TOKYO -- The Japanese government decided Friday to honor Philippine President Ferdinand Marcos Jr. and his wife, First Lady Louise Araneta-Marcos, during their four-day state visit to Japan beginning Tuesday. The president will receive the Grand Cordon of the Supreme Order of the Chrysanthemum. The...
Social Security System (SSS) is preparing to launch an energy sustainability loan program in September to help qualified members finance residential solar panel systems amid elevated electricity costs. In a statement on Friday, May 22, SSS President and Chief Executive Officer (CEO) Robert Joseph...
TOKYO, May 20--Philippine President Ferdinand Marcos Jr. will deliver a speech to the Diet, Japan 's parliament, on May 28, it was learned Wednesday. Executives of the steering committee of the House of Councillors, the upper chamber of the Diet, decided Wednesday to schedule the speech in...
Escalating tensions in the Middle East and the resulting spike in global oil prices could trigger broader economic disruptions in the Philippines, worsening inflation, weakening the peso, and raising costs across transportation, food, tourism, and other energy-intensive industries, according to...
MANILA -- Philippine President Ferdinand Marcos Jr. voiced concern that the country could be involved in a possible contingency over Taiwan, in an interview with media organizations including Jiji Press on Monday. "I think in Japan 's case, it 's more about a choice to be involved" if a...
A total of 13,571 families and 115 presidential scholars in Makati will receive rice assistance under the national government’s “Bawat Bayan Makikinabang” program, the Makati City government said on Monday, May 18. Mayor Nancy Binay and President Ferdinand “Bongbong” Marcos Jr. led the...
The Asian Development Bank (ADB) is prepared to provide up to $1.75 billion in additional financing to help the Philippines, its host country, manage the economic fallout from the ongoing conflict in the Middle East. In a statement on Friday, May 15, the Manila-based multilateral lender said ADB...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
The Asian Development Bank (ADB) will mobilize $30 billion by 2030 to help the Association of Southeast Asian Nations (ASEAN) strengthen long-term development priorities and withstand external economic shocks. ADB president Masato Kanda announced the commitment during the 48th ASEAN Summit in Cebu...
The Economy and Development (ED) Council has approved refinements to the implementation of San Miguel Corp. (SMC)-led Metro Rail Transit Line 7 (MRT-7) and adjustments to a maritime security project involving fast patrol crafts, as the government moves to accelerate infrastructure delivery and...
Enhanced energy security and streamlined investment in the power sector will be the centerpiece of a new threshold program being developed by the United States (US) aid arm Millennium Challenge Corp. (MCC) and the Philippines, as the country grapples with surging oil prices and supply disruptions...
President Marcos’ declaration of a state of national energy emergency was a timely preemptive strike against volatile global crude markets rather than a delayed reaction, according to private sector economists, who warned that Filipino consumers must still prepare for a prolonged period of...
