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Marcos assessing performance of undersecretaries

Business World Philippines

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June 11, 2025

PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said he is reviewing the performance of undersecretaries across agencies as part of the Cabinet reshuffle that he ordered last month.

"This time, it looks like the (secretaries) are doing well — the performance is good," he told reporters at the presidential palace, according to a transcript from his office. "Now, we're already at [the undersecretaries], we're already at the agencies."

The President said the May 22 order for all Cabinet members to quit was meant to ensure that agencies are fulfilling their mandate.

The shuffle was "not a one-shot, one-time, big-time thing," he said. "It is an ongoing thing."

He said he wants to evaluate his Cabinet members’ performances every quarter by checking if they are meeting their targets. He added that he would be "much more rigorous" in evaluating all officials, not just the agency heads.

Business World Philippines'den DAHA FAZLA HİKAYE

Business World Philippines

Business World Philippines

Police investigate deaths of filmmaker Rob Reiner and wife as apparent homicide

Actor-director and political activist Rob Reiner and his wife were found dead in their Los Angeles home on Sunday, and police detectives are investigating the circumstances as an apparent homicide, city officials said.

time to read

2 mins

December 16, 2025

Business World Philippines

Asialink secures $50M in fresh funds under ADB credit facility

ASIALINK FINANCE Corp. (AFC) has secured $50 million in additional funding support as it looks to expand its lending to micro, small, and medium enterprises (MSME) across the Philippines.

time to read

1 min

December 16, 2025

Business World Philippines

Manila Water, Maynilad to hike rates next year

RESIDENTIAL HOUSEHOLDS in Metro Manila will see higher water bills in the first quarter of 2026 as the regulator approved the rate adjustments sought by the two concessionaires.

time to read

2 mins

December 16, 2025

Business World Philippines

Deutsche Bank sees 25-bp cut in Feb.

THE BANGKO SENTRAL ng Pilipinas (BSP) might deliver a sixth straight rate cut at its first policy meeting next year as weak domestic and external economic prospects could drag growth, Deutsche Bank Research said.

time to read

2 mins

December 16, 2025

Business World Philippines

Business World Philippines

Meralco seeks bids for 200-MW renewable energy supply

MANILA ELECTRIC CO. (Meralco) has launched a competitive selection process (CSP) to procure 200 megawatts (MW) of baseload renewable energy (RE) to comply with its renewable portfolio standards (RPS) obligations, the company said on Monday.

time to read

1 min

December 16, 2025

Business World Philippines

IMF lowers PHL growth forecasts for 2025 and 2026

THE PHILIPPINE ECONOMY is seen to grow below target until next year, as higher US tariffs dampened exports and investments, the International Monetary Fund (IMF) said on Monday.

time to read

2 mins

December 16, 2025

Business World Philippines

Business World Philippines

NEO Office PH eyes full occupancy next year

OFFICE developer NEO Office PH expects to achieve full occupancy next year as leasing demand from business process outsourcing (BPO) companies and small and medium enterprises (SMEs) remains strong, company officials said.

time to read

2 mins

December 16, 2025

Business World Philippines

Remittances jump by 3% in October

Slowest growth in five months

time to read

3 mins

December 16, 2025

Business World Philippines

Business World Philippines

BTr fully awards last T-bill offer as yields mostly move sideways

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday at mixed rates amid weakening market activity before the yearend and following the US Federal Reserve and Bangko Sentral ng Pilipinas’ (BSP) policy decisions.

time to read

2 mins

December 16, 2025

Business World Philippines

PHL sees 2.16% drop in tourist arrivals

VISITOR ARRIVALS in the Philippines fell by 2.16% in the first 11 months, amid a decline in tourists from South Korea and China, Tourism department data showed.

time to read

2 mins

December 16, 2025

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