The Department of Finance (DOF) has reported that the application for tax incentives for 45 projects, with a combined investment capital of P721.3 billion, has been approved by the Fiscal Incentives Review Board (FIRB). In a statement on Wednesday, Oct. 25, the DOF said these projects are...
In the country’s bid for nuclear power development renaissance, the Philippine government – through the Department of Energy (DOE) – has been in search for viable financing tools and instruments that shall underpin planned deployments not just of the small modular reactors (SMRs) but also...
The Department of Budget and Management (DBM) has released nearly P4 billion to fund the government’s tuition-free college education program. Budget Secretary Amenah F. Pangandaman said she approved a Special Allotment Release Order (SARO) amounting to P3.84 billion for the Universal Access to...
The Department of Finance’s (DOF) threw its support behind the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to harness the Philippines’ potential as a global investment hub. In a statement on Wednesday, Oct. 25, Finance Secretary Benjamin E....
Department of Information and Communications Technology (DICT) Assistant Secretary (Asec) Renato Paraiso, on Tuesday, Oct. 24, guaranteed the safety of online precinct finders for the upcoming 2023 Barangay and Sangguniang Kabataan Elections (BSKE). Photo credit to DICT In a press conference,...
The 136 Filipinos, who are awaiting repatriation, are all safe and accounted for despite the dwindling food and water supply in Gaza, Philippine Ambassador to Jordan Wilfredo Santos said on Tuesday, Oct, 24. Palestinians carrying foreign passports wait at the Rafah gate in the hopes of crossing...
The Department of Finance (DOF) said the People's Survival Fund (PSF) has greenlit about P539 million worth of fresh climate adaptation projects. The DOF said the PSF Board’s newly-approved adaptation projects will be implemented in Mountain Province, the City of Borongan, and the Municipalities...
In an effort to mitigate the current oil prices, President Marcos wants to reduce the trigger period for fuel subsidy from three months to one month, the Department of Energy (DOE) said. In a statement, Energy Secretary Raphael P.M. Lotilla said that Malacañang wants to change the language of the...
Public spending likely exceeded the government's third-quarter program by a tenth, driven by accelerated infrastructure expenditures, the Department of Budget and Management (DBM) said. In the National Government's August 2023 disbursement report, the DBM indicated that the Marcos...
President Marcos has ordered to reduce the trigger period in providing fuel subsidy to the transport sector. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting in Malacañang on Oct. 24, 2023. (Photo courtesy of PPA Pool/KJ Rosales) From three months, the...
The National Wages and Productivity Commission (NWPC) has approved a wage increase ranging from P30 to P35 for minimum wage earners in the Ilocos and Western Visayas region, the Department of Labor and Employment (DOLE) said. In a statement, DOLE said the wage increase— P30-P35 in Ilocos Region...
The Department of Information and Communications Technology (DICT) on Monday, Oct. 23 expressed concern regarding the potential risks related to the interconnection of e-wallets with untrusted applications. Department of Information and Communications Technology (DICT) "The increasing number...
