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The Philippines and the European Union (EU) convened the Third Meeting of the Sub-Committee on Development Cooperation in Brussels, Belgium on November 21, 2023. At the meeting, both the Philippines and EU emphasized their shared interests and values, as well as their commitment to continue their partnership through development cooperation under the EU-Philippines Partnership and Cooperation Agreement. The Sub-Committee Meeting …

Lotto bettors are in for grand Christmas prizes, after the  Philippine Charity Sweepstakes Office (PCSO) offers more than P1-B in combined winnings for lucky bettors. This was announced recently by PCSO General Manager Mel Robles saying the Grand Lotto (6/55) and Ultra Lotto (6/58) games will have a guaranteed minimum grand prize of P500 Million. The high-stakes games started last …

Ranking Filipino and American military chiefs have agreed to maintain closer ties amid China’s illegal and aggressive actions targeting Philippine vessels performing their mandate in the West Philippine Sea (WPS). This came following Monday’s phone conference between Armed Forces of the Philippines (AFP) chief Gen. Romeo Brawner Jr. and US Joint Chiefs of Staff chair Gen. Charles Brown Jr., where …

The Employers Confederation of the Philippines (ECOP) and affiliated business organizations are targeting to create over a million additional jobs in 2024 as part of their joint commitment to support the Marcos administration’s employment agenda. ECOP president Sergio Ortiz-Luis, Jr. said on Friday that the private sector-led employment-generation initiative called “Project Jobs” would be pursued in collaboration with the Philippine …

The Department of Finance (DOF) urges the speedy distribution of a $100-billion minimum funding for climate change-mitigation projects for developing countries each year under the United Nations’ sustainability goal. In a statement released Monday last week, the DOF said the fund will be part of the New Collective Quantified Goal on climate finance which is slated to be launched next …

The November 2023 inflation of 4.1 percent is within the BSP’s forecast range of 4.0 to 4.8 percent. The latest inflation outturn is consistent with the BSP’s projections that inflation will likely moderate over the near term due to easing supply-side price pressures and negative base effects. The balance of risks to the inflation outlook still leans significantly towards the …

Chairman Michael Ted Macapagal of the Philippine National Railways expressed admiration for One Ayala Transport Terminal, saying it is a good model for the government to emulate in its effort to minimize traffic gridlocks, if not to solve it outright. The construction of PNR’s North-South Commuter Railway, which will run upon completion from Angeles City in Pampanga to Calamba City …

State pension fund Government Service Insurance System (GSIS) President and General Manager Wick Veloso announced that the GSIS is prepared to extend emergency loans to members and pensioners in CARAGA Region, Mindanao who were adversely affected by the 7.4 earthquake that rocked Surigao Del Sur last December 2.  Under the GSIS Emergency Loan program, qualified members who have no existing …

Finance Secretary Benjamin E. Diokno has showcased the progress of the Philippines’ digitalization initiatives and urged the global community to rapidly digitalize payments as a means to accelerate climate action in a 2023 United Nations Climate Change Conference (COP28) side event on December 4, 2023 at the Philippine Pavilion. With the support of UN-based Better Than Cash Alliance, the “Responsible …

Finance Secretary Benjamin E. Diokno has underscored that the newly enacted Public-Private Partnership (PPP) Code of the Philippines, which was signed into law as Republic Act No. 11966 by President Ferdinand R. Marcos, Jr. on December 5, 2023,  will enhance public-private collaboration and lay the foundation for ensuring the realization of high-quality infrastructure projects and services in the country. The …