Finance Secretary Ralph G. Recto said that interest rates would go down in the second semester of the year. On the sidelines of the annual reception for the banking community late Friday, Jan. 26, Recto stated that he expects a decrease in the cost of borrowing, both domestically and offshore,...
Senator Sherwin Gatchalian has renewed his push for the passage of Senate Bill (SB) No. 2493 or the Revised Magna Carta for Public School Teachers in a bid to improve teachers’ welfare. This, after the Department of Education (DepEd) issued a directive removing administrative tasks from...
The Department of Finance (DOF) has stated that the expected revenue from the "refined" five tax reform proposals will fall short of the initial projections made by the agency. Finance Secretary Ralph G. Recto said late Friday, Jan. 26, that the projected revenue gain of P213 billion from the...
Using artificial intelligence (AI) and 3D printing technologies to enhance bone tissue repair, Filipino researchers created a project to provide affordable solutions for crafting bone scaffolds with tunable shapes. Photo from DOST-PCHRD In a statement released on Saturday, Jan. 27, the Department...
The Philippine Ports Authority (PPA) has strengthened partnership with the Department of Agriculture to minimize the ecological impact and ensure long-term positive effects in agriculture and fisheries. PPA General Manager Jay Daniel Santiago said the partnership with the DA under Secretary...
While the Philippines may be known for its warm hospitality and delicious cuisine, it is also known for a prevalent cultural norm—the “Filipino time.” Photo from Unsplash The concept of Filipino time is when Filipinos tend to be consistently late for appointments, gatherings, and even...
The research funded by the Department of Science and Technology – Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development (DOST-PCAARRD) has developed a technology to identify local coffee varieties that are resistant to two major insect pests and diseases....
President Marcos directed the Department of Energy to look into the proposal to allow third parties to construct transmission projects in the country. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA/Yummie Dingding) "I have also directed the Department of Energy and the ERC (Energy...
The commercial operations of the ancillary services (AS) market will guarantee the full procurement of power reserves needed by system operator National Grid Corporation of the Philippines (NGCP) in efficiently running the country’s electricity system. After more than a decade of planning, policy...
The Department of Finance (DOF) plans to push for approval of five pending tax measures in Congress within this year to raise around P213 billion by the end of President Marcos' term. In the absence of new tax proposals, Finance Secretary Ralph G. Recto said the DOF will continue to push for the...
The Department of Energy (DOE) said the government was able to conserve more than P300 million in electricity and P25 million in fuel expenses last year due to a policy that limits fuel and energy consumption in agencies. The implementation of the Government Energy Management Program (GEMP)...
President Marcos has asked Filipinos to support the new MATATAG curriculum as it aims to provide a more progressive future for the youth. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he graced the Basic Education Report (BER) 2024 in Pasay City on Thursday,...
