Senate President Francis “Chiz” G. Escudero has approved the issuance of subpoenas to five contractors and three officials of the Department of Public Works and Highways (DPWH) to compel their attendance the public hearing on irregularities surrounding the flood control projects across the...
Budget Secretary Amenah Pangandaman said the budget for the Department of Public Works and Highways (DPWH) could be reduced if it determines that some of the agency’s proposed projects will no longer be needed, as a two-week timeline has been set to revisit the DPWH budget following President...
The Department of Energy (DOE) is confident it will meet its renewable energy (RE) generation targets of 35 percent by 2030 and 50 percent by 2040, as outlined in the Power Development Plan (PDP). On the sidelines of the Philippine Energy Transition Dialogue 2025, Energy Secretary Sharon Garin...
With more than ₱50 billion in revenues being forgone due to the non-imposition of top-up taxes on large multinational enterprises (MNEs) in the Philippines, the Department of Finance (DOF) is eyeing to slap “very large” corporations with such a levy to contain the flight of potential tax...
The Department of Public Works and Highways (DPWH) is temporarily suspending bidding for all locally funded infrastructure projects nationwide, as the agency aims to crack down on corruption under its newly appointed secretary, Vince Dizon. Dizon said the bidding process will undergo a review in...
Senator Rodante Marcoleta has asked the Department of Justice (DOJ) to place several officials of the Department of Public Works and Highways (DPWH) and contractors involved in the anomalous flood control projects on the Immigration Lookout Bulletin Order (ILBO). In separate letters dated Aug. 27...
The government is considering seasonal tariffs on rice to shield local farmers during harvest, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said. Balisacan also emphasized on Tuesday, Sept. 2, that tariffs are used as a policy tool to address various...
Instead of exempting over 130 lines from the 12 percent value-added tax (VAT), Finance Secretary Ralph G. Recto stated he would support the proposal to reduce the number of lines benefiting from exemption to narrow the fiscal deficit. “I’m one with you,” Recto told senators during the...
Revenue leakages from smuggling agricultural products are estimated at around ₱150 billion this year, according to the Department of Finance (DOF). “The estimate of the leakage for the year will roughly be ₱150 billion,” Finance Secretary Ralph G. Recto told reporters on the sidelines of...
The Department of Agriculture (DA) said prices of local commercial rice remain stable, while some imported rice slightly increased following the implementation of the 60-day import ban on the key staple. While still on the second day of the two-month suspension, Agriculture Assistant Secretary...
The Philippine economy could have grown by six percent if flood control projects had not been hijacked by corruption, resulting in a loss of as much as ₱119 billion in economic output, according to President Ferdinand Marcos Jr.’s chief economic manager. While Finance Secretary Ralph G. Recto...
Senator Erwin Tulfo on Tuesday called on the Department of Budget and Management (DBM) to be proactive in flagging questionable items in the National Expenditures Program (NEP) to ensure that there were no insertions from politicians. “Lahat po naman kayo dito sa Executive, well wala pa nung...
