President Marcos' chief economic manager warned that developing countries, including the Philippines, are at risk of falling even further behind as global economic growth is projected to decline for the third consecutive year. Finance Secretary Ralph G. Recto said that developing nations have...
The "prince of darkness" is taking back the crippling journey to Luzon, as the country’s major power grid has been placed on "red alert" for the second time this week – entailing that consumers must prepare for the strike of probable rotational brownouts. System operator National Grid...
The Office of the Ombudsman has ordered the dismissal of National Director Demosthenes R. Escoto of the Bureau of Fisheries and Aquatic Resources (BFAR) for grave misconduct over the purchases of transmitters and transceivers in 2018. The penalty of dismissal also carries with it the cancellation...
Listed Filipino firm Basic Energy Corporation has sealed a 50:50 joint venture pact with Japanese firm Renova Inc. for the commercial development of Mabini wind power project that could potentially yield 50-megawatt capacity addition to the country’s power supply. Basic Energy announced that the...
The consortium-members of the Malampaya gas field will inject up to $800 million worth of investments to stretch the facility’s production life cycle, as anchored on the 15-year extension granted by the government on the project’s Service Contract (SC) 38. As emphasized by Prime Infrastructure...
(Ted Aljibe/AFP) Camarines Sur 2nd district Rep. LRay Villafuerte is urging the Department of Health (DOH) to release the unpaid Covid allowances worth at least P27 billion that have been due to healthcare workers (HCWs) since 2021. “It’s nearly a year...
The Philippines has received backing from the World Bank Group (WBG) for the government's digitalization initiative aimed at improving tax administration and other critical sectors, a Cabinet official said. Finance Secretary Ralph G. Recto said that the WBG has shown strong support for...
Senator Raffy Tulfo has said on Wednesday, April 17 that he is in close coordination with the Department of Foreign Affairs (DFA) and the Department of Migrant Workers (DMW) regarding the safe return of the four Filipino seafarers aboard the Portuguese vessel MSC Aries. Tulfo, chairperson of the...
Power supply in the Luzon system is still at its ‘fragile state’, prompting system operator National Grid Corporation of the Philippines (NGCP) to declare fresh wave of ‘yellow alert’ condition in the grid on Wednesday (April 17) as 18 electric generating units are still on forced outages....
The Department of Education (DepEd) continues to be the country’s most trusted government agency, based on the results of an OCTA Research survey conducted in the first quarter of 2024. The survey results released on Wednesday, April 17 revealed that Deped is trusted by 82 percent of Filipinos....
The Bataan Nuclear Power Plant (AFP/MANILA BULLETIN) As the country faces the prospect of a power shortfall amid the extreme summer heat, Pangasinan 2nd district Rep. Mark Cojuangco has called on the Department of Energy (DOE) to consider nuclear energy as...
The Department of Energy (DOE) is seeking for VAT-exemption on the purchase and sale of indigenous natural gas, and the sale of power using indigenous natural gas as part of the fiscal incentives to be granted under the proposed law developing the Philippines’ natural gas industry. Energy...
