The General Santos Airport reopened for military, humanitarian, government, and cargo flights on Tuesday, June 9, following a powerful 7.8-magnitude earthquake that struck the region. In a statement, Transportation Secretary Banoy Lopez announced the limited reopening while fast-tracking...
The Department of Energy (DOE) is working with power grid operators and generation companies to restore electricity in Southern Mindanao after a major earthquake disrupted operations at power plants and severed transmission lines. Energy Secretary Sharon S. Garin said in a media briefing that the...
The Department of Trade and Industry (DTI) has extended its partnership with the Women’s Business Council Philippines Inc. (WomenBizPH) for another six years to broaden public and private sector support for women-led businesses. Trade Secretary Cristina Roque signed a memorandum of agreement...
The World Bank has urged Philippine implementing agencies to focus on completing the long-delayed Metro Manila Flood Management Project amid signs of progress and with less than six months remaining before its financing expires. In a June 7 implementation status and results report, the...
The Philippines is eager to expand bilateral ties with Egypt to open up a promising new market for local exporters and strengthen trade and investment cooperation, the Department of Trade and Industry (DTI) said. Trade Secretary Cristina Roque said she recently met with Egyptian Ambassador Nader...
The Department of Budget and Management (DBM) assured that the country’s quick response fund (QRF) remains available and ready for deployment to support a prompt response to victims of the magnitude 7.8 earthquake in Mindanao. As of May 31, the National Disaster Risk Reduction and Management Fund...
As the proposed Philippine Strategic Petroleum Reserve (PSPR) takes shape, consumers must keep a close eye on the government and their hands firmly on their wallets. While the country may need an oil stockpile, taxpayers and motorists should not end up becoming the reserve’s permanent source of...
President Ferdinand Marcos Jr.’s economic team is adopting a sober yet aggressive posture on the Philippines ' macroeconomic outlook, mobilizing a state-led fiscal catch-up program to counter stalling growth and stubborn inflation. Budget Secretary Kim Robert de Leon told reporters on the...
The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
A stronger and more resilient middle class is critical to sustainably reducing poverty and achieving inclusive economic growth in the Philippines, according to the Department of Economy, Planning, and Development (DEPDev). Speaking at the launch of the World Bank’s Poverty and Equity Assessment...
The Philippines and the World Bank have signed an $18.85-million grant agreement to strengthen the country’s defenses against future pandemics, while the Washington-based multilateral lender also commended the satisfactory implementation of an ongoing agriculture modernization project. Documents...
President Marcos has directed the Department of Energy (DOE) to restore power supply to normal levels as soon as possible. In his recent meeting with Energy officials, Marcos made several orders to the DOE, Palace Press Officer and Communications Undersecretary Claire Castro said. "Mahaba-haba po...
