The Philippines faces an escalating economic threat from climate change that could wipe out as much as two percent of its annual output if the government fails to implement aggressive adaptation strategies, according to the International Monetary Fund (IMF). In a staff report released following its...
The Washington-based multilateral lender International Monetary Fund (IMF) sees the narrowing of Philippine debt relative to the size of the economy being delayed until it reaches 60 percent, with the proposed revenue-generating general tax amnesty (GTA) among the measures seen as offering limited...
The Department of Education (DepEd) has released the implementing guidelines for the P100-million Bayang Bumabasa Fund, formally opening applications for 131 priority public schools identified as needing urgent literacy support. In a statement issued on December 23, DepEd said the guidelines are...
The Department of Education (DepEd), working with local government units, is intensifying efforts to fast-track classroom construction, with Education Secretary Sonny Angara urging mayors to closely monitor education funds and speed up school building projects to address the nation’s worsening...
Megawide Construction Corp. secured a ₱10 billion investment from the state-run Home Development Mutual Fund, commonly known as Pag-IBIG, to accelerate the government’s mass housing program. In a disclosure to the Philippine Stock Exchange, Megawide said the funds will be channeled through...
Pag-IBIG Fund received the Best Sustainability Initiatives Award at the 2025 Governance Commission for GOCCs (GCG) Awards Ceremony held Monday, Dec. 1, in Parañaque City. The award recognizes the agency’s efforts to integrate sustainability values and responsible practices across its programs,...
Gig worker, Rene Valenzuela Jr., is a 37-year-old app-based ride-hailing driver in the four-wheel segment. But first and foremost, he is a caring father and a loving husband. When his wife goes to work during the day, Rene looks after their three-year-old daughter, making sure she is well-taken...
Department of Education (DepEd) Secretary Sonny Angara on Thursday, December 4, called on local government units (LGUs) to play a stronger role in the learning recovery initiatives directed by President Marcos, as DepEd and four national agencies formalized new rules expanding the use of the...
Nearly 30,000 potential homebuyers are expected to attend the National Housing Expo as the Department of Human Settlements and Urban Development, Pag-IBIG Fund, key government shelter agencies, and private developers showcase housing opportunities at the World Trade Center in Pasay City on October...
DAVAO CITY – Pwersa ng Pilipinong Pandagat party-list Rep. Harold Duterte has urged fellow lawmakers to investigate the activities and outcomes funded by the government’s confidential and intelligence allocations. “I am calling on my fellow legislators, especially those sitting in the...
To sustain the government’s ongoing relief and recovery efforts following recent disasters, the Department of Budget and Management (DBM) has released a total of ₱740.8 million to replenish the Quick Response Funds (QRF) of concerned agencies. In a statement, Budget Secretary Amenah Pangandaman...
The Philippine Economic Zone Authority (PEZA) is partnering with the Home Development Mutual Fund, otherwise known as Pag-IBIG Fund, to provide affordable housing for PEZA employees and the broader ecozone workforce in the country. In a statement, PEZA Director General Tereso Panga said the...
