ADB rated most transparent major aid agency

THE Asian Development Bank (ADB) said it was ranked the top major aid donor organization in terms of transparency by the Aid Transparency Index (ATI) report.

Finance dep’t holding resources in reserve in case of second wave

THE Department of Finance (DoF) said it plans to keep spending “fiscally responsible” in case of a second wave of coronavirus infections and declared that the government will be able to finance the required measures if the next wave hits.

Job relief the priority for 2021 proposed budget estimated at P4.3 trillion

THE Department of Budget and Management (DBM) said it is preparing a 2021 national budget of P4.3 trillion, with a particular focus on measures to address unemployment resulting from the coronavirus disease 2019 (COVID-19) crisis.

Panic-buying restrictions lifted as supply improves

THE Department of Trade and Industry (DTI) has lifted the buyer limit on essential goods like food and hygiene products imposed during the lockdown, while also easing the restrictions on disinfectant liquids.

Angat aqueduct project going forward after ADB loan approval

PROJECT preparation for the Bigte-Novaliches Aqueduct 7, a delivery system for water supplied from Angat dam, will go forward after the recent approval of a $126.02-million loan by the Asian Development Bank (ADB), according to the corporate office of the Metropolitan Waterworks and Sewerage System (MWSS).

DTI seeks P12 billion for e-vehicle manufacturing program

THE Department of Trade and Industry (DTI) said it needs P12 billion to fund a program to kickstart the electric-vehicle manufacturing industry.

Philippines commits to signing RCEP by November

THE Philippines has joined its trade partners in committing to sign by November a 15-country regional trade deal that includes Asia’s largest economies except India.

Fighting retail fraud during COVID-19

By Reymarc Sagrado
With the COVID-19 pandemic creating an unprecedented crisis for countries, organizations and individuals, fraudsters have been quick to identify opportunities to take advantage of retail businesses (both traditional and electronic), as well as consumers.

Pandemic digital habits expected to stick around after public health crisis

NEW digital behaviors adopted by consumers and businesses during the coronavirus crisis are expected to linger after the pandemic, accelerating the long-term growth of the technology sector, the Franklin Equity Group said.

Legislators seek investigation into fertilizer procurement

THE Makabayan bloc in Congress filed House Resolution 992 urging the Committee on Agriculture and Food to investigate the Department of Agriculture’s (DA’s) fertilizer procurement, amid allegations that its purchase price was inflated.

PHL urged to switch to ‘resilient’ renewables after the pandemic

THE Philippines needs to grab the opportunity to power its grid post-pandemic with renewable energy, which have proved to be “resilient” despite the disruptions caused by the public health crisis, the National Renewable Energy Board (NREB) said.

Amended currency swap deal takes effect, PHL can borrow up to $23B

THE amended Chiang Mai Initiative Multilateralization (CMIM) agreement took effect Tuesday, offering an improved currency swap arrangement and financial safety net among Association of Southeast Asian Nations (ASEAN) countries and the bloc’s regional partners.