Tag: Global Environment Facility

In a surprising turn Monday, all Senate positions were declared vacant by a 13-10 vote, with one abstention. Senator Alan Peter Cayetano was elected new Senate President following a nomination by presidential sister Senator Imee Marcos. The abrupt leadership revamp pushed by the pro-Duterte bloc comes ahead of an impending vote by the House of Representatives on the impeachment of Vice President Sara Duterte. The Senate will act as impeachment court if the House endorses the charges against the vice president. Cayetano’s leadership could significantly influence proceedings, and if the pro-Duterte bloc’s support for him holds, it may foreshadow the outcome of the impeachment trial.

The Bangko Sentral ng Pilipinas (BSP) joined other central banks and finance ministries in reaffirming support for stronger regional cooperation during the 29th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting held recently in Samarkand, Uzbekistan. The meeting took place alongside the Asian Development Bank Annual Meeting amid growing global economic uncertainties.

OceanaGold (Philippines) Inc. said it sold about 6,684 ounces of gold doré to the Bangko Sentral ng Pilipinas in 2025, equivalent to 31 percent of its annual gold production.

2GO Travel and Vallacar Transit Inc., operator of Ceres Liner, have partnered to offer seamless shuttle services connecting sea and land travel across major Philippine gateways.