The World Bank has urged Philippine implementing agencies to focus on completing the long-delayed Metro Manila Flood Management Project amid signs of progress and with less than six months remaining before its financing expires. In a June 7 implementation status and results report, the...
The Philippines is eager to expand bilateral ties with Egypt to open up a promising new market for local exporters and strengthen trade and investment cooperation, the Department of Trade and Industry (DTI) said. Trade Secretary Cristina Roque said she recently met with Egyptian Ambassador Nader...
The Department of Budget and Management (DBM) assured that the country’s quick response fund (QRF) remains available and ready for deployment to support a prompt response to victims of the magnitude 7.8 earthquake in Mindanao. As of May 31, the National Disaster Risk Reduction and Management Fund...
As the proposed Philippine Strategic Petroleum Reserve (PSPR) takes shape, consumers must keep a close eye on the government and their hands firmly on their wallets. While the country may need an oil stockpile, taxpayers and motorists should not end up becoming the reserve’s permanent source of...
President Ferdinand Marcos Jr.’s economic team is adopting a sober yet aggressive posture on the Philippines ' macroeconomic outlook, mobilizing a state-led fiscal catch-up program to counter stalling growth and stubborn inflation. Budget Secretary Kim Robert de Leon told reporters on the...
The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
A stronger and more resilient middle class is critical to sustainably reducing poverty and achieving inclusive economic growth in the Philippines, according to the Department of Economy, Planning, and Development (DEPDev). Speaking at the launch of the World Bank’s Poverty and Equity Assessment...
The Philippines and the World Bank have signed an $18.85-million grant agreement to strengthen the country’s defenses against future pandemics, while the Washington-based multilateral lender also commended the satisfactory implementation of an ongoing agriculture modernization project. Documents...
President Marcos has directed the Department of Energy (DOE) to restore power supply to normal levels as soon as possible. In his recent meeting with Energy officials, Marcos made several orders to the DOE, Palace Press Officer and Communications Undersecretary Claire Castro said. "Mahaba-haba po...
The Philippines is expanding its agricultural cooperation with Japan following an amendment to a bilateral agreement aimed at promoting fisheries and technology transfer, the Department of Agriculture (DA) said. In a statement, the DA said Agriculture Secretary Francisco Tiu Laurel signed an...
SM joined the Department of Energy (DOE) in rolling out O.N.E.: Oras Natin sa Efficiency, a nationwide energy efficiency movement that calls on Filipinos to turn awareness into action through simple, collective energy-saving habits. Launched through a ceremonial switch-off event at the Mall of...
President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program continued to deliver new homes to Filipino families as the Department of Human Settlements and Urban Development and Pag-IBIG Fund turned over house-and-lot units at Nuvista Homes Lipa to Pag-IBIG Fund...
