Department of Finance (DOF) Secretary Ralph Recto on Tuesday, Oct. 14, said the Philippine economy may experience a temporary slowdown in the latter half of 2025 due to ongoing government reforms meant to ensure proper spending of taxpayers’ money, but he expressed optimism that growth will...
Department of Finance (DOF) Secretary Ralph Recto on Tuesday, Oct. 14, said corruption in government infrastructure programs, particularly flood control projects, has hampered the country’s economic growth and affected the government’s ability to meet its revenue targets. During the Senate...
The United States reaffirmed its defense pact with the Philippines after China Coast Guard (CCG) and Chinese militia vessels rammed and water cannoned a Philippine Bureau of Fisheries and Aquatic Resources (BFAR) vessel near the Pag-asa Island over the weekend. “The United States reaffirms...
The Philippines is asking the assistance of the Food and Agriculture Organization (FAO) to help address 27 years of developmental gaps in the country’s agriculture sector, fueled by the government’s funding shortfalls, the Department of Agriculture (DA) said. In a statement, DA Secretary...
The Commission on Audit (COA) will soon require all its employees to file detailed conflict-of-interest declarations, part of a series of reforms following anomalies uncovered in the country 's flood control and infrastructure projects. COA Chairperson Gamaliel Cordoba said this on Monday,...
Three years after the Philippines lifted the limit on foreign ownership in renewable energy (RE) projects, the Department of Energy (DOE) said 75 ventures with international investors are now driving the country toward its clean energy goals. Speaking at the 2nd Philippines Future Energy & Grid...
Senator Erwin Tulfo filed on Monday, Oct. 13, a bill seeking to criminalize the so-called “license for rent” scheme, a notorious practice that emerged as a central modus operandi in the past flood control scam probe hearings in the Senate. In filing Senate Bill 1453, Tulfo, who serves as...
With back-to-back earthquakes shaking the country in the past 10 days, who in their right mind would now gamble their backyards and communities on hosting nuclear power facilities? This is the ironic cherry on top: the President just signed a nuclear safety regulation law that breezed through the...
With the upcoming accession of Timor-Leste into the Association of Southeast Asian Nations (ASEAN), the Philippines seeks to secure a partnership that will strengthen both countries’ agriculture sectors in a move to fortify the region’s food security. Agriculture Secretary Francisco Tiu Laurel,...
From October 9 to 10, the Subdivision and Housing Developers Association (SHDA) and the Department of Human Settlements and Urban Development (DHSUD) convened the 33rd National Developers Convention at the Makati Shangri-La in Makati City. Under this year’s theme, “ReCalibrate: Upgrading...
The Department of Agriculture (DA) is willing to take over the construction of farm-to-market roads (FMRs) following the discovery of non-existent and overpriced projects under the Department of Public Works and Highways ' (DPWH) watch. Responding to the challenge from the Senate Committee on...
In no uncertain terms, the state-controlled Land Bank of the Philippines debunked any irregularities regarding the release of millions of pesos meant to fund flood control projects, which were instead allegedly pocketed by private and public, elected and appointed, individuals. As a significant...
