Several Korean private companies are heading to Mindanao to build partnerships with fellow private firms there, the Embassy of the Republic of Korea in the Philippines said Wednesday, April 20. Korean Ambassador to the Philippines Kim In Chul (Photo courtesy of Embassy of the Republic of Korea in...
Benchmark interest rates moved sideways as investors tend to be concerned about a potential hawkish policy stance by the US Federal Reserve. At an auction of Treasury bills on Monday, April 18, the bellwether 91-day rate, which banks use in pricing their loans, dropped to 1.223 percent from 1.250...
Should he win in the upcoming May 2022 senatorial race, Sorsogon Governor Francis “Chiz” Escudero said he will pursue amendments to the Local Government Code of 1991 to give local government units (LGUs) more power and autonomy. The law, which has been substantially unchanged for 31 years,...
The Philippine government sold its second “green” bonds, this time in the Japanese debt market through a four-tranche yen-denominated offering, the Bureau of the Treasury announced on Wednesday, April 13. The bureau said the government raised ¥70.1 billion, roughly P28.95 billion, via a...
Finance Secretary Carlos G. Dominguez III has appointed 958 local treasury executives in the past five years to improve the fiscal position of the local government units (LGUs). In a statement released by the Department of Finance (DOF) on Wednesday, April 13, it said that Dominguez’s...
The Las Pinas City Tourism Office was recognized by the Department of Tourism (DOT) for its continued support and dedicated service to Philippine tourism. Mayor Imelda Aguilar thanked DOT Regional Director Sharlene Zabala-Batin for giving a plaque of recognition to the City Tourism Office headed by...
National solutions are no longer sufficient in responding to security issues, because non-traditional and existential threats to humanity, like pandemics and climate change, have trans-border implications affecting not only states but regions and the world. Instead, comprehensive approaches beyond...
BACOLOD CITY – Some government offices and classes have been suspended here and in Negros Occidental on Monday, April 11, due to ill-effects of tropical depression ‘Agaton’ which battered central Philippines. Personnel of the City Disaster Risk Reduction and Management Office (CDRRMO) in...
Short-term benchmark interest rates dipped as global oil prices eased. At the Bureau of the Treasury’s auction on Monday, April 11, the yield on three-month papers, which banks use in pricing their loans, dropped to 1.250 percent from the 1.380 percent fetched during the previous week. The...
Updating the country’s property valuation system is the correct way to impose a so-called “wealth tax” that local government units (LGUs) can impose on affluent individuals, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Monday, April 11, that LGUs can...
The Department of Foreign Affairs (DFA), in coordination with the Pasay City local government, conducted "Passport on Wheels" on Monday (April 11) at the Cuneta Astrodome. Mayor Emi Calixto-Rubiano said the mobile passport renewal/application program is open to all residents who wish to apply or...
TACLOBAN CITY -- Local Government Units in Eastern Visayas have suspended government works and classes at all levels for Monday due to heavy rains and massive flooding brought by Tropical Storm 'Agaton'. Southern Leyte Governor Damian Mercado issued an executive order suspending classes at all...
