The Duterte administration’s borrowings increased by over ninefold in October due to Bangko Sentral ng Pilipinas’ (BSP) cash advance to the national government, data from the Bureau of the Treasury showed. Gross borrowings of the national government in October this year increased by 1,244...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
DOT launches a video that promotes responsible travels and support for workers of the tourism industry BEHIND THE SCENES Toward the end of the video people in the background, tourism workers, were given their screen time These days, everyone dreams of being able to travel once again. This dream is...
Typhoon Ulysses’ damage and losses to the agriculture sector grew to P12.8 billion, from the previously reported P4 billion, due to production losses at farm commodities like rice, corn, high-value crops, among others. This is according to Department of Agriculture (DA) Spokesperson Noel Reyes,...
The Department of Agriculture’s (DA) senate-approved budget for 2021 is P86 billion, which is only 30 percent of the agency’s original budget proposal of P280 billion. In a statement, DA said the senate in a plenary session approved the proposed P85.58-billion budget of the DA, including those...
The downstream oil subsidiary of Chevron Corporation has named Billy Liu as its new Country Chairman and General Manager, replacing Louie Zhang who recently retired following more than three decades of service in the American firm. In taking the top post at Chevron Philippines Inc. (CPI), Liu will...
ⓒ Alejandro Luengo via Unsplash After gradually reopening top tourist spots like Boracay, Bohol, Baguio, or Ilocos for leisure travel, the Department of Tourism (DOT) and local government of Siargao are propping up the island for more visitors and hubaderas and surfers just in time...
With less than two months left for the year, the Philippines’ 2020 total rice imports so far stood at nearly 2 million metric tons (MT), coming from the usual countries like Vietnam and some unusual ones like China. As of November 13, 2020, 1.92 million MT of rice already entered the country,...
Fishermen in Bicol region, which was badly hit by Ulysses and Rolly, are worried that if they won’t be able to recover from the recent typhoons fast enough and fix their boats, they will stay hungry until February next year. Lagonoy Gulf Integrated Fisheries and Aquatic Resources Management...
Typhoon-hit fishermen are demanding to get a share from the Department of Agriculture's (DA) calamity fund a week after Ulysses, the deadliest storm to hit the Philippines so far for this year, made landfall and affected their livelihood. On Friday, Pambansang Lakas ng Kilusang Mamamalakaya ng...
Typhoon Ulysses’ damage to the agriculture sector is still rising more than a week since this year’s deadliest typhoon to hit the Philippines made landfall, and a group thinks it’s okay to blame it all on the government. Based on the latest data from the Department of Agriculture's (DA)...
The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
