Multinational biopharmaceutical giant AstraZeneca is poised to invest more than ₱7 billion over the next three years as part of its commitment to advance scientific innovation in the Philippines’ healthcare system, including the establishment of the country’s first health innovation hub....
The government has programmed ₱419.9 billion in infrastructure spending for the third quarter, the biggest quarterly infra disbursement for 2025, at a time when allegedly fraudulent flood control projects are taking the spotlight amid concerns about some wasteful and corruption-laden public...
Senator Erwin Tulfo on Tuesday, August 19 pressed government officials to explain numerous flood control projects poured into provinces that are not even among the country’s most flood-prone areas. Citing a list released by President Marcos, Tulfo noted that Cebu received 414 flood control...
A military and uniformed personnel (MUP) reform has not made the cut for the priority legislation of President Ferdinand Marcos Jr.’s three remaining years, as enacting changes would entail higher costs. “I think the reform will be more costly at this point in time,” Finance Secretary Ralph...
The Department of Energy (DOE) is rolling out the first electrification projects for the year, partnering with five electric cooperatives (ECs) in Luzon and Visayas to address power strains in remote areas. In a statement on Tuesday, Aug. 19, the DOE announced the signing of a memorandum of...
While the previous administration warned that imposing a “wealth tax” on the rich could trigger capital flight and tax avoidance, Finance Secretary Ralph G. Recto—the chief economic manager of the Marcos Jr. administration—said he would support Congress if it proposes such a measure. “Let...
The Department of Energy (DOE) said it has secured interest from a United States-based (US) firm to explore potential natural hydrogen sites in Luzon, a step in the Philippines’ search for new energy sources. Energy Secretary Sharon Garin told reporters that Koloma, Inc., a natural hydrogen...
A Senate Bill has been introduced by Senator Win Gatchalian that aims to provide a three-year specialization college education in the Philippines, reducing the current required minimum from four years to three. The bill, to be known as the “Three-Year College Education (3CE) Act,” is based on...
The Department of Agriculture (DA) said the ineffectiveness of certain flood control projects, particularly in rice-producing areas, worsens the agricultural damage the country suffers annually due to tropical storms. In a press briefing on Monday, Aug. 18, DA Assistant Secretary Arnel de Mesa said...
Just days away from its potential passage into law, the leading figure behind Converge ICT Solutions Inc. expressed support for the contentious Konektadong Pinoy bill, in contrast to the opposition voiced by other major players in the telco industry. Despite his company being among the four leading...
The Philippines is banking on new trade agreements to boost market access and reverse the decline in exports and foreign investments due to uncertainties driven by the tariff policy of the United States (US), according to Trade Secretary Cristina Roque. Based on data from the Philippine Statistics...
With the online gambling sector turning into a declining industry, Finance Secretary Ralph G. Recto assured that alternative revenue sources will be “very much welcome” to offset potential losses from stricter regulations or a possible gaming ban. “Any additional revenue stream for the...
