The local government of Davao City "inappropriately charged" P6.4 million against the 20 percent Development Fund (DF) for 2022, the Commission on Audit (COA) said in its compliance audit report. The DF "is a required allocation of the LGUs (local government units) out of their respective annual...
FDC Water Utilities Inc., the subsidiary of Filinvest Development Corp. (FDC), partnered with Hitachi Ltd. to construct an advanced water recycling facility and upgraded sewage treatment plant (STP). In a statement on Tuesday, Oct. 17, the Filinvest Group said the company is committed to providing...
CEBU CITY – The P4.5-billion upgrade of the Bohol-Panglao International Airport (BPIA) has been approved by the National Economic and Development Authority (NEDA) Board. AUMENTADO (FB) Bohol Gov. Aris Aumentado said upgrading the BPIA will be done through a Public-Private Partnership (PPP)...
Korean superstar Lee Min-ho returned to the Philippines after seven years and this time, as the new endorser and “Good Guy” of SM Development Corporation (SMDC), the country’s largest real estate developer. Lee Min-ho is the ambassador of SMDC’s premier high-end properties: Gold...
The Department of Social Welfare and Development (DSWD), on Sunday, Oct. 15, urged the adoption of "infrastructure thinking" and "digital to the core" (DTTC) principles to drive forward the digital transformation journey of the department. Department of Social Welfare and Development /...
State-owned Development Bank of the Philippines (DBP) has granted a P375-million loan to the Puerto Princesa City Water District (PPCWD) to improve its services and address the needs of the city's growing population. DBP President and CEO Michael O. de Jesus (second from left) is shown during...
While long holidays are often embraced by many, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan believes they can pose challenges for Filipinos striving to earn a living. Balisacan explained that mandatory holidays enforced by the government can be especially...
The Bataan-Cavite Interlink Bridge (BCIB) and the Cebu Bus Rail Transit (BRT) projects have faced delays and increased construction costs, the National Economic and Development Authority (NEDA) announced. In a briefing, NEDA Secretary Arsenio M. Balisacan on Friday, Oct. 13, said that the...
There is no major impact caused by the Israel-Hamas war on the country's economy, a Cabinet official said. NEDA Secretary Arsenio Balisacan (Photo courtesy of PCO) National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said there is "hardly any impact" as there is no major...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The relief request by the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) from the Central Bank for infusions to the Maharlika Investment Fund (MIF) is nothing to...
A technology developed by a university that monitors crop production data can be utilized in formulating policy recommendations on inflation, the National Economic and Development Authority said. The Project SARAI, or the Smarter Approaches to Reinvigorate Agriculture as an Industry in the...
The Department of Social Welfare and Development (DSWD) has provided cash assistance to the families of three fisherfolk who were killed after an unidentified commercial vessel” rammed their fishing boat passing through the waters off Bajo de Masinloc on Oct. 2. Photo credit to MB Visual...
