Day: June 2, 2025

Manila: The Department of Finance (DOF) is ensuring the sound fiscal health of government financial institutions (GFIs) by regularly convening the Asset Liability Management Committee (ALCO) to closely monitor and guide their financial performance and risk posture. Finance Secretary Ralph Recto said in a statement Sunday that the oversight is in line with President Ferdinand R. Marcos Jr.’s directive to keep GFIs strong, stable, and fully aligned with their mandate to serve the Filipino people. According to Philippines News Agency, the creation of the ALCO in 2022 is chaired by the Secretary of Finance and is in line with the

Manila: The 2026-2031 Country Partnership Framework (CPF) recently approved by the World Bank Group (WBG) aligns closely with President Ferdinand R. Marcos Jr.’s development agenda focused on inclusive growth, according to the Department of Finance (DOF). According to Philippines News Agency, the new CPF ensures that support is tailored to the key priorities of the administration, such as improving healthcare, education, job creation, digitization, and building a more resilient and inclusive economy. “The World Bank has once again proven to be a reliable partner of the Philippines. By anchoring the CPF in the President’s vision, we ensure that development financing

Manila: The southwest monsoon (habagat) will bring rains across Luzon on Monday, the weather bureau said. In its 4 a.m. weather bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) reported that monsoon rains are forecast over Ilocos Region, Batanes, Babuyan Islands, Zambales, and Bataan. According to Philippines News Agency, the monsoon will also result in scattered rains and thunderstorms over Metro Manila, Cordillera Administrative Region, Cavite, Batangas, Palawan, Occidental Mindoro, and the rest of Central Luzon. The weather conditions may lead to potential floods and landslides in these areas due to moderate to heavy rains. The habagat is

Manila: Clean up the police force, act swiftly against erring officers, and ensure the police remain a source of public reassurance and protection. These were among President Ferdinand R. Marcos Jr.’s firm marching orders to new Philippine National Police (PNP) chief Gen. Nicolas Torre III, who officially took over the reins of the 231,000-strong police force on Monday. According to Philippines News Agency, Marcos urged Torre to act decisively in investigating police officers involved in illegal activities. He emphasized the need to speed up investigations into cases involving police officers who break the law to deliver justice promptly. The President