World Bank OKs policy loan for climate resilience

The World Bank has recently approved a US$750 million development policy loan (DPL) for the Philippines to help boost its environmental protection and climate resilience.   In a statement, the World Bank said the Philippines’ First Sustainable Recovery Development Policy Loan supports ongoing reforms to attract private investment in renewable energy; enhance plastic waste management through reduction, recovery, and recycling; promote green transport,…

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PBBM wants 90-day relief aid for Albay ready on stand by

By Connie Calipay  LEGAZPI CITY – President Ferdinand R. Marcos Jr. assured the provincial government of Albay and affected local government units (LGUs) of quick help from different national government agencies amid the continuing unrest of Mayon Volcano which is currently under Alert Level 3. Marcos visited the province on Wednesday night to personally assess ongoing disaster…

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PH Navy chief Adaci Jr.: Hopefully Chinese naval visit will foster goodwill

Philippine Navy (PN) chief Vice Adm. Toribio Adaci Jr. expressed hope the current visit in Manila by a Chinese naval task force will result in more “goodwill and understanding” between the two navies. He made this statement following the courtesy call of Rear Adm. Su Yinsheng, political commissar of People’s Liberation Army PLA) Dalian Naval Academy, at the PN headquarters in…

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5-year plan to help PH compete globally on ‘even basis’ – PBBM

By Ruth Abbey Gita-Carlos The Philippine Export Development Plan (PEDP) 2023-2028 will enable the Philippines to compete globally on an “even basis,” President Ferdinand R. Marcos Jr. Made this statement in his speech  Thursday, at the International Trade Forum at the Shangri-La The Fort in Taguig City. which bannered the theme  “Empowering Philippine Export Industries,” Marcos said the PEDP 2023-2028…

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BBM: Gov’t can help Mayon evacuees

President Ferdinand R. Marcos Jr. said  the government is “sensitive” to the needs of Albay residents displaced by Mayon Volcano’s ongoing eruption and will tap all its available resources to help them. “Whatever is needed, we will have to provide,” he told media reporters on the sidelines of the International Trade Forum at the Shangri-La The Fort in Taguig City, when asked…

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Salceda: Speaker Romualdez “is a doer,” mobilizes P33M initial aid package for Albay as soon as Mayon alert level was raised

House Ways and Means Chair Joey Sarte Salceda (Albay, 2nd district) on Wednesday lauded Speaker Ferdinand Martin Romualdez for “prioritizing the people of Albay in time of dire needs”, proving that he indeed “is a doer” by mobilizing an initial aid package worth P33 million, “at the first sign that we needed help.” 

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CCC: New COA rules to help promote effective climate projects

The Climate Change Commission (CCC) has expressed optimism the  Commission on Audit’s (COA) issuance of new regulatory guidelines would result in the effective implementation of climate-related projects and programs. COA released on April 18 its Circular 2023-01, which provides guidelines in the audit of programs, activities and projects with Climate Change Expenditure Tagging (CCET) to validate the budget…

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