The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
The Department of Education (DepEd) on Wednesday, June 12, clarified the status and procedures taken in the Teacher Education Council (TEC) appointment process, in response to concerns expressed by an advocacy group regarding alleged delays. In a statement, DepEd said Vice President and Education...
PH.Ph Rally Team run by Teo Martin Motorsport bearing the 'Love the Philippines' livery. Photo from Department of Tourism. If the Philippines begins to see an influx of tourists from Europe any time soon, it might have something to do with a Spanish rally team bearing the ‘Love the Philippines’...
The Department of Finance (DOF) said the newly launched pension scheme by the Social Security System (SSS) is a vital step towards financial empowerment for Filipino workers. In a statement, Finance Secretary Ralph G. Recto said the MySSS Pension Booster program is closely aligned with the...
The Department of Budget and Management (DBM) said it is in the final stages of conducting a compensation and benefits study targeted at evaluating potential salary adjustments for government workers. Budget Undersecretary Goddes Hope O. Libiran said the study, scheduled to be finalized...
The government has approved the financing of ¥64.38 billion or P24.57 billion for the design, construction, and delivery of five units of 97-meter multi-role response vessels from Japan. Department of Finance (DOF) Secretary Ralph G. Recto and Japan International Cooperation Agency (JICA) Chief...
Roxas & Co. Inc. (RCI) clarified that it has no financial obligations to some 50,000 Batangas farmers and other individuals who will be affected by the company’s planned real estate development across its three haciendas, but to ensure that they are vacated peacefully. In a clarification to...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
Finance Secretary Ralph G. Recto said the recent affirmation of the Philippines’ investment-grade credit rating by Fitch Ratings would attract more foreign investments into the country. In a statement on Monday, June 10, Recto said he welcomed Fitch’s decision to maintain the country’s...
The Philippines and France have inked a financial and development cooperation agreement aimed at tackling poverty and fostering inclusive growth for Filipinos, the Department of Finance (DOF) announced. On June 7, Finance Secretary Ralph G. Recto and Ambassador Extraordinary and Plenipotentiary of...
Finance Secretary Ralph G. Recto said that the railway connecting Cavite and Metro Manila will create more jobs and business opportunities in the south. Recto, the government's chief economic manager, said that the first phase of the Light Rail Transit (LRT) Line 1 (South) Cavite extension project...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
