The Philippines has shifted its focus from recovering post-pandemic to transforming its economy, which would increase local production and bring in more investment, President Ferdinand R. Marcos Jr. said on Wednesday. Speaking during the 10th Asia Summit in Singapore, President Marcos recalled the lessons the Philippines has taken from the COVID-19 pandemic, including the need…
Putting up the Maharlika Investment Fund (MIF) is the government’s way of tapping the country’s reserve for investment without increasing borrowings, President Ferdinand R. Marcos Jr. told an Asian regional summit in Singapore. President Marcos also outlined MIF investment opportunities in the Philippines. “We looked internally and saw what are the reserves that we have…
ONCE enacted into law, the proposed Senate bill on legalizing the use of medical cannabis or marijuana, the Philippines will accept result of studies and research from worldwide. Vast majority of the local lawmakers are convinced of the plants’ efficacy. This was disclosed by Dr. Richard Nixon Gomez, inventor, scientist and general manager of Bauertek…
President Ferdinand R. Marcos Jr. invited foreign businesses to invest in the Philippines as he emphasized that the country is open for business and is ready to partner with them in shaping a brighter future for everyone. “As we stand here discussing ways how we can collaborate, I invite each one of you to consider…
Malacañang issued Executive Order (EO) No. 40 on Wednesday, extending the moratorium on the payment of the principal obligation and interest of the amortization due and payable by agrarian reform beneficiaries (ARBs). President Ferdinand R. Marcos Jr. signed EO 40 on Tuesday, which he announced during the Department of Agrarian Reform’s (DAR) presentation of the…
The Department of Information and Communications Technology (DICT) targets to deploy national digital identifications (IDs) by the end of the year following President Ferdinand R. Marcos Jr.’s instruction to fast track its issuance after several delays. In a press briefing in Malacañang on Wednesday, DICT Secretary Ivan Uy said that, like the rest of the…
The completion of the Implementing Rules and Regulations (IRR) of the New Agrarian Emancipation Act (NAEA) is the best birthday gift he could ever receive, President Ferdinand R. Marcos Jr. remarked on Tuesday. The agrarian reform department presented to President Marcos the IRR of the NAEA, or Republic Act No. 11953, after signing the two-year…
The Department of Social Welfare and Development (DSWD) targets to finish the distribution of livelihood assistance to affected rice farmers by Thursday, September 14, in response to President Ferdinand R. Marcos Jr.’s order to expedite the payout and in compliance with the election period spending ban. In a press briefing in Malacañang on Tuesday, DSWD…
In a grand celebration of innovation and camaraderie, the Department of Science and Technology – Technology Application and Promotion Institute (DOST-TAPI) is setting a historic milestone with the unveiling of “Lunduyan 2023” this coming October 2 at the Podium Hall in Mandaluyong City, Metro Manila. The event, a first of its kind spearheaded by DOST-TAPI,…
President Ferdinand R. Marcos Jr. urged the Intellectual Property Office of the Philippines (IPOPHL) on Monday to work with the World Intellectual Property Organization (WIPO) and its partners in crafting programs that will strengthen the country’s IP regime and boost innovation. In his remarks delivered by Trade Secretary Alfredo Pascual for the World Intellectual Property…
