Former Socioeconomic Planning Secretary Ernesto M. Pernia categorically said that the planned Maharlika Wealth Fund is “not wise.” In a radio interview, Pernia said that before proceeding with the Maharlika, there must be clear assessment as to where the economy stands at present. He urged the...
Go Negosyo founder Joey Concepcion has lauded Trade Secretary Alfredo Pascual for his support to the country’s micro, small and medium enterprises (MSMEs) and his role in promoting public-private sector partnerships and investments that promise more jobs for Filipinos. Go Negosyo founder Joey...
The Department of Finance (DOF) has requested President Marcos to certify the bill establishing the Maharlika Investment Fund (MIF) as urgent, documents revealed. In a letter dated Dec. 13, 2022 signed by Finance Secretary Benjamin Diokno, the government’s chief economic manager wants to...
A total of 352 local government units (LGUs) will receive almost P2 billion to fund their respective development projects, the Department of the Interior and Local Government (DILG) disclosed on Thursday, Dec. 15. In a statement, the DILG said the P1.961 billion that will be distributed to the...
Confusion reigned again over the leadership at the Philippine Economic Zone Authority (PEZA). Early on Wednesday, Dec. 14, designated PEZA OIC Deputy Director General Tereso O. Panga forwarded his message to PEZA personnel to beat reporters informing them of his replacement. “The Secretary (DTI...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
The Department of the Interior and Local Government (DILG) bagged the coveted best national government agency by the Career Executive Service Board (CESB). It was the fifth time the DILG received the coveted plum as it also received the Career Executive Service Performance Evaluation System...
Is the Department of Education (DepED) eyeing the creation of their own e-learning platform ahead of the proposed institutionalization of blended learning modality? Earlier in 2022, DepED aired its plans to institutionalize blended learning, an approach to education that combines both virtual and...
The Department of Budget and Management (DBM) approved the release of funding for the Marawi City General Hospital (MCGH). In a statement, Budget Secretary Amenah F. Pangandaman said on Monday, Dec. 12, that DBM released P44.38 million to cover the funding requirements to develop and equip MCGH....
Determined to implement the planned sovereign wealth fund, Finance Secretary Benjamin E. Diokno said has identified other sources of financing that will take up the slack following the exit of Government Service Insurance System (GSIS) and Social Security System (SSS) as original funders of the...
Trade and Industry Secretary Alfredo E. Pascual has accomplished and implemented various programs from investments to facilitating IT scholarships of students from low-income families since his appointment as DTI chief by President Ferdinand Marcos Jr. in July this year. According to the DTI, a...
What is the difference? Albay 1st district Rep. Edcel Lagman Independent minority solon, Albay 1st district Rep. Edcel Lagman asked this question Saturday, Dec. 10 after it was learned that the composition of the board of directors of the proposed Maharlika Wealth Fund Corporation (MWFC) has been...
