Top News

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 …

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.

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 …

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.

An international volunteer network recently urged President Rodrigo Duterte to heed the Philippine Overseas Employment Administration’s (POEA) appeal for a much stricter and more stringent implementation of the regulatory policy on escrow deposit on foreign recruitment agencies.

By Jinky Jorgio The National Wages and Productivity Commission (NWPC) admitted that government economic manages have officially thumbed down the proposal of the Department of Labor and Employment (DOLE) to grant financial subsidy to minimum-wage earners.

In a report released Wednesday, Malaysia-based RAM Ratings Services Berhad (RAM) announced that it upgraded the Philippines’ global credit rating by one notch to “gBBB2(pi),” or BBB equivalent, a notch above the minimum investment grade. The upgrade was on the back of the country’s sustained growth momentum, a persistent uptrend in foreign direct investment (FDI) inflows, and continuous progress in …

House Majority Floor Leader Rolando Andaya Jr. commended Secretary Benjamin Diokno and the Department of Budget and Management (DBM) for pursuing reforms in the budget system, particularly the shift to an annual cash-based budget, during a live television interview on August 30, 2018.

Senator Francis Escudero was humbled by President Rodrigo Duterte naming him as his preferred successor if he pushes through with plans to step down from the presidency.

President Rodrigo Roa Duterte will lead a ceremony on Monday, August 6, to mark the passage of the Bangsamoro Organic Law (BOL), a landmark law that will give meaningful autonomy to the Moro people in Mindanao.