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NEDA: Establishing MIF preparatory for Phl’s upgrade to ‘upper middle income’ status
The National Economic and Development Authority believes that the establishment of the Maharlika Investment Fund will prepare the Philippines to sustain and complete its development programs while targeting to become an “upper middle income country” by 2025. In a news forum on Saturday, NEDA Undersecretary Rosemarie Edillon said the MIF could be a gateway for the Philippines to upgrade its current lower-middle income classification—a goal that has been outlined in the Philippine Development Plan for 2023 to 2028. “This transition will have significant implications for the country’s fiscal situation and access to concessional loans, like the Official Development Assistance,” she said. Based on the 2021 Philippine Statistics Authority data, the Philippines is under the lower-middle income classification with $3,000 or P182,438 gross national income per capita. The GNI per capita of lower middle-income status ranges from $1,086 to $4,255. Once the Philippines transitioned to upper middle-income status, Edillon said the country will no longer be qualified for concessional loans. According to NEDA official, concessional loans offers low-interest rates and extended grace periods to countries with below upper middle-income status. Once the Philippines achieves its target status, Edillon said the country will have to rely on market rates for debt financing, which she pressed “would be challenging for the government.” Citing the impact of the COVID-19 pandemic in the country, Edillon said the Philippines were not able to raise its credit rating “to achieve the desired creditworthiness, which could have improved debt financing conditions.” Hence, the Philippine government came up with exploring innovative ways to push for financing income-generating programs and attracting investments. Edillon said, one of which is the establishment of the MIF. She underscored that the “MIF aims to attract equity financing rather than debt financing”— which allows investors to become partners in projects, sharing in the risks and rewards of the venture, such as the flagship infrastructure programs of the Marcos administration. The MIF law is currently an enrolled bill, which will undergo legal scrutiny and awaits the President’s approval. Once enacted, Edillon said the MIF will provide an additional avenue for development financing, particularly for projects that are considered risky “but strategically important and have the potential for long-term returns.” Edillon also noted that the government is now working on the implementing rules and regulations of the MIF, which will help facilitate its operation and contribute to the country’s future investment and expenditure needs. The post NEDA: Establishing MIF preparatory for Phl’s upgrade to ‘upper middle income’ status appeared first on Daily Tribune......»»
Maharlika Investment Fund Now Just Awaits Presidential Signature to be Passed into Law
The Maharlika Investment Fund (MIF) bill has reached the final stage, as it now awaits the signature of President Ferdinand R. Marcos Jr. This comes as senators voted 19-1-1 over the proposed MIF Act, with only Senator Risa Hontivros voting against the bill, and Senator Nancy Binay abstaining. Senators Imee Marcos, Francis Escudero, and Senate […].....»»
CLB: Anti-Terror Bill creates ‘climate of fear, paranoia’
CEBU CITY, Philippines — Another progressive group has joined the call against the passage of the proposed Anti-Terrorism Bill, which now awaits President Duterte’s signature, calling the proposed law “patently unconstitutional and repressive of the participation rights of children.” While the ATB, which was passed in the Senate and the Lower House, is aimed at […] The post CLB: Anti-Terror Bill creates ‘climate of fear, paranoia’ appeared first on Cebu Daily News......»»
Anti-terrorism bill now awaits Duterte s OK
Anti-terrorism bill now awaits Duterte s OK.....»»
China urges ROK to stay prudent on South China Sea issue: Chinese FM
BEIJING, March 28 (Xinhua) -- China urges the Republic of Korea (ROK) to stay prudent when it comes to the South China Sea issue, Chinese foreign ministry spokesperson Lin Jian said on Thursday. Lin made the remarks at a regular press briefing when responding to a media query about ROK Foreign Ministry Spokesperson's biased and unfactual comments on the South China Sea issue over the past few days. "China.....»»
Akbayan to Sara: You don’t have to be president to speak vs China
MANILA, Philippines — Party-list group Akbayan said on Thursday that Vice President Sara Duterte does not have to be a president of the country for her to call out China’s intrusive actions over the West Philippine Sea (WPS). Empathy and a moral backbone is just what it takes to stand up with fisherfolk and frontline.....»»
Roque bares Duterte, China agreement to respect status quo in WPS
Roque bares Duterte, China agreement to respect status quo in WPS.....»»
7 nanlaban drug suspects dead after Baste Duterte declares drug war
Less than a week after Davao City Mayor Sebastian Duterte declared a "war on drugs" in the city, at least seven drug suspects were killed during a buy-bust operation in the city — violence that highlights the seriousness of the mayor's recent threat of outright killing persons caught using illegal drugs......»»
CHR alarmed by war vs drugs in Davao City
THE Commission on Human Rights (CHR) is alarmed by Davao City Mayor Sebastian “Baste” Duterte’s “war against drugs”, as seven drug users were killed from different barangays in the city over the weekend, just a few hours after his declaration......»»
Revisiting Uniteam (Last of 2 parts)
THE Uniteam coalition of President Ferdinand "Bongbong" Marcos Jr. and Vice President Sara Duterte, described by many political analysts as the "dream team", had come a long way since sweeping the 2022 elections......»»
House leaves Quiboloy’s fate to Senate
The House of Representatives will no longer pursue and implement the warrant of arrest it issued against pastor Apollo Quiboloy after it approved on final reading the bill revoking the franchise of the evangelist’s alleged TV network......»»
Roque: Xi, Duterte agreed to keep West Philippines Sea status quo
The Philippines under former president Rodrigo Duterte had a “gentleman’s agreement” with China to keep the status quo in the West Philippine Sea, a former Cabinet official said yesterday, as fresh tensions surround the WPS due to recent incursions by Beijing that targeted a Filipino resupply mission and a research team......»»
Let’s not forget about sexual reproductive health and rights
I once read that in the ’80s, NASA wanted to send astronaut Sally Ride – the first American woman in space – on a space mission with 100 tampons. Her trip was six days. They could have spared that embarrassment by simply talking about it......»»
Holy Week 2024: A peek into 7 Metro Cebu churches for Visita Iglesia
The Lenten Season is also about reflection and prayer about the passion of Christ. There are days to fast and during the Holy Week on Maundy Thursday and Good Friday, the Catholic faithful usually practice the Visita Iglesia or the tradition to visit 7 or 14 churches, where they pray and reflect and do.....»»
Mga babaeng nakunan pwede bang mag-leave with pay?
SA pagdiriwang ng Buwan ng Mga Kababaihan, nagbigay ng libreng konsultasyong legal ang public service program na “CIA wita BA” at isa na nga rito ay kung maaari bang mag-leave with pay ang mga babaeng nakunan. Maraming napag-usapang batas na may kinalaman sa mga karapatan ng kababaihan. Isa sa mga natalakay sa segment na “Yes.....»»
CHR probes Davao drug war deaths
The Commission on Human Rights yesterday expressed grave concern over Davao City Mayor Sebastian Duterte’s recent declaration of a war on drugs in the city......»»
Red carpet to be rolled out for FIVB world meet
The Philippines will leave no stone unturned for the FIVB Volleyball Men’s World Championships 2025 – in terms of hosting the event for the first time ever and competing anew after 50 long years......»»
Drug killings 95 percent lower than in previous admin
The number of deaths recorded under the Marcos administration’s war on drugs has decreased by over 95 percent, in contrast to the bloody anti-drug campaign of his predecessor, Rodrigo Duterte......»»
Philippines vows hosting readiness for men’s volleyball world championship
The Philippines assured to leave no stone unturned in the FIVB Volleyball Men’s World Championships 2025 — in terms of hosting for the first time ever and competing anew after 50 long years......»»
Cebu bans for 45 days entry of live birds from Leyte
Cebu bans for 45 days entry of live birds from Leyte.....»»