• 26 May 2016
MANILA, May 26 - President Benigno S. Aquino III led Tuesday the closing ceremonies of the $434-million grant from Millennium Challenge Corp. (MCC) aimed at reducing poverty and propping up development in the country. “The signing of the Millennium Challenge Corporation Compact in 2010 made $434 million in much-needed funding available to the Philippines for projects specifically targeted to reduce poverty,” the President said during the event held in Malacanang. “This was a manifestation of the trust that the American government and the people had in us. This was a commitment to help—a commitment we swore to match by ensuring that every dollar spent would have a meaningful impact on the lives of Filipinos.” Among the MCC Compact-funded project include the $222.49 million widening, rehabilitation, and improvement of the more-than-200 kilometer Paranas-Taft-Borongan-Guiuan Road, the construction or rehabilitation of 61 bridges, and slope protection, drainage, and road safety projects in Samar. Once it is completed in July this year, this project will provide access to 13 coastal communities and will cut travel time by an hour between Tacloban, Leyte, and Borongan City ...Read more

Strong domestic demand boosts imports in March 2016

 CENTRAL  26 May 2016
MANILA, May 26 - Continued demand for capital and consumer goods drove imports growth of 11.7 percent in March 2016, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported that imports reached US$6.4 billion from US$5.7 billion in the same ...Read more

DPWH Secretaray warns vs influence-peddlers

 CENTRAL  26 May 2016
MANILA, May 26 - Department of Public Works and Highways Secretary Rogelio L. Singson warned DPWH officials and contractors against those making calls and sending messages to inform that they are well-connected with the incoming new administration. Name-droppers and influence peddlers are expected ...Read more