Buhawind Energy Philippines (BEP) has been awarded the green lane certification by the Board of Investments (BOI) for its three offshore wind power projects with a combined target capacity of 4,000 gigawatts (GW). In a statement on Wednesday, Nov. 20, the BOI said the certification was granted due...
Philippine Airlines (PAL) will be equipping its aircraft with locally-made main cabin seats produced by Collins Aerospace, marking the first time the flag carrier will use Filipino-made seating. In a statement on Friday, Nov. 15, the Board of Investments (BOI) said this milestone between PAL and...
Senator Ramon “Bong” Revilla Jr. has urged the government not to leave employees of the Optical Media Board (OMB) in limbo. During the Senate’s hearing on the proposed budget of the OMB for 2025, OMB’s primary function was put into question after Senate President Pro Tempore Jinggoy...
President Marcos has given the Philippine Coast Guard (PCG) the green light to acquire 40 fast patrol craft (FPCs) from France as part of his administration's initiative to enhance maritime security by upgrading the PCG's capabilities. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang file...
Senator Raffy Tulfo told the Land Transportation Office (LTO) and the Land Transportation Franchising Regulatory Board (LTFRB) to give only one week to all Metro Manila bus terminals to fix their violations for strict compliance. (Office of Senator Raffy Tulfo photo) He said this following a...
The Philippines, the United States, and Japan have further enhanced their economic cooperation by promoting resiliency amid pressing global trade challenges. In a related development, American agricultural producers have expressed hopes that Manila and Washington could forge a free trade agreement...
The Department of Health (DOH) on Friday, Oct. 18, welcomed the National Economic and Development Authority (NEDA) Board's approval of its P27.9 billion health resiliency project. (DOH) In a statement, the DOH said it received NEDA’s approval on Oct. 16 for two major health sector initiatives:...
Senator Mark Villar has underscored anew the need for stiffer measures against online piracy, noting that most of the illegal activities related to piracy are now conducted online. Villar said this during the budget deliberations of the Optical Media Board (OMB). He explained that the technological...
President Marcos has approved the Mindanao Transport Connectivity Improvement Project (MTCIP), ordering implementing agencies to "proceed with the project" as much as possible. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos made the approval during the 21st...
The Monetary Board (MB) has announced a second reduction in policy rates by 25 basis points for 2024 while noting that it will “maintain a measured approach in its easing cycle.” In a statement, the Bangko Sentral ng Pilipinas said the MB decided to reduce the Target Reverse Repurchase (RRP)...
As the holiday season approaches, Filipinos are gearing up for travel adventures, with Singapore emerging as the top destination of choice. According to a recent survey by Visa, 38 percent of Filipino travelers have visited the city-state in the past year. “Its close proximity to the Philippines,...
The Board of Investments (BOI) and the Korea Trade-Investment Promotion Agency (KOTRA) have formalized their partnership to strengthen bilateral trade and investment ties between Manila and Seoul. In a Memorandum of Understanding (MOU) signed on Oct. 7, 2024, the two agencies committed to jointly...
