The Department of Finance (DOF) expects the elevated rate of increase in food prices would peak this month due to rising volume of meat imports that boosted domestic supply. In a statement on Wednesday, July 14, Finance Undersecretary and Chief Economist Gil S. Beltran said that food price...
State-run National Transmission Corp. (Transco) plans to remit the company’s entire profit to the government’s coffers to help fund the country’s coronavirus response programs, the Department of Finance (DOF) revealed. In a statement, the finance department said on Tuesday, July 13, that...
The adverse impact of the prolonged pandemic will be short-lived, the government’s chief economic manager and the central bank governor said after Fitch Ratings downgraded the Philippines’ outlook to negative. BSP Gov. Benjamic Diokno and Finance Sec. Carlos Dominguez III Finance Secretary...
While majority of their House of Representatives colleagues appeared to have ignored the significance of July 12, three congressmen didn’t let the day pass by without underscoring the fact that this is the date Philippines won against superpower China an arbitral ruling on the West Philippine Sea...
The Department of Finance (DOF) has flagged a possible sugar smuggling scheme employed by unscrupulous traders taking advantage of the Sugar Regulatory Administration’s (SRA) export replenishment program. In a statement on Monday, July 12, Finance Secretary Carlos G. Dominguez III said he has...
The 11,000 ABS-CBN employees who lost their jobs amid the economic despair brought about by the 2019 coronavirus disease (COVID-19) pandemic has remained a grave concern among lawmakers who tried, albeit in vain, to stop the closure of the network last year. ABS-CBN FRANCHISE As the country’s...
Two House of Representatives leaders who supported ABS-CBN’s bid for the grant of a fresh legislative franchise remained optimistic that the legislative body will 'correct' what it has done last year and grant the network its request in the 19th Congress. ABS-CBN FRANCHISE On the first...
San Carlos Bishop Gerardo Alminaza has recovered from the coronavirus disease (COVID-19). Bishop Gerardo Alminaza (Photo courtesy Diocese of San Carlos) The Diocese of San Carlos Social Communications Office announced the news in their Facebook page Friday, July 9. In an advisory, the diocese said,...
The government’s chief economic manager has backed the Department of Education (DepEd) in calling for the World Bank to issue a public apology over its outdated findings about the state of the Philippines’ education sector. In a statement on Thursday, July 8, Finance Secretary Carlos G....
House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate on Tuesday, July 6 assailed as “nonsensical” Malacanang’s claim that government lacks money to grant cash assistance to Filipinos reeling from the devastating effects of the 2019 coronavirus disease (COVID-19) pandemic....
The Bureau of Customs registered a spike in pork imports following the government’s order lowering tariffs on swine meat shipments that aims to stabilize the domestic supply and prices, the Department of Finance (DOF) said. In a report to Finance Secretary Carlos G. Dominguez III, the Customs...
Calou Yulo (MB File Photo) Gymnastics Association of the Philippines (GAP) President Cynthia Carrion is confident that Carlos Yulo is capable of winning the elusive gold medal, and possibly another silver, in the Tokyo Olympics later this month. Carrion said Yulo can rule his pet event, the floor...
