Home / Top News (page 4)

Top News

Boracay—‘cesspool’ no more?

By Tracy Cabrera A soft opening is scheduled for the reopening of the tiny island of Boracay in October.

Read More »

Economic execs bare plan vs high prices

The Economic Development Cluster (EDC) of the Duterte Cabinet expects “moderate” inflation in the months ahead following the implementation of a slew of measures to help tame the rise in commodity prices, which include streamlining import procedures for rice, fish and sugar to boost their supply in the domestic market.

Read More »

Government spending hits P328-B high in July

Government spending reached its peak so far for the year at P328.1 billion in July 2018, representing an increase of P83.0 billion, or 34%, from the same period last year. The spectacular rise in spending was due to infrastructure and other capital outlays as well as subsidies to government corporations. For the first seven months of the year, disbursements have …

Read More »

P800-B projects under Duterte will be completed by 2022

By Jinky Jorgio Public Works Secretary Mark Villar said the Philippines will be a completely different country from today as far as infrastructure is concerned.

Read More »

Agri reforms to lower food prices—Neda

A committed effort from agencies in the agriculture sector to boost output and introduce policy reform is needed to bring down prices of agricultural products, the National Economic and Development Authority said.

Read More »

No delay in ease of doing business law IRR —DTI

Department of Trade and Industry (DTI) Secretary Ramon Lopez on Friday assured there will be no delay in the release of the implementing rules and regulations (IRR) of Republic Act No. 11032 or the Ease of Doing Business (EODB) and Efficient Government Service Delivery Act of 2018.

Read More »

NFA ordered to explain low rice procurement

The Department of Finance (DOF) has asked the National Food Authority (NFA) to immediately explain why it had procured palay stocks way below its projected buffer requirement in the second half of 2017 and revised its buying mix to heavily favor imports over rice from local farmers during the same period, despite ample funds at its disposal and a standby …

Read More »

Government taps new China aid body for loans

The Philippines has submitted to the new aid agency of the People’s Republic of China an indicative list of 12 big-ticket infrastructure projects that will undergo feasibility studies with possible Chinese grant financing, according to Finance Secretary Carlos Dominguez III.

Read More »

Stop nitpicking on car owners, not culprits of EDSA traffic mess – groups

By Jinky Jorgio The controversial High Occupancy Vehicle policy, which was earlier suspended by the Metro Manila Development Authority (MMDA), was criticized today by militant groups Sanlakas and the Bukluran ng Manggagawang Pilipino (BMP) for “imposing draconian measures on middle class car owners while turning a blind eye to the profiteering by banks and car manufacturers”, which according to both …

Read More »

AIIB studies financing modes for Phl projects

Finance Secretary Carlos Dominguez III has welcomed a proposal by the Asian Infrastructure Investment Bank (AIIB) to explore the possibility of local currency financing and a variable spread facility in providing loans to help fund the “Build, Build, Build” program of the Duterte administration.

Read More »