The national government has standby funds worth P15.5 billion to mitigate the impact of El Niño, the Department of Budget and Management (DBM) said on Friday, April 26. Budget Secretary Amenah F. Pangandaman said the amount forms part of the total allocation of P20.5 billion for the National...
Interior Secretary Benhur Abalos emerged as the top performer among all the Cabinet secretaries of President Marcos based on the recent RP-Mission and Development Foundation Inc. (RPMD) "Boses ng Bayan" survey. RPMD The survey results released on Friday, April 26, covered 10,000 respondents...
Filipino borrowers hoping for a reduction in interest rates will have to hold their horses as the anticipated rate cuts may not come in the near future. Finance Secretary Ralph G. Recto said on Friday, April 26, that elevated inflation is likely to persist, and interest rates may remain high for a...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last week, I was thrilled to learn that four of the 55 new members¬ of the Open Government Partnership (OGP) Local Program came from the Philippines — the most for any country in the Asia-Pacific Region! For those who may be...
The Philippines is keen on hosting the Loss and Damage Fund (LDF) Board to secure increased climate financing and wider opportunities for cooperation to effectively tackle the impacts of climate change. In a statement on Tuesday, April 23, Finance Secretary Ralph G. Recto announced that President...
The Department of Finance (DOF) has warned that the government’s slow implementation of digitalization amid the rapid growth of e-commerce could result in significant revenue loss. In a statement, the DOF said that Finance Secretary Ralph G. Recto is now seeking additional funding from the...
The Department of Finance (DOF) has secured a standby fund from the World Bank that the Philippines can readily utilize during emergency or crisis situations. In a statement on Monday, April 22, the DOF announced that the signing of the Rapid Response Option (RRO) agreement with the World Bank...
ILOILO CITY – Interior and Local Government Secretary Benjamin "Benhur" Abalos Jr. said this city is far from being a “shabulized” – a word created by then President Rodrigo Duterte referring to shabu. INTERIOR and Local Government Secretary Benhur Abalos joins the Buhay Ingatan,...
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian led the launch of the reformatted educational assistance initiative called “Tara, Basa! Tutoring Program” in Samar province on April 19. Gatchalian said the reading tutorial program is important to help eradicate...
TACLOBAN CITY – The province of Samar launched three new tourism circuits featuring cultural heritage and scenic sites on April 16. These are the Secret Kitchens of Samar Gastronomy Tour, Tandaya Trail 1, and the Mabaysay Cultural River Cruise in Barangay Binongtu-an in Basey. The Secret...
The Department of Finance (DOF) said that the World Bank Group (WBG) will assemble a team to assist the Philippines in enhancing its digital infrastructure, specifically its tax system. In a statement on Saturday, April 20, the DOF said that WBG President Ajay Banga expressed support for the...
President Marcos' chief economic manager warned that developing countries, including the Philippines, are at risk of falling even further behind as global economic growth is projected to decline for the third consecutive year. Finance Secretary Ralph G. Recto said that developing nations have...
