Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government....
As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple. Despite this, the country is still poised to retain its status as the world’s top rice importer. In its latest report on...
The Philippines and Hungary signed three memorandum of understanding and agreed to push further bilateral economic relations with targeted sectors for cooperation, particularly startups, at the recent Second Session of the Philippine-Hungarian Joint Commission on Economic Cooperation held in Makati...
Due to the geographical location of the Philippines, we experience extreme weather conditions that on a yearly basis leaves significant impacts on the livelihood of both farming and fishing communities. Every year, the Philippines is hit by an average of 20 typhoons, five of which are...
Typhoon Ulysses’ damage and losses to the agriculture sector grew to P12.8 billion, from the previously reported P4 billion, due to production losses at farm commodities like rice, corn, high-value crops, among others. This is according to Department of Agriculture (DA) Spokesperson Noel Reyes,...
The Department of Agriculture’s (DA) senate-approved budget for 2021 is P86 billion, which is only 30 percent of the agency’s original budget proposal of P280 billion. In a statement, DA said the senate in a plenary session approved the proposed P85.58-billion budget of the DA, including those...
Photos from AFP The fight between Filipino boxing icon Manny Pacquiao and former UFC champion Conor McGregor is "definitely" happening. It's only a matter of time and a few contract issues. Audie Attar, who manages Pacquiao and McGregor, gave updates on what became the talk of the town this year,...
Fishermen in Bicol region, which was badly hit by Ulysses and Rolly, are worried that if they won’t be able to recover from the recent typhoons fast enough and fix their boats, they will stay hungry until February next year. Lagonoy Gulf Integrated Fisheries and Aquatic Resources Management...
A week since Typhoon Ulysses hit the country, the Mines and Geosciences Bureau (MGB) has allowed miners to re-align their funds for their respective Social Development and Management Programs (SDMP) to bankroll their typhoon relief efforts. “In the interest of public service and for humanitarian...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
The Philippines moved up a notch to 48th in the latest global talent ranking where the country was shown scoring the worst performance in most subfactors related to investments and development in the education sector. Now on its 7th edition, the annual Talent Ranking Report 2020 by the Institute...
The country’s top corporations have shown that they have been walking the talk even before signing the Covenant for Shared Prosperity wherein they have sacrificed profitability in order to take care of their stakeholders and ensure sustainability....
