The Philippines will repay until 2053 its latest $400-million (nearly ₱23-billion) loan from the Manila-based Asian Development Bank (ADB) that supports the Marcos Jr. administration’s “Walang Gutom” Food Stamp Program. Documents showed that Finance Secretary Ralph G. Recto, on behalf of...
The Department of Transportation (DOTr) has extended its maintenance and rehabilitation agreement with the Japanese conglomerate Sumitomo Corp. for the Metro Rail Transit Line 3 (MRT-3) until 2027, while the privatization plan remains in the pipeline. Transportation Acting Secretary Giovanni Lopez...
Amid the recent flood control scandals preoccupying the Philippine government, Japan has assured that it will continue extending low-cost loans for big-ticket bridge, spillway, and maritime projects. This reaffirmation comes as investigations into anomalous flood control projects are being...
The digital verification system in e-commerce to ensure reliability of online transactions will no longer be voluntary and instead now mandated for every merchant and platform, according to the Department of Trade and Industry (DTI). The DTI launched the E-Commerce Philippine Trustmark to serve as...
The Department of Transportation (DOTr) aims to complete a multimodal transportation hub in Ilocos Norte by 2027, thereby further easing traffic congestion in the province. Transportation Undersecretary Mark Steven Pastor stated that the government is currently working on the construction of the...
The Philippines forged five new business agreements during the presidential visit to Cambodia that are seen to generate new jobs and widen market access, the Department of Trade and Industry (DTI) said. In a statement, the DTI said the visit of President Ferdinand “Bongbong” Marcos Jr. to the...
Senate President Vicente "Tito" Sotto III declined to sign the request from former Blue Ribbon Chairperson Senator Rodante Marcoleta for spouses Pacifico and Cezarah to be placed under the Witness Protection Program. In a statement from Sotto 's office Wednesday night, Sept. 10, it was statef...
The Philippines is turning to Cambodia to help meet the demand of a growing population, as part of the government’s push to strengthen ties with the Southeast Asian country, according to Agriculture Secretary Francisco Tiu Laurel. In a statement on Wednesday, Sept. 10, Tiu Laurel said the country...
The Department of Energy (DOE) has launched a five-year implementation plan for its geothermal de-risking facility, a new initiative aimed at advancing geothermal development in the country. During the 6th Philippine International Geothermal Conference (PIGC6) on Wednesday, Sept. 10, Energy...
An official of the Department of Environment and Natural Resources (DENR) on Wednesday, Sept. 10, pushed for a different, nature-based strategy when it comes to flood management. During the Senate hearing of the Committee on Environment, Natural Resources and Climate Change, DENR Undersecretary...
Following reports of South Korea dropping government aid for a ₱28-billion infrastructure project in the Philippines, the Department of Finance (DOF) has denied that such a loan exists between the two governments. According to the DOF, the Rural Modular Bridge Project loan is instead being...
To combat what he calls “systemic weakness,” former Finance Secretary Cesar V. Purisima is urging the government to adopt bold financial reform agenda, including cash transaction limits and demonetization, to fight corruption at its source. In a recent social media post, Purisima, who served as...
