President Aquino’s Social Contract with the Filipino People envisions a people that believes “doing the right thing does not only make sense morally, but translates into economic value.”
ENTERING its mid-term, the Department of Agriculture’s (DA) Mindanao Rural Development Program (MRDP) has disbursed a total of US$16.05 million to uplift lives in rural Mindanao, through projects that include infrastructure, livelihoods, environmental protection, and local governance reform.
THE Office of the Presidential Adviser on the Peace Process (OPAPP)’s Undersecretary Luisito Montalbo recently visited communities in the Compostela Valley (ComVal) province to check project sites under the Payapa at Masaganang Pamayanan or PAMANA program.
THE Board of Investments recently noted a remarkable growth in local investments, indicating a buoyant and more sustained investment mood in the island-region.
For the first five (5) months of CY 2011, or from January to May, taxes generated by the BIR have reached Php391.09 billion, surpassing last year’s collections for the same period, which amounted to Php344.10 billion, by Php46.99 billion for an expansion of about 13.7%.
A group of American and Filipino biologists unearthed seven previously unknown mammal species in Luzon, further bolstering the Philippines’ reputation as one of the world’s 17 mega-diverse countries in terms of biodiversity.
Singapore-based Moody’s Investors Service upgraded the credit rating of the Philippines one notch, citing the country’s “progress in fiscal consolidation.”
LAST June 14, 2011, the Department of Energy (DOE) launched the National Renewable Energy Program (NREP) in Makati Shangri-la Hotel.