BAKU, Azerbaijan – As existential threats on vulnerable countries are escalating, one of the major action agendas being advanced in this year’s 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) will be operationalization of the...
The Commission on Human Rights (CHR) has asked the government to speed up the compensation and other benefits due to more than 16,000 families or about 80,000 individuals, called internally displaced person (IDPs), who were severely affected during the five-month Marawi siege in 2017. Aside...
State-run Social Security System (SSS) is targeting to raise approximately P5 billion next year as an initial deposit from its revamped retirement program. Rolando Ledesma Macasaet, SSS president and chief executive officer, said he is confident in achieving the P5 billion goal due to the...
The reduction tariff on rice from 35 percent to 15 percent and additional government subsidies will lessen the cost of rice to P29 per kilo for the poor, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. Balisacan said on Tuesday, June 4, that adjusting the...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the government should avoid giving subsidies to oil and power sectors as it would only benefit the rich. Balisacan told reporters on the sidelines of the Philippine Economic Briefing that subsidies should be aimed...
In the first quarter of 2024, Pag-IBIG Fund members collectively saved a record P28.75 billion, setting the highest amount ever saved in the agency's history during a first quarter, according to top officials. This represents a 36 percent increase—roughly P7.66 billion more than the P21.09...
Pag-IBIG Fund’s home loan releases in the first quarter of 2024 reached P28.09 billion—the highest amount released by the agency for any January to March period in its history, its top officials announced during the North Luzon leg of the Stakeholders Accomplishment Report (StAR) last May 10....
Almost 2,000 families in Bulacan are expected to benefit from the national government’s housing project after the Home Development Mutual Fund or Pag-IBIG Fund released around P101.5 million for mass housing in Bocaue town. The fund is intended to finance the ongoing...
The Social Security System and Government Service Insurance System could buy the shares of Subic-Clark-Tarlac Expressway to benefit their pension funds, according to Finance Secretary Ralph G. Recto. Recto told reporters on Tuesday that the government has plans for the SCTEX including selling some...
The Social Security System (SSS) announced that its net revenues for the first three months of the year increased by 60 percent. In a proactive effort to reach its goal of P100 billion in total net income for this year, SSS said that the overall net revenues for the first quarter valued at P33.9...
The Office of the Ombudsman (OMB) has found probable cause to charge in court former Department of Health (DOH) secretary Francisco T. Duque and Procurement Service-Department of Budget and Management (PS-DBM) undersecretary Lloyd Christopher A. Lao with graft in the alleged illegal transfer of...
The Philippines is keen on hosting the Loss and Damage Fund (LDF) Board to secure increased climate financing and wider opportunities for cooperation to effectively tackle the impacts of climate change. In a statement on Tuesday, April 23, Finance Secretary Ralph G. Recto announced that President...
