End-December 2015 GIR level rises to US$80.61 billion

MANILA, Jan. 8 -- Preliminary data showed that the country’s gross international reserves (GIR) rose to US$80.61 billion as of end-December 2015, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announcedThursday.  This level was higher by US$0.44 billion than the end-November ... Read more

SSS taps GCash for members’ contribution and loan payments

QUEZON CITY, Jan. 8 -- Social Security System (SSS) members can now pay their contributions and monthly amortizations for salary and real estate loans using Globe GCash, a virtual wallet service offered by Globe Telecom which enables users to carry out financial transactions using their mobile phone... Read more

DOE working with local governments to secure power supply in Mindanao

MANILA, Jan. 8 -- The Department of Energy is coordinating efforts to ensure a continuous and reliable power supply in Mindanao, particularly in areas where transmission towers of the National Grid Corporation of the Philippines (NGCP) had been bombed, the Palace said on Thursday.Communication Secre... Read more

Bottom-up Budgeting to cover all barangays next year

MANILA, Jan. 8 -- Bottom-Up Budgeting (BuB), the government’s much-lauded reform program which institutionalized the people’s participation in the budget process, will be expanded next year to cover 42,036 barangays nationwide, the Department of Budget and Management (DBM) announced. The Baran... Read more

BOI-approved investments create new jobs

MAKATI CITY, Jan. 8 -- Investments approved by the Philippine Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade & Industry (DTI), reached P366.74 billion in 2015, up by 3% from the P354.76 billion posted in 2014.The aggregated investment ap... Read more

Philippine Red Cross ready for Traslacion 2016

MANILA, Jan. 8 -- Philippine Red Cross will deploy some 400 PRC personnel, ambulances and other rescue vehicles and equipment to help ensure the safety and well-being of devotees who will be attending and watching the Feast of the Black Nazarene procession or Traslacion2016.This year’s Traslaci... Read more

DTI welcomes revised UN guidelines for consumer protection

MAKATI CITY, Jan. 8 -- The Department of Trade and Industry (DTI) welcomes the new United Nations Guidelines for Consumer Protection as an opportunity to put consumers at the heart of business and development.DTI Officer-in-Charge for Secretary and DTI-Consumer Protection Group (CPG) Undersecretary... Read more

Gov't could activate emergency mechanism in Saudi-Iran tension escalates—Palace 

MANILA, Jan. 8 -- The government will activate an existing mechanism if ever the conflict between Saudi Arabia and Iran escalates, Communication Secretary Herminio Coloma Jr. said on Thursday.Coloma noted that the government has standard policies and procedures in countries where there are large con... Read more

Art to Feed the Heart, 2016 is the year of grown-up coloring books

MANDALUYONG, Jan. 7 -- Coloring books for grown-ups was an unexpected hit in 2015, and it looks like they are here to stay. Yes, 2016 is the year of the adult coloring book and OMF Literature published its own offering. “Grown-up coloring activities are very therapeutic for the stressed and tired... Read more

Stakeholders very satisfied with BOI performance, social research survey says

MAKATI CITY, Jan. 7 -- Registered companies, prospective investors, and industry players are generally satisfied with the performance of the Philippine Board of Investments (BOI), according to the Stakeholders’ Engagement Survey conducted by Novo Trends PH, an independent social research survey c... Read more

Palace welcomes increase in PNoy’s trust, approval ratings

MANILA, Jan. 7 -- Malacañang has expressed elation over the results of Pulse Asia’s 2015 Ulat ng Bayan Survey showing an increase in President Benigno S. Aquino III’s trust and approval ratings."We note the latest 2015 Ulat ng Bayan Survey of Pulse Asia, which shows an increase in President Aqu... Read more

Palace: Food poverty survey result shows effective gov’t anti-poverty program

MANILA, Jan. 7 -- Malacañang welcomed the results of the latest Social Weather Stations (SWS) survey on self-rated poverty and self-rated food poverty which showed a decrease in the number of poor Filipino families, saying the government anti-poverty program is gaining ground.“We acknowledge the... Read more

5,307 families to benefit from housing projects 

QUEZON CITY, Jan. 7 -- This year, 5,307 fishing households in Iloilo will benefit from the Community-Based Shelter and Livelihood (CBSL) Program as a result of the signing of a Memorandum of Understanding between the United Nations Human Settlement Program and National Housing Authority (NHA) rece... Read more

COMELEC-PNP conducts security and contingency planning workshop for safe 2016

QUEZON CITY, Jan. 7 -- A two-day top level conference, from January 6 to 7, 2016, is ongoing among officials of the Philippine National Police to draw up security measures to ensure secure and fair 2016 elections (SAFE 2016).The COMELEC-PNP Security and Contingency Planning Workshop formally opened... Read more

DTI alerts businesses against individuals posing as new Secretary

MAKATI CITY, Jan. 7 -- The Department of Trade and Industry’s Bureau of Philippine Standards (DTI-BPS) received calls today from a certain individual posing as the new DTI Secretary, Adrian S. Cristobal, Jr., and was demanding for confidential client information and subsequently soliciting financ... Read more