Surigao del Sur Representative Johnny Pimentel on Thursday, November 2 is confident that Japan can be the “logical fallback funding source” for the construction of the Mindanao Railways Project (MRP). Pimentel raised the idea ahead of Japanese Prime Minister Fumio Kishida’s visit...
Senator Grace Poe on Thursday, October 26 welcomed the government’s move to abandon its loan negotiations with China for the P83-billion Mindanao railway project. This, after Department of Transportation (DOTr) Secretary Jaime Bautista recently announced that the government will no...
The government received about $32.40 billion in concessional loans and grants last year, with most of the funds allocated to infrastructure projects, the National Economic and Development Authority (NEDA) reported. Based on NEDA's Official Development Assistance (ODA) Portfolio Review 2022 report ,...
Japan declared its commitment to support the Philippines in attaining an upper middle-income status in the next few years. A joint committee meeting was held in Tokyo on Tuesday, Aug. 29 between the Philippine delegation and the Japanese government to determine the necessary development assistance...
The government is eyeing to establish national food stamp program through an Official Development Assistance (ODA) financing of the Asian Development Bank (ADB), President Ferdinand “Bongbong” Marcos Jr. said on Monday, May 22. President Ferdinand Marcos Jr. (Photo from the Presidential...
The Philippines has signed an agreement with South Korea for a total loan worth 3 billion US dollars, which is earmarked for the country's infrastructure projects. Department of Foreign Affairs (DFA) Secretary Enrique Manalo and Korean Ambassador to the Philippines Kim In Chul signed on Wednesday...
Japan’s financial support to the Philippines during the Duterte administration’s nation-building programs surpassed the amount committed by former Japanese Prime Minister Shinzo Abe five-years ago, the Department of Finance (DOF) said. According to the DOF, Japan, the Philippines’ biggest...
The value of all ongoing foreign-assisted projects of the government increased by almost half last year after President Duterte augmented the country’s coronavirus response, the National Economic and Development Authority (NEDA) reported. In a statement, Socioeconomic Planning Secretary Karl...
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...
Boosting the Philippine agricultural sector can create a multiplier effect on the economy especially under this time of the COVID-19 (coronavirus disease 2019) pandemic, the Japan International Cooperation Agency said in a statement Wednesday. Japan International Cooperation Agency (JICA) JICA...
The Philippines is reaping benefits from its friendly relations with China despite a lingering territorial conflict. President Rodrigo Duterte and Chinese President Xi Jinping (File photo: Malacañang) Amid the renewed tension in the West Philippine Sea, Malacañang has opted to present a list...
The Asian Development Bank’s (ADB) has earmarked $9.4 billion in sovereign lending to the Philippines for the next three-years to help the government revitalize the economy amid the coronavirus disease pandemic. In a statement, the Manila-based multilateral institution, said that at least...
