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...
The Philippines is expanding its agricultural cooperation with Japan following an amendment to a bilateral agreement aimed at promoting fisheries and technology transfer, the Department of Agriculture (DA) said. In a statement, the DA said Agriculture Secretary Francisco Tiu Laurel signed an...
SM joined the Department of Energy (DOE) in rolling out O.N.E.: Oras Natin sa Efficiency, a nationwide energy efficiency movement that calls on Filipinos to turn awareness into action through simple, collective energy-saving habits. Launched through a ceremonial switch-off event at the Mall of...
President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program continued to deliver new homes to Filipino families as the Department of Human Settlements and Urban Development and Pag-IBIG Fund turned over house-and-lot units at Nuvista Homes Lipa to Pag-IBIG Fund...
The Department of Trade and Industry (DTI) saw a nearly 12 percent increase in business name registrations from January to May compared to the previous year, driven by robust demand among entrepreneurs venturing into wholesale and retail trade. Data gathered by the DTI’s business name...
Department of Budget and Management (DBM) Secretary Kim Robert de Leon said the Marcos Jr. administration will review all maintenance and other operating expense (MOOE) items, which could include trimming funding for subsidies and confidential funds as the government faces limited fiscal space....
Hundreds of trees along Roxas Boulevard have become the focus of public debate. Around 245 have already been cut, while 355 more are scheduled for removal under a permit issued by the Department of Environment and Natural Resources (DENR) for the Southern Access Link Expressway (SALEX), a project...
Real estate giant Ayala Land Inc. (ALI) is expanding its participation in a government-led energy conservation initiative by committing its entire real estate portfolio to the program rather than just its shopping malls. Robert S. Lao, ALI chief sustainability officer, said the developer will...
