World Bank support helps PHL reach upper-middle income status this year

WASHINGTON DC—The World Bank’s generous support for the Philippines’ sustainable development programs is a key factor in helping the country secure its status as an upper middle-income economy in 2019,…

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NFA must strengthen logistics operations, says DOF exec

The National Food Authority (NFA) will continue to operate even with the rice tariffication law in place, but it needs to strengthen its logistics capacity, ensuring that the government has…

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No takeover of PHL assets in China loans, say DOF execs

The Department of Finance (DOF) has allayed misapprehensions over a possible Chinese takeover of the Philippines’ patrimonial assets. There is no provision in the loan agreements signed between the two…

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Disaster risk resilience among APEC 2019 priorities

An initiative spearheaded by the Philippines and Japan on proposed measures that aim to strengthen the financial resilience to natural disasters of the 21 member-economies of the Asia-Pacific Economic Cooperation…

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Private firms sign up with TradeNet on PDEA import permits

The Philippine Drug Enforcement Agency (PDEA) will soon start processing online the special export permits of an initial six private firms under the government’s Internet-based trading platform TradeNet, according to…

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PHL urges greater regional cooperation on disaster risk financing

The Philippines has called for stronger cooperation on disaster risk financing and insurance (DRFI) strategies among the member-states of the Association of Southeast Asian Nations (ASEAN) in light of the…

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