The National Grid Corporation of the Philippines (NGCP) said the company should not be solely held accountable for the recent Panay power outage, as other parties in the energy sector were also involved. In an interview with the ANC on Monday, Jan. 8, NGCP Spokesperson Cynthia Alabanza said they do...
The Home Development Mutual Fund (HDMF), also known as the Pag-IBIG Fund, got an ally in its implementation of increase in the mandatory savings rate for all its members starting this month from a big labor group which argued that rise in contribution for both members and employers will improve the...
House Speaker Martin Romualdez (Speaker's office) The Maharlika Investment Corporation (MIC) should consider investing in the National Grid Corporation of the Philippines (NGCP) amid the "challenges" being faced by the power grid operator. Thus, said...
Malacañang disclosed that the Maharlika Investment Corp. (MIC)—Maharlika Investment Fund's (MIF) governing body— held its first board meeting on Wednesday, Jan. 3. (Photo courtesy of PCO) The Presidential Communications Office (PCO) said on Thursday that the MIC Board met to discuss fund...
The Maharlika Investment Corp. (MIC) is gaining momentum, as its board has given the green light to the fund's capitalization scheme, the appointment of key management committee heads, and the selection of an interim fund manager. The Department of Finance (DOF) announced that the MIC Board,...
The Department of Finance (DOF) is looking into a proposal setting a debt ceiling that would determine whether the national government should increase or decrease its borrowing. Finance Secretary Benjamin E. Diokno said the DOF will consider the International Monetary Fund's (IMF) proposal to adopt...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has collaborated with the Asian Development Bank (ADB) to strengthen its supervision of sovereign wealth funds (SWF). In a statement, Marius P. Corpus, GCG chairperson, said the capacity-building activity offered them...
The Home Development Mutual Fund or Pag-IBIG Fund has approved a P929 million revolving credit line which is seen as a big boost in the efforts of the national government to address the 6.5 million housing backlog across the country. Department of Human Settlements and Urban Development...
President Marcos was awarded climate and human mobility recognition by an international office for migration for his achievements in handling human mobility and migration as a whole, Environment Secretary Antonia Yulo-Loyzaga said. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) In a...
Securing a seat in the Loss and Damage Fund Board is a "very important development" for the Philippines as it will give the country a voice in managing the disaster fund, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Through a video message on...
The goals laid down at the COP28 Global Stocktake had fallen short on the target for total phaseout of fossil fuels in energy systems, although there had been more aggressive commitments on deeper emissions cut as well as reinforcements on climate finance. In his closing speech, UN Climate Change...
(MANILA BULLETIN) House Speaker Martin Romualdez spoke favorably of the Maharlika Investment Fund (MIF) on Tuesday, Dec. 12, as an instrument for ensuring the country’s food security. “We are trying to look at ways to boost our rice self-sufficiency and...
