President Marcos’ economic team narrowed its growth outlook for next year given the global headwinds, the Development Budget Coordination Committee (DBCC) said. On Monday, Dec. 5, the inter-agency body tasked to set the government’s macroeconomic assumptions revised downwards its gross domestic...
Filipino and Japanese experts have mapped out strategic plans on how the Philippines could appropriately deal with the threat and enhance its resiliency against the world-wide effects of climate change, the Department of Public Works and Highways (DPWH) said on Monday, Dec. 5. The DPWH, through its...
The Department of Public Works and Highways (DPWH) has targeted to open the initial 10.7 kilometer central portion of the 45.5 kilometer Davao City Bypass Construction Project by 2024 as it accelerates excavation works in the twin-tube road mountain tunnel. DPWH Senior Undersecretary Emil K. Sadain...
Lamentillo releases second edition of Night Owl book Department of Information and Communications Technology (DICT) Undersecretary and former Build, Build, Build committee chair Anna Mae Yu Lamentillo, has released the second edition of her book, Night Owl , which includes a new chapter on the...
House Minority Leader and 4Ps Party-list Rep. Marcelino Libanan has renewed calls for the Marcos administration to designate a permanent Department of Health (DOH) secretary. 4Ps Party-list Rep. Marcelino Libanan Libanan, in a statement Sunday, Dec. 4 said that having a permanent DOH chief at the...
The Department of Transportation (DOTr) is pushing for the use of cashless transaction in public transport, Secretary Jaime Bautista said. To check the efficiency of the cashless ticketing system, Bautista on Friday, Dec. 2, said he personally tried the use of TRIPKO card, a form of cashless...
The Philippines has maintained its lead in Southeast Asia in the public participation indicator of the 2021 Open Budget Survey (OBS) conducted by the International Budget Partnership. Based on the results of the survey, the Philippines scored 35 points out of 100 in terms of the formal...
The Department of Finance (DOF) clarified that the imposition of value-added tax (VAT) on digital transactions only aims to ensure that everybody pays his fair share of taxes. Finance Secretary Benjamin E. Diokno said the proposed VAT on electronic or digital services does not impose new taxes,...
The Department of Finance (DOF) wants the government to end the free rollout of Covid-19 vaccines once shots become commercially available in the country. Finance Secretary Benjamin E. Diokno said the government should deputize the private sector for the procurement and administration of Covid-19...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
The Department of Finance (DOF) has thrown its support behind the proposed measure seeking the creation of a sovereign wealth fund with safeguards against political interference. During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said he expects President...
The Marcos administration plans to borrow more in US dollars as the Department of Finance (DOF) said the government is looking at tapping the hard-earned savings of overseas Filipino workers (OFWs). During a Kapihan sa Manila Bay Forum on Wednesday, Nov. 30, DOF Secretary Benjamin E. Diokno said...
