Association of Southeast Asian Nations (ASEAN)+3 policymakers, including the Philippines, are urged to balance near-term spending with long-term fiscal discipline as shrinking fiscal space and rising debt costs stress the need for consolidation to meet climate- and aging-related demands, according...
President Marcos has signed into law Republic Act (RA) No. 12122, officially setting a three-year term for the Philippine Coast Guard (PCG) commandant unless removed earlier by the commander-in-chief. File photos Under the new measure, signed on Tuesday, Feb. 18, the three-year term will start...
Following series of spot purchases, listed firm First Gen Corporation indicated that it is seriously weighing long-term contracting for liquefied natural gas (LNG) that it will be feeding for the electricity generation of its gas plants in Batangas. According to First Gen Chairman and CEO Federico...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
The approved national budget of nearly P6 trillion for next year will accelerate the country’s economic growth amid looming drought and high inflation, the country’s economic team stressed. President Ferdinand R. Marcos Jr. has signed into law the General Appropriations Act of 2024 which will...
The government will stick to its growth targets of 6.5 percent to 8 percent for the medium term, National Economic and Development Authority Secretary Arsenio M. Balisacan said on Wednesday, Dec. 13. Balisacan told reporters that the highest range could still be reduced but there are no plans to...
The target ratio for the country’s debt as a share of the gross domestic product (GDP) for the medium term is attainable, Department of Finance Secretary Benjamin E. Diokno said. In a panel discussion with the Philippines’ economic managers, Diokno said that the government’s target ratio will...
Government-run National Electrification Administration (NEA) reported that it extended P934.56-million worth of loans to at least 24 electric cooperatives (EC) as of end-October this year. The electrification agency emphasized that the released loans to ECs had been anchored on its Enhanced Lending...
Department of National Defense (DND) Secretary Gilberto “Gibo” Teodoro Jr. is hoping that former President Rodrigo Duterte pushed for the interests of the Philippines when he met Chinese President Xi Jinping in Beijing earlier this week. *Defense Secretary Gilberto Teodoro Jr. (File photo) *...
Former senator Franklin Drilon on Friday, July 21 called on former president Rodrigo Roa Duterte to fully disclose to the public the issues he had discussed with China’s President Xi Jinping during his recent meeting with the latter. Photo courtesy of...
The Department of National Defense welcomed Friday, May 19, the enactment of Republic Act (RA) No. 11939 which amended the law setting a fixed term of duty to military personnel. (File photo) DND Spokesperson Arsenio Andolong said the signing of RA 11939 will further strengthen the...
The Armed Forces of the Philippines (AFP) on Thursday, May 18, welcomed the approval of Republic Act No. 11939 which provided amendments to the law setting a fixed term of duty to military personnel. (Courtesy of AFP) RA No. 11939 was signed by President Ferdinand Marcos Jr. on Wednesday, May 17,...
