National
House sets 2 more LEDAC priority bills for approval
The House of Representatives is set to approve two more Legislative-Executive Development Advisory Council (LEDAC) priority bills on final reading this week before the 19th Congress adjourns sine die its first regular session on June 2. The bills are the proposed Philippine Salt Industry Development Act and Bureau of Immigration Modernization Act that would bring to 33 the total…
Makati Business Club joins call for EOPT passage, acknowledges Salceda effort in crafting tax measure
The Makati Business Club (MBC) has joined the call of various sectors for the passage of a law that will make paying taxes for Filipinos easy, boost tax payment compliance. The business group has also hailed the efforts of, among others, House Ways and Means Chair Albay Rep. Joey Sarte Salceda in crafting such measures.
PH, JICA ink MRT 3 rehab project loan deal
The Philippine government and the Japan International Cooperation Agency (JICA) have recently signed the JPY17.4-billion (US$130 million) Metro Rail Transit (MRT) Line 3 Rehabilitation Project (II) loan agreement. The aaccord was signed by Department of Finance (DOF) Secretary Benjamin Diokno and JICA chief representative in the Philippines Sakamoto Takema at the DOF office in Manila. The rehabilitation includes provisions for capacity expansion including rolling…
BSP to Bank owners: Protect depositors’ money
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has urged bank owners to protect their depositors’ money, a function that constitutes their primary responsibility. In his speech during the launch of the book “Banking Laws of the Philippines – Annotated” at the Central Bank’s main office in Manila recently. Medalla underscored the need to update banking laws to…
World Bank OKs US$100-M Mindanao agri dev’t project for IPs
The World Bank has approved a US$100 million agriculture development project to help boost the livelihood of farmers and fisherfolk in indigenous cultural communities in Mindanao. Philippines. In a statement over the weekend, World Bank said the Mindanao Inclusive Agriculture Development Project (MIADP) is expected to benefit around 120,000 farmers and fisherfolk in selected ancestral domains in…
BOI: Gov’t confident to hit P1.5-trillion investment target
BALAMBAN, Cebu – The Board of Investments (BOI) has expressed confidence its P1.5 trillion investment pledges target this year will be achieved. In an interview over the weekend here, Trade Undersecretary and BOI managing head Ceferino Rodolfo said several big renewable energy (RE) projects are expected to be approved within the year. “These renewable energy projects…
National Gov’t posts 4-year high budget surplus in April
The national government posted a P66.8 billion budget surplus in April, this year, the highest recorded in four years. Bureau of Treasury (BTr) data showed that the budget surplus was significantly higher than the P4.9 billion in April last year, and was the highest recorded since the P88.87 billion in April 2019. Last month’s surplus…
PBBM forms inter-agency body on inflation, market outlook
President Ferdinand R. Marcos Jr. has ordered the creation of the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) tasked to directly address inflation and enhance initiatives to improve the economy and the quality of life of Filipinos.
PAPI’s SEARCH FOR OUTSTANDING COURT SHERIFF BEGINS
THE CALL for nominations for the Publishers Association of the Philippines, Inc. (PAPI) Outstanding Regional Trial Court Sheriff is now open.
AUSTRALIA ANNOUNCES MARITIME COOPERATION PACKAGE FOR PH, INCREASED ODA
Australia announced Thursday a maritime cooperation initiative package for the Philippines, including technical assistance and capacity building for the Philippine Coast Guard (PCG) as well as increased Official Development Assistance (ODA) for several initiatives, including the Mindanao peace process.