UN Secretary-General António Guterres As the world marks the fifth anniversary of the adoption of the landmark Paris Agreement on Climate Change, a promising movement for carbon neutrality is taking shape. By next month, countries representing more than 65 percent of harmful greenhouse gasses...
(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
Climate-related challenges remain formidable threats to the Philippines’ gradual recovery from the prolonged coronavirus pandemic, the Department of Finance (DOF) said. Speaking at a virtual World Bank forum, Finance Secretary Carlos G. Dominguez III acknowledged the urgency of implementing...
After three strong typhoons, the Philippines’ palay production for this year will no longer reach 20 million metric tons (MT) like what the Department of Agriculture (DA) was originally aiming for. For the last quarter of 2020, rice production is expected to reach 7.42 million MT, bringing this...
PILIPINAS KONTRA GUTOM Lahat Kasali. Lahat Kasalo. Cabinet Secretary Karlo Nograles On November 10, I joined members of the private sector to launch a movement called Pilipinas Kontra Gutom, a multi-sectoral movement involving the government, the academe, non-profit organizations, and some of the...
Filipino consumers will need to brace for increase in diesel prices next week that may range from P0.35 to P0.45 per liter; while kerosene prices may go up from P0.20 to P0.30 per liter. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) For gasoline products, based on the initial calculation of the oil...
The Department of Finance (DOF) challenged the Climate Change Commission (CCC) to call for justice before the international community as the Philippines continues to bear the devastating impact of global warming. Even the Philippines is among the world’s lowest emitters of greenhouse gases,...
The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
The Philippines’ fiscal response is on track to support the economy, but the government needs to address the stagnant consumer confidence that places a drag on the pace of the nation’s recovery, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the country’s...
The International Air Transport Association (IATA) last night (Nov 16) released its guidance to ensure that the air cargo industry can support the large-scale handling, transport and distribution of COVID-19 vaccine. IATA’s Guidance for Vaccine and Pharmaceutical Logistics and Distribution...
Finance Secretary Carlos G. Dominguez III said they are evaluating this year’s national budget to determine whether there is need to augment it to help the victims of the recent typhoons that ravaged Luzon and parts of the Visayas. “We are in the process of evaluating the damage of the series...
The Department of Finance (DOF) has extended the payment of all local taxes, fees and charges imposed by local government units (LGUs) until mid-December to ease the burden on individuals and businesses affected by the community quarantines. In a statement, Finance Secretary Carlos G. Dominguez III...
