MANILA, Philippines – The Philippine government’s total outstanding debt went up to P13.5 trillion as of end-September, primarily due to the peso’s depreciation against the US dollar and the net issuance of government securities. The Bureau of the Treasury said on Thursday, November 3, that the latest figure is 3.8% or P495.5 billion more than the level in August. From end-Dec...
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Mister President, Excellencies I am Ferdinand Marcos, President of the Republic of the Philippines. I stand today on behalf of 110 million Filipinos. At this time of crisis and opportunity, I bring with me the spirit of their enduring commitment to the ideals of our United Nations. This commitment is reflected in our solid contributions to the cause of peace and of justice. By shepherd...
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We can only dream about solving our housing crisis the way Singapore did. Already very much a First World Country in the 2020s, Singapore’s public housing is located in new towns, in communities that are intended to be self-contained, with services near housing blocks and with housing either owned by or rented to residents. Owner-occupied public housing is sold on a 99-year lease and can be...
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MANILA, Philippines — Local government units (LGUs) may now resume the eviction of informal settler families (ISFs) in so-called danger areas. The Department of the Interior and Local Government (DILG), in a memorandum circular dated March 11, has lifted its previous directive last April 2, 2020 postponing all administrative demolition and eviction activities. The national government o...
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https://business.mb.com.ph/2019/10/10/government-selling-top-tourism-assets/ "> The government is bidding out some of the country’s top tourism assets, including two losing operating properties namely Club Intramuros Golf Course (CIGC) and Balicasag Island Dive Resort (BIDR) in the last quarter of this year. The Tourism Infrastructure and Enterprise Zone Authority...
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DUMAGUETE CITY—Negros Oriental Governor Roel Degamo wants to promote their province not only as tourism destination for diving and its beach, but also for its arts and culture, and natural resources. “We are rich in culture and the arts. We are also rich in natural resources,” the governor said in an interview. He urged all those from outside Negros Oriental to visit the pr...
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