The first dairy box facility in Eastern Visayas opened in Carigara, Leyte, on Tuesday, July 29. Mayor Eduardo Ong Jr. said the facility was built in partnership with the Philippine Coconut Authority, Philippine Carabao Center, provincial goverment of Leyte, and the Department of Agriculture. The...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. indicated that the central bank is considering another 25-basis-point (bps) reduction in its key interest rate as early as August. “A further reduction in the key interest rate is 'on the table’,” Remolona told reporters on...
The Philippine Air Force (PAF) and United States Marine Corps (USMC) transported relief assistance to the island of Batanes on Tuesday, July 29, in the aftermath of the successive storms and enhanced southwest monsoon (habagat) that affected the country. Department of National Defense (DND)...
Proactive disaster risk reduction and a whole-of-government approach in responding to increasingly frequent and intense natural calamities are key pillars under the administration of President Marcos Jr. Thus, said Department of National Defense (DND) Secretary and National Disaster Risk Reduction...
The Philippine Independent Power Producers Association (PIPPA) reassured its commitment to collaborate with the energy sector to achieve the electrification and energy security goals mentioned by President Marcos in his fourth State of the Nation Address (SONA). In a statement, PIPPA expressed its...
With a soon-to-be-finalized trade deal that benefits the United States (US) more than the Philippines, the latter’s exports and foreign direct investments (FDIs) would take a hit and lose out to its Southeast Asian neighbors, according to the Economist Intelligence Unit (EIU). “The...
National Disaster Risk Reduction and Management Council (NDRRMC) Chairman and Department of National Defense (DND) Secretary Gilberto Teodoro Jr. deeply appreciated the provincial government of Sulu for sending relief goods to help victims of recent storms in Luzon get back up on their feet. In a...
At a time when the world grows noisier by the minute, Segundo D. Matias Jr. chooses to speak through stories—ones that empower, provoke, and protect. With the way he tells stories, this publisher and author, widely known as Kuya Jun, has become one of the celebrated Filipino writers. Recently,...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said the southwest monsoon (habagat) will be the dominant weather system during President Ferdinand R. Marcos Jr.’s State of the Nation Address (SONA) on Monday, July 28. In the weekend leading up to the...
With President Ferdinand Marcos Jr. only managing to secure a one-percentage-point (ppt) reduction in tariffs on Philippine exports to the United States (US), the country is seen to lose its “minimal” competitive edge over its regional peers—an advantage it enjoyed due to a strong peso and...
United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
