After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
The Anti-Red Tape Authority (ARTA) and four other key agencies of the government are set to issue a joint memorandum circular (JMC) that will cut down regulatory requirements for local coronavirus disease (COVID-19) vaccine manufacturers. ARTA ARTA made the statement following President Duterte's...
An administrative order implementing the Local Government Reform Project (LGRP) has been signed by President Duterte. President Duterte with Finance Secretary Carlos Dominguez III (File photo: Malacañang) In Administrative Order No. 40, the President created an Interagency Governing Board (IGB)...
EDITOR’S DESK Bernie Cahiles-Magkilat The pandemic has given rise to new businesses if not the strengthening of existing ones that are able to pivot and innovate with the use of digital technologies. Some of these businesses are delivery/logistics, micro finance, financial technologies (fintech),...
75 YEARS OF PH-US RELATIONS The US government has committed to continue extending economic assistance to the its ally the Philippines in the form of grants for infrastructure projects, investment insurance coverage, technical and sustainability assistance as both countries marked their 75...
As House lawmakers finalize the third coronavirus relief package, the Duterte administration’s chief economic manager said the government is not relaying too much on stimulus programs in reviving the local economy. Speaking before senior executives of American and Philippine companies on...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
The local banking industry implemented a new system of charging fees for ATMs which started yesterday, April 7, 2021. Currently, there are close to 22,000 ATMs nationwide that are used by over 77 million cardholders. These ATMs are interconnected so cardholders of a bank can transact at ATMs of...
Metropolitan Waterworks and Sewerage System (MWSS) said the new concession agreement (CA) between the Philippine government and Manila Water Company, Inc will be beneficial to all — the government, the public, and the Ayala-led east zone concessionaire. Speaking for the first time since...
The extended enhanced community quarantine (ECQ) in Metro Manila and nearly provinces will push more than 100,000 additional Filipinos into poverty as these stringent lockdowns are seen take a heavier toll on the economy, jobs and household income. Finance Secretary Carlos G. Dominguez III and...
The Indian government has extended $50,000 worth of assistance to the Philippines' corn sector and has even initiated a bilateral exchange on agricultural technology with the Philippine government. Photo by Gaspar Uhas on Unsplash During the general membership meeting of the Philippine...
Finance Secretary Carlos G. Dominguez III said the "prompt and substantial" financing extended by the Philippines’ multilateral partners for its vaccination program will help accomplish the government’s target of herd immunity. Finance Secretary Carlos G. Dominguez III...
