Day: March 13, 2025

Manila: President Ferdinand R. Marcos Jr. on Thursday commended various national government agencies (NGAs) and local government unit (LGU) officials for their contributions to enhancing the ease of doing business in the Philippines. This recognition took place during the awarding ceremony for the One-Stop Action Center for Strategic Investments, known as “Gawad Bayanihan sa Pamumuhunan: Making It Happen with a Whole-of-Nation Strategy,” held at Malaca±ang. According to Philippines News Agency, the event, led by the Department of Trade and Industry – Board of Investments (DTI-BOI), honored government partners for their effective implementation of Executive Order (EO) No. 18. This order,

Manila: The Department of Public Works and Highways (DPWH) has undertaken PHP187.7 million worth of projects in Capiz aimed at mitigating flooding and protecting communities from recurring threats. A report from the DPWH on Wednesday confirmed the completion of a PHP95.2 million flood control structure stretching 751.53 meters along the Balisong River in Barangay San Ramon, Pilar. According to Philippines News Agency, this project aims to reduce flooding and maintain water levels, ensuring that the local area remains protected against the harsh water conditions of the ocean and river opening, as stated by DPWH regional director Sanny Boy Oropel. Meanwhile,

Manila: President Ferdinand R. Marcos Jr. has designated lawyer and former environment secretary Antonio Cerilles as his adviser for Mindanao concerns. Marcos made the announcement on his official Facebook page, sharing several photos of Cerilles taking oath before him. “Today we swore in Atty. Antonio Cerilles as Presidential Adviser on Mindanao Concerns,” he stated. According to Philippines News Agency, Marcos emphasized Cerilles’ extensive experience in public service, highlighting his roles as a former governor, congressman, and Department of Environment and Natural Resources (DENR) Secretary. “Tony has spent decades serving the people-as [former] governor, congressman and DENR Secretary. His experience will

Manila: The newly issued guidelines for the disposition of government assets will allow the government to maximize non-tax revenues, the Department of Finance (DOF) said. In a statement Thursday, the DOF said it is ramping up efforts to boost non-tax revenues through privatization, in line with Executive Order No. 323, which established the Inter-agency Privatization Council (PrC) and the Privatization and Management Office (PMO). According to Philippines News Agency, the PrC oversees all national government privatization initiatives while the PMO handles the disposition of assets of government financial institutions and certain government-owned or controlled corporations (GOCCs). To facilitate the prudent

Manila: Fitch Ratings recently upgraded state-owned Land Bank of the Philippines’ (LandBank) viability rating (VR), citing the bank’s strong financial position. In a statement Thursday, LandBank said its VR was revised upward from ‘bb’ to ‘bb+’, reflecting its improved standalone financial strength. According to Philippines News Agency, Fitch also reaffirmed the bank’s long-term issuer default rating (IDR) at ‘BBB’/Stable and Government Support Rating (GSR) at ‘bbb’, emphasizing its systemic importance, full state ownership, and continued strong government support. “This latest rating upgrade is a testament to LandBank’s sound financial foundation and resilience,” said LandBank President and Chief Executive Officer Lynette