In 2023, the Department of Energy (DOE) released data showing that coal continues to play a significant role in the Philippine energy sector. Although there has been a slight decrease in its contribution to the total on-grid capacity, coal remains a dominant force. In...
Manila, Philippines — The resumption of negotiations for the Philippines-European Union Free Trade Agreement (PH-EU FTA) was announced on March 18 by Secretary Fred Pascual of the Department of Trade and Industry (DTI) and European Commission Executive Vice President...
Manila, Philippines — The Public Financial and Advancement Authority (NEDA) Board, led by President Ferdinand R. Marcos Jr., approved the addition of 23 new projects and the removal of 36 old projects from the list of Infrastructure Flagship Projects (IFPs) under the...
Manila, Philippines — Strong consumption upholds the Philippine economy. Philippine Gross domestic product grew to 5.6% in 2023 regardless of inflation stresses, driven by the proceeded post-pandemic recovery in discretionary spending which leaped to 10.8%. The full...
The NAIA PPP project has been in the works for three decades, spanning six administrations. It has finally turned into a reality under the Marcos, Jr. administration,” Secretary Recto said. Manila, Philippines — Finance Secretary Ralph G. Recto has invited the Manila...
Manila, Philippines — Finance Secretary Ralph G. Recto highlighted the crucial duty of the Bureau of Customs (BOC) in providing finance for President Ferdinand R. Marcos, Jr’s socioeconomic plans and driving the general advancement of the country. “The BOC is...
