President Marcos will undertake a working visit to New York from March 8 to 11 to participate in United Nations (UN) engagements, Malacañang announced Monday, Feb. 9. In a press briefing, Presidential Communications Office (PCO) Undersecretary Claire Castro announced that the President will attend...
The Philippine Institute of Volcanology and Seismology (Phivolcs) on Friday, Feb. 6 lowered the alert status of Bulusan Volcano from Alert Level 1 to Alert Level 0 after monitoring data showed the volcano had returned to a “normal” state. Bulusan had been under Alert Level 1 since April 28,...
By earning a Level 3 Accreditation for the Responsible Gaming Framework from the World Lottery Association (WLA), the Philippine Charity Sweepstakes Office (PCSO) solidified its position as a world-class gaming institution, becoming the first in the Philippine gaming industry to do so. According...
The Philippines will borrow $800 million, or over ₱45 billion, from the World Bank next year for another development policy loan (DPL) that aims to increase clean energy use and enhance water management in the country. In a Sept. 23 project information document (PID), the Washington-based...
Malacañang remains hopeful that the Philippines would be able to attain the upper middle income threshold this year. The country is just $26 away from reaching the upper middle-income country (UMIC) status, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio...
Citing a lackluster performance that the Philippine economy has been showing since its recovery from the Covid-19 pandemic, climbing to the high-income-status target 15 years from now could be impossible, the country’s chief socioeconomic planner stated. Department of Economy, Planning, and...
While the Philippines’ climb to upper-middle-income-country (UMIC) status is attainable in the medium term, the country will be surpassed by neighboring Vietnam, which would jump to become a high-income economy 15 years from now, according to Singapore-based DBS Bank Ltd. The Philippines,...
The defense lawyer of former president Rodrigo Duterte is seeking to cancel the confirmation of charges hearing for his crimes against humanity charges, citing the need for a status conference to be able to raise new information about the case. In a four-page document filed on July 17, lead...
The legal team of former president Rodrigo Duterte has formally requested the International Criminal Court (ICC) to convene an “urgent status conference” ahead of the scheduled summer recess this July 25, citing procedural delays that could impact the upcoming confirmation of charges hearing. ...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
President Marcos is optimistic that the country would achieve upper-middle-income status during his presidency, Malacañang said. Palace Press Officer and Communications Undersecretary Claire Castro said the administration will double its efforts in order to attain the status. “[L]agi pong...
President Ferdinand Marcos Jr.’s chief economic manager said that achieving upper-middle-income country (UMIC) status is definitely attainable by the end of 2025 or 2026, citing the still expansionary national budget planned for next year to stimulate the economy. “Surely, we will attain UMIC...
