The Washington-based World Bank has committed to lend the Philippines $350 million, or over ₱19 billion, for an upcoming Department of Agriculture (DA) project aimed at extending financing support to small agri-businesses. A July 11 project information document showed a project cost of $873...
The United States Department of Agriculture (USDA) has revised upward its forecast for global rice production by 300,000 metric tons (MT) amid higher rice output in the Philippines. In its latest report on world grain markets and trade, the USDA credited the high yields from the Philippines for...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the government remains “optimistic” about securing a beneficial trade deal with the United States (US), even as President Donald Trump hiked tariffs on Philippine goods to 20 percent. “Of course we’re always optimistic,...
The Department of Justice (DOJ) has indicted MFT Group and Foundry Ventures, along with their officers, for the unauthorized solicitation of investments from the public following the case buildup by the Securities and Exchange Commission (SEC). In a resolution dated May 26, state prosecutors found...
Amid rising concerns over online gambling, one of the country 's top economic officials proposed leveraging e-wallets as a tool for taxation. As President Marcos’ economic managers have yet to finalize their collective stance, Department of Economy, Planning, and Development (DEPDev)...
The Department of Transportation (DOTr) is allocating ₱89.13 million to replace the EDSA-Kamuning Footbridge in Quezon City, also known as Mt. Kamuning due to its high elevation, with a more accessible and commuter-friendly structure. In a bidding notice, the DOTr stated that the project...
The Department of Energy (DOE) stated that the Atimonan coal plant project faces significant hurdles in securing re-approval under the coal moratorium exemption. In a briefing, Energy Secretary Sharon S. Garin explained that the coal project‘s re-evaluation must meet regulatory requirements,...
Due to the series of attacks on ships in the Red Sea over the past two years, Senator Raffy Tulfo said that the Department of Migrant Workers (DMW) should consider banning the deployment of Filipino seafarers to ships passing through the area and instead assign them to vessels taking safer sea...
The Department of Energy (DOE) said the agency is addressing persistent power interruptions in off-grid areas, particularly Siquijor and Camotes Island, as it began rolling out short-term solutions to stabilize electricity supply. In a briefing on Wednesday, July 9, Energy Assistant Secretary Mario...
The Philippines, through the Department of Finance (DOF), is urging multilateral development banks (MDBs) to increase their capacity to offer loans, enhance the impact of supported projects, and offer more concessional lending terms, grants, and technical assistance. During the fourth international...
The Department of Energy (DOE) has been keeping an eye out for potential violations within the oil industry amid concerns over possible cartelization. DOE Officer-in-Charge (OIC) Sharon S. Garin explained that the agency does not have official policies on these matters; however, it can act as a...
The Department of Energy (DOE) is pushing forward with its hydrogen exploration efforts, conducting a survey in two Luzon provinces to gather geological and environmental data that will guide service contractors in their exploration activities. In a briefing, DOE Energy Resource Development Bureau...
