Five new climate projects across the Philippines, totaling nearly ₱100 million, have been added to the list of projects greenlit by the People’s Survival Fund (PSF) Board, bringing the total to ₱1.4 billion. The PSF Board has committed to grant resources for five new projects across the...
Senate President Francis “Chiz” Escudero is pushing for the creation of a P20-billion trust fund under a law that would cover the comprehensive social benefits of all Armed Forces of the Philippines (AFP), Philippine National Police (PNP), and other uniformed personnel. In seeking approval of...
Senator Panfilo "Ping" Lacson revealed that some lawmakers are receiving substantial "pork barrel" allocations worth billions. In an interview on One News late Wednesday, July 9, Lacson stated some members of the House of Representatives reportedly get up to ₱15 billion while some senators...
Senator Alan Peter Cayetano has renewed his push for the measure seeking a P25 billion budget each for the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP) for the modernization and upgrade of their respective camps and facilities. Cayetano pointed out the military...
Pag-IBIG Fund has earned its 13th consecutive unmodified opinion from the Commission on Audit (COA), reaffirming its commitment to excellence in financial management, sound governance practices, and consistent compliance with accounting and auditing standards, officials announced on Tuesday, July...
Incoming Cebu Gov. Pamela Baricuatro expressed displeasure over the move of outgoing Gov. Gwendolyn Garcia to create trust funds for several programs in the province. “I am deeply disappointed and appalled by the recent actions of the outgoing governor,” Baricuatro said in a Facebook post....
President Marcos encouraged the Association of Southeast Asian Nations (ASEAN) to contribute to the Fund for Responding to Loss and Damage, emphasizing that climate change remains the "most defining challenges of our time." During his intervention at the 2nd ASEAN-Gulf Cooperation Council (GCC)...
President Marcos wants patients to get prompt responses on their request for cancer fund from the government, asking the Department of Health (DOH) not to delay the process. "Sana rin ay bilisan ang pagproseso sa mga request sa Cancer Fund. Siguraduhing alam na agad ng pasyente kung kailan niya...
The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
Malacañang has welcomed the $10 million grant from a multilateral agency to help climate-vulnerable towns in Tawi-Tawi secure safe and reliable water access amid growing climate challenges. Communications Undersecretary Claire Castro (RTVM Screenshot) The project dubbed “Harnessing the...
Maharlika Investment Corp. (MIC), which manages the Philippines ' first sovereign wealth fund, is eyeing at least three new investments before the year ends, aiming to bring total capital commitments to as much as ₱37 billion just two years into its establishment. In a telephone interview on...
