Government

Government eyes more key infrastructure programs for Northern Mindanao

July 7, 2024

The government aims to pursue more key infrastructure programs across Northern Mindanao to help boost agricultural productivity in the region, according to President Marcos. President Marcos traveled to Tubod, Lanao del Norte last Friday, July 5, to le...

BSP: Inflation in June may have hit 3.4-4.2%

June 29, 2024

Cai U. Ordinario

EXPENSIVE food items such as rice and the depreciation of peso may have led to faster inflation in June, according to the Bangko Sentral ng Pilipinas (BSP).

3 issues thwart PHL bid to exit FATF grey list

June 29, 2024

Cai U. Ordinario

THE Philippines has again fallen short of exiting the grey list of the Paris-based Financial Action Task Force (FATF).

PBBM welcomes New Zealand’s Deputy PM and Foreign Affairs Minister Winston Peters

June 12, 2024

Samuel Medenilla

President Ferdinand R. Marcos, Jr. said he is banking on the support of New Zealand and other small countries for the Philippines to have a bigger voice in global politics. He made the pronouncement during his meeting with New Zealand Deputy...

DOF: Growth will hit low end of 6-7% goal

May 20, 2024

Reine Juvierre S. Alberto

THE Philippines’ economic growth could settle within the lower end of the national government’s target of 6 to 7 percent this year, according to the Department of Finance (DOF).

IPOPHL takes decisive action against top piracy websites with site-blocking measures

May 20, 2024

Andrea E. San Juan

THE Intellectual Property Office of the Philippines (IPOPHL) said it has issued its first site-blocking request against 11 sites under the YTS brand, one of the top piracy websites in the world.

Analysts: PHL may not be able to cut rates ahead of Fed

May 20, 2024

Cai U. Ordinario

THE Bangko Sentral ng Pilipinas (BSP) may not have sufficient resources to cut interest rates ahead of the United States Federal Reserves, according to foreign analysts.

No excise tax rate hike amid projected revenue dip–DOF

May 20, 2024

Reine Juvierre S. Alberto

THE Department of Finance (DOF) will not impose a rate hike in excise taxes, particularly on sin taxes, amid the expected drop in revenues to be collected this year, according to its chief economist.

Govt sets Oct. 3 deadline for tariff-tweak rules for PPPs

May 20, 2024

Lorenz S. Marasigan

BAGUIO CITY—The government has set a deadline for regulatory bodies to issue standards on tariff adjustments for Public-Private Partnership (PPP) deals.

FMJr orders probe of ‘wiretapping’ by Chinese Embassy; Masinloc fishermen undeterred by China’s arrest threat

May 20, 2024

PRESIDENT Marcos has vowed to investigate the alleged wiretapping by the Chinese Embassy in Manila against the Armed Forces’ Western Command.

Debt payments surge 74.3% to ₱986.04B in Q1

May 6, 2024

Reine Juvierre S. Alberto

THE national government disbursed a total of P986.036 billion in the first quarter of 2024 for payment of its domestic and external debts, with amortization outpacing interest payments for March, based on the latest data from the Bureau of the Treasur...

ADB sees highest net income allocation from ordinary capital resources in 2023

May 6, 2024

Cai U. Ordinario

TBILISI, Georgia—The Asian Development Bank (ADB) recorded its highest net income allocation in history from its ordinary capital resources (OCR) last year.

PHL to ADB: Fund MSMEs more, push competitiveness

May 6, 2024

Cai U. Ordinario

TBILISI, Georgia—The Philippine government encouraged the Asian Development Bank (ADB) to provide more support to local micro, small and medium enterprises (MSMEs) to increase their competitiveness.

‘Tap e-system solutions for faster infra flagship rollouts’

May 6, 2024

Samuel P. Medenilla

PRESIDENT Ferdinand R. Marcos Jr. has directed concerned government offices to tap electronic system solutions to fast-track the rollout of infrastructure flagship projects (IFP).

Marcos still probing ‘secret’ deal on SCS

April 16, 2024

Samuel Medenilla

PRESIDENT Ferdinand R. Marcos Jr. said he is ready to take action on the “secret agreement” entered into by the previous administration with China concerning the South China Sea (SCS).

Australia biz forum nets PHL $1.53B worth of investments

March 5, 2024

Andrea E. San Juan

THE Philippines secured $1.53 billion or P86 billion worth of investments from 12 business deals signed with Australia during a business forum on the sidelines of the Asean-Australia Special Summit held in Melbourne on Monday.

AFP sees no armed destab threat for PBBM gov’t

November 4, 2023

Rex Anthony Naval

The Armed Forces of the Philippines (AFP) on Saturday said that it does not see any threats where the existing government will be overthrown by violent means even as it called reports quoting its chief, Gen. Romeo Brawner Jr., on such such possibilitie...

Marcos pitches Maharlika Investment Fund, tech at Asia Summit

September 13, 2023

Samuel P. Medenilla

STRONG economic fundamentals, the soon-to-be implemented Maharlika Investment Fund (MIF), and a thriving tech ecosystem headlined President Ferdinand R. Marcos Jr. call for new investments during the 10th Asia Summit of the Milken Institute in Singapo...

House vows to curb price spikes amid better ratings

September 10, 2023

Jovee Marie de la Cruz

The House of Representatives is committed to fighting inflation and ensuring affordable basic goods for Filipinos. Speaker Ferdinand Martin G. Romualdez expressed the chamber's dedication to supporting the prosperity agenda of President Ferdinand Marco...

Solons press Executive to restore state universities and colleges’ budget cuts

September 10, 2023

Jovee Marie de la Cruz

AS 30 out of 117 state universities and colleges (SUCs) in the Philippines are set to receive less funding for 2024, lawmakers appealed to the national government to give students the chance to have a free state university education.