The government released ₱9.75 billion to address long-standing funding shortfalls under its tuition-free tertiary education program, clearing obligations that forced state colleges and universities to absorb costs for three academic years. In a statement on Sunday, Aug. 16, Acting Budget...
Senate President Sherwin Gatchalian on Saturday, Aug. 15, said he had never heard of a so-called “leadership fund” for senators, as he rejected claims made by former Department of Public Works and Highways (DPWH) secretary Manuel Bonoan. Bonoan has claimed that a P24zbillion “leadership...
For a long time, the prevailing narrative surrounding Islamic banking in the Philippines was trapped in a narrow frame. Most consumers assumed it was a niche service exclusive to Muslim communities or strictly intended for regional development in Mindanao. Amenah “Mina” Pangandaman,...
Filipinos will now have more options when traveling to Türkiye after the Department of Transportation (DOTr) signed an agreement to double the daily flights between Manila and Istanbul. In a statement, Acting Transportation Secretary Giovanni Lopez said he signed a memorandum of understanding...
The Philippines will once again import canned pork products following the lifting of a temporary ban imposed in response to the spread of African swine fever (ASF). Agriculture Secretary Francisco Tiu Laurel issued Department Circular (DC) No. 42 on Aug. 11 to lift the ban on the importation of...
Fears that artificial intelligence (AI) could lead to massive job losses in the Philippines’ information technology and business process management (IT-BPM) industry may be overstated as the sector continues to grow despite the rapid adoption of the technology, the country’s chief economist...
The Philippines is set to strengthen marine ecosystem protection and expand sustainable livelihood opportunities through €200 million (approximately ₱14 billion) in financing from French development bank Agence Française de Développement (AFD). Secured by the Department of Finance (DOF), the...
Rice imports rose by nearly 27 percent year-on-year to more than three million metric tons (MT) in the first seven months, as the country ramped up purchases of foreign supplies to secure adequate stocks ahead of El Niño. The latest Bureau of Plant Industry (BPI) data showed that the country’s...
Using personal social media accounts does not exempt teachers and other school personnel from professional and ethical standards, the Department of Education (DepEd) reminded its personnel. This came after the agency received reports of posts that may not be consistent with DepEd’s standards of...
President Marcos’ economic managers will outline their roadmap for navigating global market volatility and domestic pressure at the annual Economic Journalists Association of the Philippines (EJAP) forum on Friday, Aug. 14. Finance Secretary Frederick Go, Bangko Sentral ng Pilipinas (BSP)...
Global technology and infrastructure firm iSON Group is looking to expand its $300 million investment commitment in the country with the addition of new projects in digital healthcare and business process outsourcing (BPO), according to the Department of Finance (DOF). Finance Secretary and...
The Philippines is exploring potential areas for deeper cooperation with New Zealand, as both countries reaffirmed their commitment to increase bilateral trade by 50 percent by 2030. In a statement on Wednesday, Aug. 12, the Department of Trade and Industry (DTI) said Philippine and New Zealand...
