The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
The Marcos administration has launched a three-tranche US dollar-denominated bond offering, marking its second foray into the international debt markets this year. According to a report from Moody's Ratings, the bonds will mature in 2030, 2035, and 2049. Notably, a portion of the 25-year debt is...
The Department of Budget and Management (DBM) has revealed plans to broaden the scope of the national indemnity insurance program (NIIP) to cover more than just school buildings. Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 28, that the DBM wants to add other important...
Department of Budget and Management Secretary Amenah F. Pangandaman urged government agencies (NGA) to fully utilize their budgets for infrastructure projects. “I urge all NGAs with infra projects to aim for 100 percent budget utilization so that we will sooner see the fruits of our Build Better...
The government allotted around P114 billion to the 2025 budget of the Pantawid Pamilyang Pilipino Program (4Ps) under the Department of Social Welfare and Development (DSWD). In a statement, Budget Secretary Amenah F. Pangandaman said this figure is an increase of about eight percent from P106.35...
The Department of Finance (DOF) said that President Marcos will soon sign the law imposing value-added tax (VAT) on foreign digital service providers, such as Netflix. During a Senate Finance subcommittee hearing on Tuesday, Aug. 27, Finance Secretary Ralph G. Recto said the DOF and the Bureau of...
The national government's budget deficit widened in the first seven months of the year, despite revenues growing at a faster rate than public spending, data from the Department of Finance (DOF) showed. During the DOF budget deliberations on Tuesday, Aug. 27, Finance Secretary Ralph G. Recto...
While the green halo of renewables is highly regarded as the planet’s ultimate shield against climate change risks, the flourishing ‘silent infiltration’ of terrorist financing in many energy markets around the world is a ‘dark undercurrent’ that Philippine financial regulators will be...
Seven former secretaries of the Department of Finance (DOF) have expressed their support for utilizing excess funds from government-owned or controlled corporations (GOCCs) to finance important government projects. In a joint statement on Tuesday, Aug. 27, the former DOF chiefs said that...
ILOILO CITY — Tourism Secretary Christina Garcia-Frasco led the groundbreaking of a P10-million tourist rest area (TRA) in Tubungan town, Iloilo province on August 23. DOT Secretary Christina Frasco leads the groundbreaking of a P10-million tourist rest area in Tubungan town, Iloilo...
(MANILA BULLETIN) The additional P6.4 billion earmarked for the Tourism Road Infrastructure Program (TRIP) under the 2025 National Expenditure Program (NEP) will have a two-fold impact, Quezon City 4th district Rep. Marvin Rillo said. First,...
The Philippines is more focused on deterring armed attack rather than considering it amid the series of China's aggression in the West Philippine Sea (WPS). A rigid hull inflatable boat (RHIB) reaches the starboard side of BRP Sierra Madre in Ayungin Shoal to deliver fresh supplies for Filipino...
