The Cabinet-level Fiscal Incentives Review Board (FIRB) maintained during its October 15 meeting the FIRB Resolution No. 19-21 that allows registered business enterprises (RBEs) of the Information Technology and Business…

GLASGOW—The Philippines has presented a set of proposals to operationalize the Santiago Network, which is envisioned to connect climate-vulnerable developing countries with providers of the technical assistance, knowledge and resources…

The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the rail operations of an P81-billion subway project in Makati City that is expected to begin…

GLASGOW—The Philippines has proposed that governments and multilateral development banks (MDBs) work closely together in addressing the transitional adjustments that might have to be undertaken by the concerned sectors to…

GLASGOW—Philippine Finance Secretary Carlos Dominguez III said here the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of…

GLASGOW—An Asian Development Bank (ADB)-supported initiative to speed up the transition of the Philippines’ dependence from coal to clean energy sources will generate investments, create jobs, and accelerate the retirement…

GLASGOW—Philippine Finance Secretary Carlos Dominguez III has underscored the importance of the “blended approach” or sustainable orchestration of grants, investments, and subsidies to make climate finance work for its beneficiaries.…

The Philippines, Indonesia and the Asian Development Bank (ADB) launched the Energy Transition Mechanism (ETM) facility in Glasgow, the United Kingdom, today (Nov 3, 2021). The Philippines will work with the ADB and some private sector partners in developing an innovative ETM-supported project that will allow the country to accelerate its transition from coal to clean energy in a just and affordable manner. In photo, (from left to right) are Per Heggenes, CEO, IKEA Foundation; Philippine Finance Secretary Carlos G. Dominguez; Indonesian Finance Minister Sri Mulyani; ADB President Masatsugu Asakawa; and Dr. Raj Shah, President, The Rockefeller Foundation.

GLASGOW—Finance Secretary Carlos Dominguez III said here Wednesday the Philippines’ participation in the Asian Development Bank’ (ADB)’s Energy Transition Mechanism (ETM) facility will serve as an innovative model for other…

GLASGOW – The Philippine Department of Energy (DOE) has underscored the need for strict government monitoring and guidance in climate adaptation plans because of their implications on national security and…