner Rey Leonardo...
About P400 million budget will be set aside for the Philippine government’s program to encourage Filipino households to plant their own food program, the Department of Agriculture (DA) said. In a statement, the DA said it is allotting P400 million under the “Bayanihan to Recover As One Act”...
An animal disease laboratory in Tarlac City funded by the United States government is now operational, and should help the Philippine government provide an accurate diagnosis of major animal diseases, prevent its spread, and ultimately protect the livestock and poultry industries in Central...
