The Philippines has surpassed the requirements in nine areas set by the Extractive Industries Transparency Initiative (EITI) on global benchmarks for good governance in the oil, gas and mineral sectors in becoming the first country to have successfully obtained a ‘satisfactory progress’ assessment under the 2016 EITI Standard.
Read MoreA majority of the members of the interagency Mining Industry Coordinating Council (MICC) decided Tuesday to recommend the lifting of the ban on open-pit mining provided that laws and regulations governing this method of minerals extraction are strictly enforced by the Department of Environment and Natural Resources (DENR).
Read MoreThe Department of Finance (DOF) has partnered with the Civil Service Commission (CSC) to implement and institutionalize the DOF Standardized Examination and Assessment for Local Treasury Service (SEAL), a three-level certification program to professionalize and provide capacity development for local treasurers.
Read MoreOn behalf of the Philippine government, the Department of Finance (DOF) has expressed its gratitude to China for the early arrival of its donation of $3 million-worth of heavy equipment to be used for the recovery, reconstruction and rehabilitation efforts in Marawi City.
Read MoreFinance Secretary Carlos Dominguez III said the impending end of the drawn-out conflict in Marawi City will further boost investor confidence in the economy, more so now that the government can focus on a comprehensive plan to reconstruct the southern city and provide economic opportunities for its returning residents.
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