State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
Heads will roll over the illegal order on sugar importation, Malacañang said. But for now, it will have to wait for the investigation on the incident to be completed. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of OP) This was the Palace's response on the call of Senator Imee Marcos...
Department of Social Welfare and Development The Department of Social Welfare and Development (DSWD) on Friday, Aug. 12 warned the public against faking documents to get emergency assistance from the agency. In a statement, DSWD said it is pleased to facilitate requests for assistance through the...
The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
Malacañang is now investigating the unauthorized signing of an order allowing the importation of additional sugar supply, calling the resolution "illegal." Press Secretary Trixie Cruz-Angeles (Photo courtesy of the Office of Press Secretary) Press Secretary Trixie Cruz-Angeles disclosed that the...
The Department of Budget and Management (DBM) released the funding to support the emergency shelter assistance to households affected by Typhoon Odette in December last year. In a statement on Wednesday, Aug. 10, Budget Secretary Amenah F. Pangandaman said over 153,410 households affected by...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
The National Economic and Development Authority (NEDA) may consider the possibility of pursuing a sugar trade liberalization reform to improve the industry’s competitiveness. Socioeconomic Planning Secretary Arsenio M. Balisacan said the government needs to “look at closely” the sugar...
The celebration of the National Indigenous Peoples Day is a chance for the nation to know more about the key role of the indigenous peoples in preserving the country's culture, Malacañang said. (Photo courtesy of the National Commission on Indigenous Peoples) Press Secretary Trixie Cruz-Angeles...
Interest rates for long-term Philippine debt papers declined despite weaker economic growth performance in the second quarter. At a Bureau of the Treasury auction on Tuesday, Aug. 9, yield on the reissued 10-year bonds with a remaining life of six years and five months fetched at 5.791 percent,...
The Department of Finance (DOF) said the local jobs market has continued to improve, citing positive figures from the Philippine Statistics Authority’s (PSA) June 2022 Labor Force Survey results. In a statement Tuesday, Aug. 9, Finance Secretary Benjamin E. Diokno said that while the June...
The Department of Budget and Management (DBM) approved the release of additional funding for the Department of Social Welfare and Development’s (DSWD) financial assistance to individuals and families in “crisis situation.” In a statement on Tuesday, Aug. 9, Budget Secretary Amenah F....
