Trade and Industry Secretary Alfredo E. Pascual has signed the Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 11904, otherwise known as the Philippine Creative Industries Development Act (PCIDA), boosting the domestic creative industries’ development to achieve its full...
The Department of Finance (DOF) expects inflation to remain elevated in the final month of the year due to increased demand from higher economic activity and supply constraints. In a statement, Finance Secretary Benjamin E. Diokno said on Tuesday, Dec. 6, that the average rate of increase in...
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...
PH can sustain growth momentum—NEDA By Chino S. Leyco The National Economic and Development Authority (NEDA) is confident that the country’s growth momentum will be sustained driven by robust domestic consumption following the prolonged pandemic. In a statement on Tuesday, Dec. 6, Socioeconomic...
The Fiscal Incentives Review Board (FIRB), chaired by the Department of Finance, has approved the tax incentive application of TDK Philippines Corp. (TPC). In a statement Tuesday, Dec. 6, Finance Assistant Secretary Juvy Danofrata said the FIRB approved the fiscal incentives for TPC’s P2.5...
The Department of Finance (DOF) expects the proposed sovereign wealth fund will be passed into law within the first semester next year despite oppositions seeking to block its creation. Finance Secretary Benjamin E. Diokno said on Monday, Dec. 5, said the proposed bill creating the Maharlika Wealth...
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...
Filipino and Japanese experts have mapped out strategic plans on how the Philippines could appropriately deal with the threat and enhance its resiliency against the world-wide effects of climate change, the Department of Public Works and Highways (DPWH) said on Monday, Dec. 5. The DPWH, through its...
The Department of Public Works and Highways (DPWH) has targeted to open the initial 10.7 kilometer central portion of the 45.5 kilometer Davao City Bypass Construction Project by 2024 as it accelerates excavation works in the twin-tube road mountain tunnel. DPWH Senior Undersecretary Emil K. Sadain...
Lamentillo releases second edition of Night Owl book Department of Information and Communications Technology (DICT) Undersecretary and former Build, Build, Build committee chair Anna Mae Yu Lamentillo, has released the second edition of her book, Night Owl , which includes a new chapter on the...
House Minority Leader and 4Ps Party-list Rep. Marcelino Libanan has renewed calls for the Marcos administration to designate a permanent Department of Health (DOH) secretary. 4Ps Party-list Rep. Marcelino Libanan Libanan, in a statement Sunday, Dec. 4 said that having a permanent DOH chief at the...
The Department of Transportation (DOTr) is pushing for the use of cashless transaction in public transport, Secretary Jaime Bautista said. To check the efficiency of the cashless ticketing system, Bautista on Friday, Dec. 2, said he personally tried the use of TRIPKO card, a form of cashless...
