The bargaining chip dangled by the Department of Energy (DOE) on the proposed corporate life extension for state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is to prevent transfer of P300 billion worth of its residual debts to the national government coffers. “At this...
President Marcos has submitted to Congress his proposed national budget of P6.352 trillion for 2025. On Monday, July 29, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman delivered the National Expenditure Program (NEP) for Fiscal Year 2025 to the House of...
The typhoon-induced torrential rains and flooding incidents in recent days might have plunged many Filipinos into a new realm of financial hardship - including those in Metro Manila, but the rollback in oil prices this week is expected to bring much needed relief to consumers’ squeezed budgets in...
Government revenues from asset sales surged in the first half of the year but well behind the target set by the Department of Finance (DOF), data from the Bureau of the Treasury showed. Between January and June 2024, the national government garnered P411.52 million through the privatization of...
Senator Sherwin Gatchalian on Sunday, July 28 said he is optimistic over President Ferdinand Marcos Jr.’s promise of upholding the welfare of teachers during his recent State of the Nation Address (SONA). Marcos, in his third SONA, vowed to make sure that public school teachers will...
The first resupply mission to BRP Sierra Madre conducted after Manila and Beijing made some new arrangements to manage tension succeeded on Saturday, July 27. "No untoward incidents were reported" when the Philippines commissioned civilian vessel MV Lapu-Lapu during the rotation and...
The Department of Finance (DOF) and the Government Financial Institutions (GFIs) have implemented measures to aid affected Filipinos and facilitate the reconstruction of areas impacted by Typhoon Carina. In a statement, Finance Secretary Ralph Recto said that every effort is being made to ensure...
Hydrogène de France (HDF Energy) and partner-firms are targeting to invest $1.5 billion for the rollout of green hydrogen solutions across 15 project-sites in the country – primarily areas in Mindanao that are physically isolated from the main grid and have been relying heavily on diesel-fired...
The Department of Trade and Industry (DTI) has deployed a monitoring team to verify compliance with the price freeze in supermarkets and grocery stores in Metro Manila, which are declared under state of calamity. Trade Secretary Alfredo E. Pascual said that the DTI has implemented a 60-day price...
Photo from Pixabay In response to the widespread devastation caused by typhoon Carina and the southwest monsoon (habagat), the Department of Health (DOH) announced on Friday, July 26 a price freeze on certain medicines in some of the affected areas. DOH released the list of medicines that will be...
The Department of Energy (DOE) has instructed players in the deregulated downstream oil industry to assess the quality of their fuel products before these are retailed to customers – primarily if there had been infiltration of floodwaters in their underground storage facilities or if some...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said that the signing of the implementing rules and regulations (IRR) of Executive Order No. 174 will allow teachers to choose teaching or managerial roles without prejudice. “Today’s signing of the IRR of EO No. 174...
