The Philippines is banking on new trade agreements to boost market access and reverse the decline in exports and foreign investments due to uncertainties driven by the tariff policy of the United States (US), according to Trade Secretary Cristina Roque. Based on data from the Philippine Statistics...
With the online gambling sector turning into a declining industry, Finance Secretary Ralph G. Recto assured that alternative revenue sources will be “very much welcome” to offset potential losses from stricter regulations or a possible gaming ban. “Any additional revenue stream for the...
The Department of Information and Communications Technology (DICT) is coming out with a new circular that will extend the validity of the licenses of independent tower companies (ITCs) from the current five years to at least 15 years or longer to match the lifespan of the facilities they are...
The Department of Energy (DOE) said the agency is developing a carbon credit policy for the energy sector to attract investments, reduce emissions, and help the country meet its climate goals. In a statement on Monday, Aug. 18, the DOE said the policy aims to guide energy stakeholders, particularly...
As Metro Manila grapples with persistent flooding during the rainy season, the Department of Energy (DOE) is renewing its focus on waste-to-energy (WTE) as a potential solution to both reduce waste and contribute to the country’s energy supply. Energy Secretary Sharon Garin told reporters that...
The Department of Agriculture (DA) is seeking ₱3.5 trillion in total investments—including support from the private sector—to transform the country’s agriculture sector into a more robust, economically viable contributor to national food and economic security. During the launch of the...
The Department of Transportation (DOTr) has ordered Light Rail Manila Corp. (LRMC) to compensate passengers who were injured following an escalator malfunction at FPJ Station of Light Rail Transit Line 1 (LRT-1). In a statement, Transportation Secretary Vince Dizon reminded LRMC to uphold the...
Indian dyes and chemicals company Kiri Industries Limited (KIL) is exploring the prospect of expanding in the Philippines through an integrated copper smelting, refining, and fertilizer production facility, according to the Department of Trade and Industry (DTI). In a statement, the DTI said KIL...
The Department of Agriculture (DA) is looking to leverage its proposed higher budget next year to drive growth in the country’s farm, fisheries, and livestock sector, ensuring greater food security in the process. In a statement, Agriculture Secretary Francisco Tiu Laurel said the agency’s...
Motorists may face a fuel price shake-up next week, with gasoline expected to rise amid strong demand, while diesel may see a rollback due to growing supply. Based on the four-day Mean of Platts Singapore (MOPS), gasoline per liter may increase somewhere between ₱0.40 and ₱0.60, while diesel...
Budget Secretary Amenah F. Pangandaman has assured that big-ticket foreign-assisted programs and projects will no longer suffer from delays, given the budget cover included in the proposed 2026 spending plan of the national government. For its part, aid agency Japan International Cooperation Agency...
The government has proposed a ₱31-billion National Disaster Risk Reduction and Management Fund (NDRRMF) or calamity fund for 2026, nearly 50-percent higher than this year’s allocation. According to the National Expenditure Program (NEP) for fiscal year (FY) 2026, the proposed calamity...
