Investments to Philippine startups reached $547 million as of 2020, including $50 million poured into local startups, according to Trade and Industry Secretary Ramon M. Lopez. In a keynote speech at the virtual Manufacturing Summit 2021, Lopez revealed that $547 million have been invested to...
The government’s chief economic manager said he is “happy” with the implementation of the China-funded projects that the country received since President Duterte took the reins of power more than five-years ago. Despite skepticism about Chinese loans, Finance Secretary Carlos G. Dominguez III...
Motorists from Laguna can now drive to Silang East in Cavite using the Cavite-Laguna Expressway (CALAX). NEW ROUTE -- A five-kilometer segment of the Cavite-Laguna Expressway (CALAX) opens Tuesday, Aug. 24, 2021. The expressway from Laguna is now extended up tp Silang in Cavite, (Photo courtesy of...
The Japan International Cooperation Agency (JICA) approved the fourth and final tranche of its standby loan, which will be used in the Philippines’ post-pandemic recovery programs, the Department of Finance (DOF) announced. JICA In a statement, Finance Secretary Carlos G. Dominguez III said the...
The government’s chief economic manager said the two-week enhanced community quarantine (ECQ) has been a big achievement for the country’s inoculation program despite the sustained surge in infections. COVID-19 vaccine Finance Secretary Carlos G. Dominguez III said Friday, August 20, that the...
The Philippines is banking on techology-savvy, young agripreneurs in the regional effort to advance food security undertakings amid the coronavirus disease (COVID-19) pandemic. FARMERS GO DIGITAL--A farmer-youth tandem completes the hands-on activity on smartphone familiarization under the Digital...
Some 600 local farmers from a village in Kabankalan City, Negros Occidental will no longer have to deal with muddy trips while transporting their produce to market centers. WHAT MUDDY ROAD?--A farm-to-market road in Barangay Hilamonan in Kabankalan City, Negros Occidental was recently paved with...
Regular sessions in the House of Representatives will resume Monday, August 23, the expected date for the submission by the Duterte administration of the proposed 2022 national budget of P5.024 trillion, the highest in the country's history. House of Representatives4 In a memorandum issued by...
The modified tariff rates on imported pork products and rice have resulted in foregone revenues for the government, but the Department of Finance (DOF) said the economic benefits far outweigh the costs. Peso Finance Undersecretary Antonette C. Tionko said the government is projected to lose P5.4...
After being flagged by Commission on Audit (COA) for underutilization of funds and accounting irregularities, the Department of Agriculture (DA) is now strategizing to fully utilize its budget for this year. Agriculture Secretary William Dar (Photo courtesy of Malacañang) At the same time, the DA...
In just a year, the Philippines posted an "impressive rate of growth" in terms of internet speeds and government said it will ensure that the upward trajectory continues in the coming months. 1200px-Department_of_Information_and_Communications_Technology_(DICT).svg Department of Information and...
Department of Agriculture (DA) Secretary William Dar asserted that no irregularities were committed despite the recent findings of state auditors on the alleged non-utilization of the P9.8-billion fund intended for farmers. Agriculture Secretary William Dar (Photo courtesy of Malacañang) "We...
