The Philippines has signed an agreement with South Korea for a total loan worth 3 billion US dollars, which is earmarked for the country's infrastructure projects. Department of Foreign Affairs (DFA) Secretary Enrique Manalo and Korean Ambassador to the Philippines Kim In Chul signed on Wednesday...
The National Economic and Development Authority (NEDA) has called for a swift enactment of the planned sovereign wealth fund to enhance the newly approved blueprint for the socioeconomic development of the country. Socioeconomic Planning Secretary Arsenio M. Balisacan said the proposed Maharlika...
The upgrade of the Monsanas- Upper Dimorok-Lower Dimorok Road will improve mobility and the transport of goods in Zamboanga del Sur, the Department of Public Works and Highways (DPWH) said on Monday, Dec. 19. DPWH Regional Office 9 Director Cayamombao D. Dia reported that the newly-paved...
The government approved the country’s blueprint for socioeconomic development over the medium term, and extended the tariff reduction on key commodities until next year, the National Economic and Development Authority (NEDA) said. In a statement, Socioeconomic Planning Secretary Arsenio M....
Before the day ended on Wednesday, Dec. 14, Trade and Industry Secretary Alfredo E. Pascual issued his third department order (DO) for the day, as he sought to clarify the leadership position at the Philippine Economic Zone Authority, but only muddled the issue some more. DO 22-116, Series of 2022,...
The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
With the Association of Southeast Asian Nations (ASEAN) amid a post-pandemic economic recovery and growing digital economy, President Ferdinand “Bongbong” Marcos Jr. on Tuesday, Dec. 13, highlighted the importance of inter-regional cooperation with the European Union (EU). President Ferdinand...
The Philippine Economic Zone Authority has approved a total of P57.048 billion in committed investments in the January-November period this year or 11 percent lower than the P64.463 billion approvals in the same period last year. PEZA OIC Deputy Director General Tereso O. Panga noted that the...
The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Economic Zone Authority (BEZA) is seeking to establish more economic zones, especially for Halal hubs in the region, which is composed of six provinces and three cities. Philippine Economic Zone Authority (PEZA) Deputy Director General...
Another measure filed by Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has been approved on third and final reading by his colleagues in the House of Representatives. Ilocos Norte 1st district Rep. Sandro Marcos (Noel Pabalate/ MANILA BULLETIN) Given final approval...
The Bureau of Customs (BOC) must send a strong message to traders involved in the big-time smuggling of agricultural goods. Benguet lone district Rep. Eric Go Yap (Facebook) Benguet lone district Rep. Eric Yap said the BOC can do so by filing air-tight, non-bailable cases against such smugglers,...
Senate Committee on Ways and Means Chairman Senator Sherwin Gatchalian wants to know the economic managers' basis for supporting the controversial Maharlika Wealth Fund (MWF). Senator Sherwin Gatchalian (Facebook) Gatchalian had this to say Saturday, Dec. 10 in a DWIZ interview following reports...
