Sen. Cynthia Villar said on Friday, March 1 that the Senate will investigate allegations that the National Food Authority (NFA) sold thousands of tons of rice to certain traders at a price disadvantageous to the government. "Mag-iinvestigate kami dyan, kasi I have personal experience with regards...
Finance Secretary Ralph G. Recto said the government is keeping its ambitious target of achieving an "A" credit rating before the end of the Marcos administration. Although the president is still early in his term, Recto is optimistic on the country's prospects for climbing the rating ladder, with...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Water is the embodiment of life flowing on Earth. It is both a source of power and energy. With the dry spell currently being experienced in different areas of the country, it is critical to improve water resource management to...
ZAMBOANGA CITY – Department of Tourism Secretary Christina Frasco arrived here on Tuesday, February 27, to launch the agency’s Philippine Experience Program (PEP): Culture, Heritage and Art Caravan in Western Mindanao. MAYOR John Dalipe hosts a fiesta lunch at Santa Cruz Island for...
The Department of Finance (DOF) said that the World Bank has committed to develop financial instruments tailored to address the Philippines' vulnerabilities to natural calamities. According to the DOF, these instruments will be designed to strengthen the country's emergency response capabilities,...
Construction of Metro Manila Subway Project Phase 1 is well underway, aiming to bring significant improvements to transportation in the metro by 2029. With a budget of P488.5 billion, the underground mass transport system is expected to cut travel time from Valenzuela to Ninoy Aquino International...
Once operational, the Metro Manila Subway will not only enhance comfort and speed but also generate approximately P2.5 billion in daily economic benefits, the Department of Finance (DOF) said. In a briefing on Monday, Feb. 26, Finance Secretary Ralph G. Recto said the direct economic benefits,...
The National Economic and Development Authority (NEDA) has stressed the urgent need for the Philippines to dismantle restrictions on key sectors of the economy that are holding back the country from matching the developments of its neighboring nations. NEDA Secretary Arsenio M. Balisacan said that...
The Department of Finance (DOF) said the Marcos administration is on track to meet its borrowing requirements for the year, which will provide the necessary funding for government programs and projects. With a total financing goal of P2.46 trillion for 2024, the government plans to secure 75...
Defense Secretary Gilberto Teodoro Jr. (right) meets Vietnamese Ambassador Lai Thai Binh at Camp Aguinaldo in Quezon City on February 23, 2024. (Photo by DND) The Philippines is looking to collaborate with Vietnam and United Kingdom to further boost the country's defense and security, the...
Paulo Avelino has once again voiced his concerns about piracy. It all started with his “What’s Wrong With Secretary Kim?” co-star Kim Chiu challenging him to post in TikTok a video of him dancing. Paulo responded, "Kung walang pirata na lumabas ng WWWSK (What's Wrong With Secretary...
Finance Secretary Ralph G. Recto expressed his gratitude to the Philippine Stock Exchange (PSE) for its support and trust in his appointment. At a recent event hosted by the PSE to celebrate the new finance chief's appointment, Recto shared that this support “means a lot” for him as he...
