Senator Cynthia A. Villar asked the Department of Agriculture (DA) on Monday, Oct. 21, to allocate P7 billion to finance the Rice Competitiveness Enhancement Fund (RCEF) under the proposed 2025 national budget. Sen. Cynthia A. Villar asks the Department of Agriculture (DA) to allocate P7-billion to...
OVP Spokesman Michael Poa (left), Vice President Sara Duterte (Speaker's office, Facebook) Vice President Sara Duterte had direct control over the confidential and intelligence funds (CIFs) of the Department of Education (DepEd)...
Skipping anew the House good government inquiry into the Office of the Vice President’s (OVP) budget utilization on Thursday, Oct. 17, several OVP officials called the hearing unnecessary and echoed Vice President Sara Duterte’s call to terminate the panel’s proceedings. Vice...
The Philippines is set to host this December the first board meeting for the Loss and Damage Fund, the global fund that aims to help vulnerable nations address the impact of climate change caused by rapid industrialization, the Department of Environment and Natural Resources (DENR) said. ...
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Export Import Bank of Korea (KEXIM) vowed to support the Laguna Lakeshore Road Network (LLRN) project. The ADB has committed $1.2 billion as the initial tranche of funding, while the AIIB is contributing $188...
The Department of Justice (DOJ) declared that the Agarang Kalinga at Saklolo para sa mga Overseas Filipino Workers na Nangangailangan (Aksyon) Fund is "for all OFWs in need of assistance regardless of their location." In a legal opinion issued by Justice Secretary Jesus Crispin C. Remulla, the DOJ...
The Commission on Audit (COA) has reminded local government units (LGUs) to utilize fully their Disaster Risk Reduction and Management Fund (DRRMF) to fulfill the purpose for which the fund was created. The reminder was issued by the COA in its 2023 annual audit report on the municipalty of Leon in...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Rep. Rodriguez's Facebook) Instead of next year, Cagayan de Oro City 2nd district Rep. Rufus Rodriguez is urging the Supreme Court (SC) to set for next month the hearing on the controversial...
BillEase, a local digital consumer finance platform, has secured an investment from The Rise Fund, a multi-sector initiative under Texas Pacific Group’s (TPG) global impact investing strategy. In a statement on Tuesday, Sept. 3, BillEase chief Executive Officer Georg Steiger said that this...
The Home Development Mutual Fund or more popularly known as Pag-IBIG Fund grew its net income by over a fifth to P28.4 billion in the first half of 2024, on the back of higher collections coupled with lower expenses. To recall, Pag-IBIG Fund last February hiked members' monthly contribution rate to...
President Marcos has signed into law Republic Act (RA) No. 12019, or the "Loss and Damage Fund Board Act", which grants juridical personality and legal capacity to the Loss and Damage Fund (LDF) Board that will respond to loss and damage due to climate change. File photos The President signed the...
The establishment of a “decarbonization fund” will be mandated for large-scale enterprises that will exceed their carbon emissions target, as proposed in a “Low Carbon Economy” bill that recently secured approval from the House Committee on Climate Change. The propounded “low carbon...
