The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
The Philippines’ fiscal response is on track to support the economy, but the government needs to address the stagnant consumer confidence that places a drag on the pace of the nation’s recovery, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the country’s...
The International Air Transport Association (IATA) last night (Nov 16) released its guidance to ensure that the air cargo industry can support the large-scale handling, transport and distribution of COVID-19 vaccine. IATA’s Guidance for Vaccine and Pharmaceutical Logistics and Distribution...
Finance Secretary Carlos G. Dominguez III said they are evaluating this year’s national budget to determine whether there is need to augment it to help the victims of the recent typhoons that ravaged Luzon and parts of the Visayas. “We are in the process of evaluating the damage of the series...
The Department of Finance (DOF) has extended the payment of all local taxes, fees and charges imposed by local government units (LGUs) until mid-December to ease the burden on individuals and businesses affected by the community quarantines. In a statement, Finance Secretary Carlos G. Dominguez III...
The Philippine delegation is targeting to attract over 1,300 buyers and generate a modest $31 million worth export deals at the upcoming China International Import Expo (CIIE), significantly lower than the $300 million the Philippines realized during last year’s China International...
The implementation of the fuel making system has deterred oil smuggling in the country, resulting in higher revenue collections for the government, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government’s full-fledged fuel marking program has...
The agriculture sector may be severely battered by Typhoon Quinta and Super Typhoon Rolly, but the country is still seen to end the year with higher palay output of 20 million metric tons (MT). "We hope and pray that in the remaining eight weeks of the year, we will be spared from strong...
A year and three months into his position, Agriculture Secretary William Dar has finally decided to shake things up at the Department of Agriculture (DA) with a major reshuffle followed by a series of appointments. Agriculture Secretary William Dar (Photo credit: https://www.da.gov.ph/) For some of...
Transport authorities can no longer postpone the contactless toll payment scheme beyond next month, December 1, 2020, although the tollway systems of expressway companies are not yet interoperable. The Department of Transportation (DOTr) issued the statement last night (November 5, 2020)....
The European Union (EU) has committed grants to the Philippines for agricultural productivity in Mindanao and to provide electricity to its far-flung small island-communities, the Department of Finance (DOF) said. In a statement, the DOF announced that EU Delegation to the Philippines...
President Rodrigo Roa Duterte talks to the people after holding a meeting with the Inter-Agency Task Force on the Emerging Infectious Diseases (IATF-EID) core members at the Matina Enclaves in Davao City on October 26, 2020. ARMAN BAYLON/PRESIDENTIAL PHOTO...
