(File photo) A total of 213 Overseas Filipino Workers (OFWs) in Lebanon have secured their travel documents and are set to return home amid escalating tensions following intensified Israeli airstrikes on Hezbollah positions, the Department of Migrant Workers (DMW) said on Friday, Oct. 11. In an...
The Department of Finance (DOF) reported that collections from the government’s two main tax agencies showed strong double-digit growth in the first nine months of the year. The Bureau of Internal Revenue (BIR) and the Bureau of Customs collectively gathered P2.771 trillion from January to...
The World Bank has cited progress in the Department of Agriculture's (DA) rural development project scale-up, for which the Philippines borrowed $600 million or over P34 billion last year. "The overall project's initial implementation performance is considered satisfactory. Implementation and...
A total of 21 service contracts awarded by the Department of Energy (DOE) to Solar Philippines are in the process of termination. Senate President Pro Tempore Jinggoy Ejercito Estrada asks questions during the Finance Subcommittee E briefing held on Wednesday, October 9, 2024. Estrada not only...
The third Green Energy Auction (GEA-3) for geothermal, impounding hydro, and pumped-storage hydropower is expected to conclude before the end of the year. During a recent budget hearing, the Department of Energy (DOE) Undersecretary Rowena Guevara assured the Senate that this auction would...
Senate President Francis "Chiz" Escudero admitted on Thursday, Oct. 10, that it will be tough for the chamber to pass Senate Bill (SB) No. 2034, or the measure that sought to make the controversial Reserve Officers' Training Corps (ROTC) program mandatory. (Senate Public Relations and...
The Department of Trade and Industry (DTI) has announced stricter regulations for vaporized nicotine and non-nicotine products (VNNDPs) and heated tobacco products (HTPs) in the country. In a statement, the DTI said this move comes through amendments to the Implementing Rules and Regulations...
The Department of Budget and Management (DBM) increased its 2025 funding for education but reduced its cash assistance allocation or ayuda for poor Filipinos. Of the proposed P6.352 trillion national budget for next year, P977.6 billion, or over one-sixth of the total, will be poured into...
Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
The Department of Trade and Industry (DTI) is optimistic about a potential partnership with Masdar, a leading global renewable energy company, to boost the Philippines' renewable energy sector. In a recent meeting, DTI Secretary Cristina A. Roque met with top executives from Masdar to discuss...
The Department of Agriculture (DA), in partnership with the Korea Agricultural Machinery Industry Cooperative (KAMICO) and Cabanatuan City, has signed an agreement to establish the Philippines' first-ever local agricultural machinery manufacturing cluster. In a statement, the DA said the initiative...
By DERCO ROSAL After securing the deal, President Marcos’ chief economic manager stated that South Korea’s funding for three major infrastructure projects will create more jobs and expand businesses in the country. “Beyond enhancing mobility, they will create jobs, spur businesses, boost...
