Razon-led Prime Energy, operator of the depleting Malampaya gas field, said all contingency measures have been prepared during the facility’s two-week maintenance shutdown on February 4-18 this year. In a statement, Prime Energy General Manager Sebastian Quiniones explained that the scheduled...
The National Telecommunications Commission (NTC) collection in 2022 reached P9.50 billion, exceeding its 2022 collection target by 70.21 percent or over P3.92 billion. In a statement, NTC Officer-in-Charge Commissioner Ella Blanca B. Lopez said that target collection for 2022 was pegged at P5.58...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, assured that the planned sovereign wealth fund will have enough safeguards. Budget Secretary Amenah F. Pangandaman, who chairs the DBCC, assured that enough...
President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
Trade and Industry Secretary Alfredo E. Pascual has convened the Inter-Agency Investment Promotion Coordination Committee (IIPCC), composed of various government investment promotion agencies (IPAs), to provide direction on investment promotion drives and ensure efforts will lead to improvement in...
President Marcos’ economic managers lowered the government’s growth target for this year. The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic assumptions, expects the country’s gross domestic product (GDP) to grow by 6.5...
Aspiring president Ferdinand “Bongbong” Marcos Jr. has stressed the importance of coordination between the national government and the local government units (LGUs) in terms of promoting progress in the countryside as well as ensuring that appropriate laws are implemented. In an event in Pasay...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
The United Nations - Office for the Coordination of Humanitarian Affairs (UN OCHA) said that the Philippine Red Cross (PRC) topped overall responses to communities struck by Typhoon Odette, the organization bared on Thursday, Jan. 20. (Photo from Philippine Red Cross / MANILA BULLETIN) "With our...
President Rodrigo Duterte’s economic managers said the imposition of stricter quarantine status over Metro Manila and nearby provinces is a necessary setback in the country’s recovery in the wake of the highly transmissible COVID-19 Omicron variant. The inter-agency Development Budget...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
