The World Bank considers liberalized rice trade as a boost to the Philippine agriculture sector, even as the Marcos Jr. administration is moving to reinstate the National Food Authority’s (NFA) old regulatory powers. “Strategic shifts are underway to reinvigorate transformation of the...
Senator Jinggoy Ejercito Estrada is now pushing for two measures aimed at providing a broader, disaster-ready blueprint for the country: the creation of the Department of Disaster Resilience (DDR) and the establishment of a Food Bank and Stockpile Act. Estrada filed both measures ahead of the...
The damage caused by the combined effects of Tropical Storm ”Crising” and the southwest monsoon (habagat) has risen to ₱134.66 million, according to the Department of Agriculture (DA). In its bulletin on Tuesday, July 22, the DA’s operations center said damage and losses in the country’s...
Citing still favorable inflation data, President Marcos’ chief economic manager said the Bangko Sentral ng Pilipinas (BSP) could proceed with delivering two quarter-point cuts in the key interest rate by year-end even if the United States (US) Federal Reserve (Fed) decides to pause its easing...
While short-dated treasury bills (T-bills) will still be offered from July to September, the national government will also issue long-term retail debt instruments amounting to around ₱200 billion within the third quarter of 2025. Department of Finance (DOF) Secretary Ralph G. Recto told reporters...
Five new climate projects across the Philippines, totaling nearly ₱100 million, have been added to the list of projects greenlit by the People’s Survival Fund (PSF) Board, bringing the total to ₱1.4 billion. The PSF Board has committed to grant resources for five new projects across the...
The Department of Transportation (DOTr) said the development of a transportation hub at the future Education City in Taguig City will serve as a model for future projects aimed at improving the commuting experience of students. In a statement, the DOTr said it has signed an agreement with the...
The Philippines and the European Union (EU) are seeking to expedite the conclusion of negotiations for a free trade agreement (FTA) amid uncertainties in global trade, with the next round of talks scheduled for October in Manila. Department of Trade and Industry (DTI) Undersecretary Allan Gepty,...
With allegedly more than 4,200 pending cases waiting like unpaid electric bills, newly designated Energy Regulatory Commission (ERC) Chairman Francis Saturnino “Nino” Juan and his fellow Commissioners aren 't walking smoothly into the office. Instead, they 're stepping into a...
The Department of Energy (DOE) is considering a stricter but more streamlined mechanism to reopen terminated service contracts for renewable energy (RE) projects Energy Assistant Secretary Mylene Capongcol told reporters that the agency is actively monitoring dormant RE projects, including those...
Halfway through fiscal year (FY) 2025, the government’s revenue performance is showing mixed results, as the Bureau of Internal Revenue (BIR) is seen to meet its target while the Bureau of Customs (BOC) is projected to fall short—a familiar scene from history. Finance Secretary Ralph G. Recto...
Finance Secretary Ralph G. Recto said the Philippines could consider accommodating zero tariffs on certain American goods entering the local market as President Ferdinand Marcos Jr.’s economic managers prefer more free trade agreements (FTAs)—including with the United States (US) after the...
