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...
The Philippines is "most qualified" to host the historic Loss and Damage Fund Board, a Cabinet official said. Environment Secretary Antonia Yulo-Loyzaga stressed that the country is qualified to host the board not only for being a living testament to the effects of climate change, but also with its...
President Marcos has reiterated his call for the Philippines to host the Loss and Damage Fund, stressing that it would symbolize inclusivity given the country's vulnerability to climate change impacts. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) In the country statement delivered by...
The government supports gender-responsive, nature-based solutions to close the climate finance gap, Department of Finance Secretary Benjamin E. Diokno said. “Recognizing this, the Philippines’ Department of Finance actively supports the mainstreaming of gender initiatives in the mobilization of...
The Senate Committee on National Defense and Security has included an amendment in the substitute measure proposing reforms in the military and uniformed personnel (MUP) pension system that would require only new entrants to give contributions for their pension. Sen. Jinggoy Ejercito Estrada,...
The Philippines has lauded the adoption of loss and damage funding at the 28th Conference of the Parties (COP28) in Dubai. Through the Climate Change Commission, the country, which is among the highly vulnerable nations to the impacts of climate change, welcomed the development saying, it is a...
President Marcos has asked world leaders to support the Philippines' bid to host the Loss and Damage Fund as he called for the fund's prompt operationalization to support developing and vulnerable countries from the impact of the climate crisis. President Ferdinand 'Bongbong' Marcos Jr. (File...
