Cost of rationalized infra flagship projects climbs to P9T

MANILA: The National Economic and Development Authority (NEDA) Board has reduced the number of the administration’s Infrastructure Flagship Projects (IFPs) but their cost has climbed to PHP9.14 trillion from PHP8.7 trillion at end-2023.

The NEDA Boar…

Sagay City’s landmark film festival turns 5

BACOLOD CITY: Sagay City in Negros Occidental, a thriving regional film-making hub, marks the fifth year of its Margaha Film Festival with the screening of seven competing short films along the black sand beach of Barangay Old Sagay on Tuesday.

Held …

Make housing loan more accessible to members, PBBM tells Pag-IBIG Fund

MANILA: President Ferdinand R. Marcos Jr. on Tuesday called on the Pag-IBIG Fund to make its housing loan ‘more accessible’ to its members.

Marcos made the call during the Pag-IBIG Fund Chairman’s Report for 2023, as he lauded the agency for its acco…

Dubai-based logistics firm eyes investments in PH

MANILA: Dubai-based logistics company DP World has expressed interest in putting up a logistics hub and an industrial park in the Philippines, the Department of Trade and Industry (DTI) said Tuesday.

In a statement, the DTI said Secretary Alfredo Pas…

New 20-year T-bonds 3x oversubscribed

MANILA: Appetite for the new 20-year Treasury bonds (T-bonds) was strong as it fetched bids three times higher than the PHP30-billion offer.

The Bureau of the Treasury (BTr) on Tuesday fully awarded the PHP30-billion T-bonds.

‘The auction received s…

Gov’t to save P13-B on simultaneous plebiscite, midterm polls in 2025

MANILA: A possible simultaneous holding of a plebiscite for Charter amendments and the midterm polls in 2025 will save the government some PHP13 billion in funds, the Commission on Elections (Comelec) said Tuesday.

“If it will be held separately, we …

139 persons fall in series of anti-illegal fishing ops in Caraga

BUTUAN CITY: Authorities arrested at least 139 individuals during a series of anti-illegal fishing operations from Feb. 24 to 26 in Caraga Region, a police official said Tuesday.

In a report, Brig. Gen. Kirby John Kraft, director of the Police Region…