The House of Representatives is fast-tracking its legislative response to the problem of elevated fuel costs, with the all-encompassing measure expected to be ready once Congress resumes session on May 4. Such was the commitment of the Legislative Energy Action Development (LEAD) Council, a...
The Private Sector Advisory Council (PSAC) is recommending the restart of temporarily shelved infrastructure projects and other measures to help cushion the impact of the Middle East crisis on the economy. PSAC said it is critical that the government implement measures to protect jobs and sustain...
The 13-committee House Legislative Energy Action Development (LEAD) Council must also provide ample attention to the problem of rising unemployment in the country. Thus, said Cavite 1st district Rep. Jolo Revilla, who cited the latest Philippine Statistics Authority (PSA) data which showed renewed...
Economic managers have suggested before congressmen a 20 percent reduction in non-essential maintenance and operating expenses (MOOE) as part of a calibrated response to elevated fuel costs that may lead to faster inflation and slower economic growth. This was floated during the first hearing of...
House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
Murang Kuryente Party-list Rep. Arthur Yap has suggested what he described as a "more intelligent" use of the Maharlika Investment Fund (MIF) amid the economic hardships that the country is going through due to the fuel price crisis. Yap made this pitch during the first marathon hearing of the...
The House of Representatives took the first hearing of 13-committee Legislative Energy Action Development (LEAD) Council very seriously. An unheard of 170 out of the 318 members of the lower chamber was listed as the peak attendance of the energy crisis council hearing around noon Wednesday, April...
The Philippines, through the National Maritime Council (NMC), condemned the multiple incidents of dangerous maneuvers and harassment by Chinese vessels against Filipino fisherfolk and ships in the West Philippine Sea (WPS). "The National Maritime Council (NMC) strongly condemns the recent...
The government is now one step away from imposing a price ceiling of ₱50 per kilo on imported rice after the proposed policy received the recommendation of the interagency National Price Coordinating Council (NPCC). In a statement on Thursday, March 26, NPCC said it is adopting the Department of...
The Anti-Money Laundering Council (AMLC), the Philippine financial intelligence unit, has begun searching for its next executive director as Matthew David prepares to step down and seek another position within the Bangko Sentral ng Pilipinas (BSP). David led several asset freezes and seizures...
President Marcos has ordered the acceleration of the long-delayed rehabilitation of Marawi City and key infrastructure projects, including the Unified Grand Central Station, following updates presented during the eighth meeting of the Economy and Development Council. In a statement on Sunday, March...
Senator Loren Legarda called for stronger action against human trafficking, as she linked the protection of victims—particularly women and girls—to broader efforts in women’s empowerment. Legarda also stressed the need for reforms that uphold survivors’ dignity and security. “This...
