Trade and Industry Secretary Alfredo E. Pascual expects EU companies, particularly German-owned, to tap the Euro300-billion EU Global Gateway Fund to participate in the Philippines’ infrastructure projects under the Private Public Partnership (PPP) arrangement. Pascual raised this opportunity in...
The proposed Philippine sovereign wealth fund (SWF) gained the backing of several top-performing government financial institutions (GFIs) when the measure was tackled Tuesday, Nov. 29 by the House Committee on Banks and Financial Intermediaries. (Mari Gimenez/ Unsplash) The measure, House Bill (HB)...
At least 10,000 housing units will be constructed in Bacolod City, the target is to provide decent homes to informal settlers families (ISFs) in the area, the Department of Human Settlements and Urban Development (DHSUD) announced on Tuesday, Nov. 29. DHSUD Secretary Jose Rizalino Acuzar said the...
House Speaker Martin Romualdez has filed a bill pushing for the creation of a sovereign wealth fund (SWFs) that will improve investment opportunities for Filipinos. House Speaker Martin Romualdez (Photo from House of Representatives via Twitter) House Bill (HB) No. 6398, if enacted, would establish...
Driven by the strong collection of home loan payments in the last 10 months, Pag-IBIG Fund’s performing loans ratio climbed to 89.96% in October, exceeding the agency’s yearend target by 196 basis points, top executives announced Monday (28 November). From January to October, home loan payments...
Highly suspicious, if not illegal. Northern Samar 1st district Rep. Paul Daza Senior Deputy Minority Leader and Northern Samar 1st district Rep. Paul Daza had this to say about the multi-billion peso fund transfers between the Department of Information and Communications Technology (DICT) and the...
UNITED NATIONS, United States -- United Nations Population Fund (UNFPA) on Wednesday launched an appeal for 113.7 million U.S. dollars to scale up life-saving reproductive health and protection services for women and girls in the Horn of Africa. An unprecedented drought in the region has left more...
DOH The Department of Health (DOH) said that an assistance fund to provide support for cancer patients is now available in 31 hospitals across the country. The Cancer Assistance Fund (CAF) “shall cover outpatient and inpatient services including but not limited to diagnostics, therapeutic...
Speaker Martin Romualdez said that the House-led relief drive for the victims of severe tropical storm (STS) “Paeng” has generated cash donations worth over P120 million. House Speaker Martin Romualdez (left) brief media on Nov. 15, 2022. Beside him is Navotas City lone district Rep. Toby...
Up 27%; MP2 Savings surpass P33B, up 57% Pag-IBIG Fund members have saved more than P66 billion in the last 10 months, breaking yet another record for the period and exceeding all prior full year figures, top agency officials announced on Monday (November 14). From January to October, the amount...
The Senate minority bloc has vowed to move for the realignment of the confidential and intelligence (CIF) funds under the Office of the Vice President (OVP) and the Department of Education during the period of amendments of the proposed P5.268-trillion national budget for 2023. Both the budget of...
NUSA DUA, Indonesia -- G20 health and finance ministers launched a $1.4-billion fund Sunday to tackle the next global pandemic ahead of the bloc's leaders gathering for a summit on the Indonesian resort island of Bali but the host's president said it was not enough. US Treasury Secretary Janet...
