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Manila Times Business
Federal Home Loan Bank of New York Awards $70.9 Million for 47 Affordable Housing Initiatives
-FHLBNY grants will help support the creation or preservation of more than 2,400 homes - NEW YORK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Randolph C. Snook, president and CEO of the Federal Home Loan Bank of New York ("FHLBNY”), announced that the FHLBNY has awarded $70.9 million in grants through its Affordable Housing Program ("AHP”) to fund 47 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, California, New Hampshire and Pennsylvania. These awards will result in the cre
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Federal Home Loan Bank of Indianapolis announces 2026 Community Spirit Award to Michigan lender for achievements in affordable housing
John Harpst, VP, Community Lending at Grand Rapids-based Lake Michigan Credit Union John Harpst, VP, Community Lending at Grand Rapids-based Lake Michigan Credit Union INDIANAPOLIS, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Today the Federal Home Loan Bank of Indianapolis ("FHLBank Indianapolis” or "Bank”) announced John Harpst, VP, Community Lending at Grand Rapids-based Lake Michigan Credit Union ("LMCU”), was awarded the 2026 Community Spirit Award honoring his exceptional contributions to affordable
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FASHION by Informa's Las Vegas Marketplace Delivers Dynamic Connections and Trend-Forward Collections for Spring/Summer 2027
LAS VEGAS, Aug. 20, 2026 (GLOBE NEWSWIRE) -- FASHION by Informa's Las Vegas Marketplace, including MAGIC, PROJECT, SOURCING and OFFPRICE, concluded last week with strong buyer engagement and meaningful connections between retailers and brands, while showcasing compelling trend directions for the upcoming season. MAGIC MAGIC by Informa showcased the future of fashion retail with a comprehensive approach to Spring/Summer 2027 trends and innovative business solutions. The Business Solutions Center
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NFWF Announces $1.2 Million for Pecos River Watershed Restoration and Native Species Recovery
Four grants generate $2.6 million in conservation impact to enhance grassland habitat, restore aquatic habitats and conserve desert fish species found nowhere else in the world WASHINGTON, D.C., Aug. 20, 2026 (GLOBE NEWSWIRE) -- The National Fish and Wildlife Foundation (NFWF) today announced nearly $1.2 million in grants to restore and sustain healthy rivers and streams, improve grassland ecosystems, and support the recovery of native aquatic species across the Pecos River watershed of southeas
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Richardson Electronics, Ltd. to Deliver Energy Storage Solutions to Remote Alaska Communities
Multi-million-dollar program includes an 18-system, 7 MWh deployment, demonstrating growing energy storage capabilities LAFOX, Ill., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, today announced that, in collaboration with its technology partners, it will deliver 18 customized battery energy storage systems (BESS) for deployment across seven remote communities
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Government picks 39 flood catchments as Manila braces for bigger downpours
THE government has identified 39 sites across Metro Manila for flood catchment projects as it moves to increase temporary water storage amid heavier rainfall. Palace Press Officer Clarissa A. Castro said the government received the shortlist from Dutch engineering consultancy Royal HaskoningDHV, which assessed potential locations for the projects. The sites are in Parañaque, Quezon […]
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China oil talks unlikely to cut fuel costs soon
A POSSIBLE joint oil and gas exploration with China could improve the Philippines’ long-term energy security, but any effect on fuel prices is likely to take years, analysts said.
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Poverty, hunger rise as 10.3M families rate themselves poor
ABOUT 10.3 million Filipino families considered themselves poor in July, up by about 1.1 million from March, while self-rated hunger also increased, according to an OCTA Research survey. “The national increase in self-rated poverty, combined with higher levels in Balance Luzon, the Visayas and Mindanao suggests that economic pressures are being felt unevenly across the […]
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28 witnesses remain in Romualdez probe
THE Office of the Ombudsman said 28 witnesses remain ready to testify in its investigation of former Speaker Ferdinand Martin G. Romualdez, signaling that recent witness recantations would not derail the case. “Recantation is not new in high-profile cases,” the Ombudsman said in a statement in Filipino on Thursday. “This is a classic pressure tactic. […]
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Senate eyes economic recovery panel
THE Senate is planning to create an ad hoc committee to push economic recovery measures and support micro, small, and medium enterprises (MSMEs), Senate President Sherwin T. Gatchalian said on Thursday. “We want to focus on reinvigorating the economy. So, we’re creating an ad hoc committee solely to focus on that so that we will […]
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Palace defends P180-M centers
MALACAÑANG on Thursday defended the proposed P180-million allocation per region for evacuation centers under the 2027 National Expenditure Program (NEP), saying the absence of specific locations in the budget proposal does not mean the projects lack an implementation framework. Palace Press Officer Clarissa A. Castro, citing the Department of Budget and Management (DBM), said the […]
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Makati electric BRT project advances
THE P17.76-billion Makati electric bus rapid transit (BRT) project is advancing as the city government proceeds with the detailed evaluation of an unsolicited proposal, the Public-Private Partnership (PPP) Center said. Information from the PPP Center’s website showed that the Makati City government has informed the project’s private proponent, the Makati BRT Consortium, and the PPP […]
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Testimony fuels call for VP trial attendance
VICE-PRESIDENT (VP) Sara Duterte-Carpio should attend her impeachment trial, the House prosecution panel said on Thursday, after witness Gina F. Acosta testified she transferred P125 million in confidential funds on the Vice-President’s orders. House prosecutor spokesman Ziaur-Rahman “Zia” A. Adiong said that Ms. Acosta’s testimony could not fully answer the questions surrounding the transfer because […]
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PhilHealth chief to focus on efficient benefits disbursement
NEWLY APPOINTED Philippine Health Insurance Corp. (PhilHealth) Acting President and Chief Executive Officer Beverly Lorraine C. Ho said she will focus on balancing efficient benefit disbursement to ensure the improvement in universal healthcare. “I think, overall, we need to make sure that we are efficiently providing benefits to people. So, it has to be easy […]
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MMDA charter overhaul sought
A LAWMAKER on Thursday called for an overhaul of the Metropolitan Manila Development Authority’s (MMDA) 31-year-old charter to clarify its powers and accountability in tackling Metro Manila’s persistent traffic, flooding and waste management problems. In a statement, Manila Rep. Joel R. Chua said that Republic Act No. 7924 leaves gaps in determining where the authority […]
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BuCor personnel asked to secure firearms
THE Bureau of Corrections (BuCor) has reminded its personnel to properly handle and secure government-issued and privately owned firearms following recent fatal shooting incidents involving minors who gained access to firearms owned or possessed by adult relatives, the bureau said on Thursday. BuCor Director General Gregorio Pio P. Catapang, Jr. issued a memorandum directing authorized […]
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DICT seeks jurisdiction over online platforms for content regulation
THE Department of Information and Communications Technology (DICT) said its anti-cybercrime division should be granted jurisdiction over social media platforms to effectively regulate violent content following a livestreamed shooting incident in Zamboanga on Tuesday. DICT Cybercrime Investigation and Coordinating Center Executive Director Renato A. Paraiso raised that their capacity to take down harmful social media […]
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Tulfo questions low conviction rate for electricity theft
SENATE Energy Committee Chairperson Erwin T. Tulfo pressed the Philippine National Police Investigation Division for convicting only 21 individuals involved in power pilferage out of 469 cases since 2022. Mr. Tulfo raised during the Senate Energy Committee hearing on Aug. 20 that the number of convicted individuals in four years remains lower than 10% of […]
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DBM told to protect P55-B potential funding for 2027 PERA hike
A LAWMAKER pressed the Department of Budget and Management (DBM) to secure the P55-billion funding for a proposed increase in the allowance of civilian government employees, saying the government should already act on the long-stagnant Personnel Economic Relief Allowance (PERA). In a statement on Thursday, Party-list Rep. Antolio L. Tinio said DBM officials confirmed during […]
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P2.23-B tax evasion case filed vs Tarlac POGO
THE Bureau of Internal Revenue (BIR) on Thursday said it filed a P2.23-billion tax evasion case against a Bamban, Tarlac-based Philippine offshore gaming operator (POGO). The BIR said a case was filed against Hongsheng Gaming Technology, Inc. over “alleged underdeclaration of income, failure to declare the correct value-added tax (VAT), and failure to withhold and […]
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Smuggled cigarettes seized in Maguindanao del Norte
COTABATO CITY — Policemen seized a big volume of Indonesian-made cigarettes, neatly piled inside a van-type truck, intercepted at a checkpoint in Barangay Bayanga Norte in Matanog, Maguindanao del Norte on Tuesday morning. Local executives and officials of the Maguindanao del Norte Provincial Police Office separately said on Thursday that policemen and Bureau of Customs […]
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BIR sees administrative path to removing system-loss VAT
The removal of the value-added tax (VAT) on system loss charges may not require legislation if the collections are established as government-mandated pass-through charges outside taxable gross sales, the Bureau of Internal Revenue (BIR) said. BIR Commissioner Charlito Martin R. Mendoza said the Energy Regulatory Commission (ERC) had prepared a draft resolution addressing system loss […]
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Foregone revenue total triggers calls to review effectiveness of some investment incentives
THE government’s tax incentive regime resulted in foregone revenue of P559.73 billion in 2025, or more than a third of that year’s fiscal deficit, according to budget documents.
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