GENEVA, Switzerland -- The UN appealed for record funds for aid next year, as the Ukraine war and other conflicts, climate emergencies and the still-simmering pandemic push more people into crisis, and some towards famine. The United Nations' annual Global Humanitarian Overview estimated that 339...
Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has explained in layman's terms what the proposed "Maharlika fund" is all about. Ilocos Norte 1st district Rep. Sandro Marcos (Facebook) Essentially a national sovereign wealth fund, the proposal is embodied in House...
The Department of Finance (DOF) has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference. During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said he expects President...
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...
