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GMA cleared in Malampaya Fund scam; Andaya, Napoles charged

MANILA, Philippines – Ombudsman Conchita Carpio Morales has ordered the filing of two plunder and 97 graft and malversation charges against former budget sec.....»»

Category: newsSource:  philstarRelated NewsDec 27th, 2016

25 indicted for graft

THE Office of the Ombudsman on Tuesday filed graft and malversation charges against former Agrarian Reform secretary Nasser Pangandaman, former Budget secretary Rolando Andaya Jr., alleged pork barrel scam mastermind Janet Lim Napoles and 22 others for il.....»»

Category: newsSource:  thestandardRelated NewsDec 27th, 2016

Aguirre defends DOJ budget before De Lima

Aguirre defends DOJ budget before De Lima.....»»

Category: newsSource:  rapplerRelated NewsOct 8th, 2016

ARMM defends budget, proves mettle in house committee hearing - Mindanao Examiner

ARMM defends budget, proves mettle in house committee hearing - Mindanao Examiner.....»»

Category: newsSource:  googlenewsRelated NewsSep 28th, 2016

ARMM defends budget, proves mettle in house committee hearing

MANILA &'' Following a budget briefing last week, officials of the Autonomous Region in Muslim Mindanao (ARMM) began defending the proposed regional budget for 2017 in the House of Representatives on Tuesday. ARMM officials presented the budget in a pre-p.....»»

Category: newsSource:  mindanaoexaminerRelated NewsSep 28th, 2016

Tugade defends DOTC budget at House hearing

Tugade defends DOTC budget at House hearing.....»»

Category: newsSource:  thestandardRelated NewsSep 9th, 2016

Duterte defends Palace budget - Inquirer.net

Duterte defends Palace budget - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsAug 26th, 2016

Duterte defends Palace budget

Duterte defends Palace budget.....»»

Category: newsSource:  inquirerRelated NewsAug 25th, 2016

Andaya faces charge in P35M PDAF scam

QUEZON CITY &'8212; Former Budget Secretary and now re-elected Camarines Sur 1st District Rep. Rolando Andaya was formally charged by the Office of the Ombudsman, along with Rep. Salaclib Baterina of the 1st district of Ilocos Sur, alleged pork barrel sca.....»»

Category: newsSource:  bicolmailRelated NewsAug 11th, 2016

Ex-budget secretary Andaya charged over Napoles pork barrel scam

Ex-budget secretary Andaya charged over Napoles pork barrel scam.....»»

Category: newsSource:  inquirerRelated NewsAug 10th, 2016

Usec sa DBM, gitangtang ni Digong

Gibutyag ni Presdente Rodrigo Duterte nga iyang gitangtang ang undersecretary sa Department of Budget and Management (DBM) tungod sa korapsyon.The post Usec sa DBM, gitangtang ni Digong appeared first on Abante News Online......»»

Category: newsSource:  abanteRelated News4 hr. 55 min. ago

Above 6% GDP eyed with ‘catch-up plan’

THE country’s economic managers will embark on an “expenditure catch-up plan” to offset the negative impact of the delayed 2019 budget on growth. “This morning, the members of the Economic…READ The post Above 6% GDP eyed with ‘catch-up plan’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 25th, 2019

BTr: Govt posts P87-B budget surplus in April

THE government incurred a budget surplus of P86.9 billion in April as state spending contracted amid a marginal growth in revenues, the Bureau of the Treasury (BTr) said on Friday,…READ The post BTr: Govt posts P87-B budget surplus in April appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 25th, 2019

Gov’t swings to surplus in April as spending slows on 2019 budget delay

UNDERSPENDING due to the delayed passage of the 2019 national budget caused the government’s fiscal position to swing to a surplus in April, the Bureau of the Treasury (BTr) reported on Friday......»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2019

Govt posted April surplus of P86.9b after budget delay

Govt posted April surplus of P86.9b after budget delay.....»»

Category: financeSource:  thestandardRelated NewsMay 24th, 2019

F1 eyes may have opened after Alonso s Indy 500 flop

By Dave Skretta, Associated Press INDIANAPOLIS (AP) — Alexander Rossi had no idea what he was getting into when he moved from Formula One to IndyCar. Turning left the whole race? Looks easy. But as Rossi soon found out — and as two-time world champion Fernando Alonso and his McLaren team learned in failing to qualify for the Indianapolis 500 last weekend — getting around Indianapolis Motor Speedway at speeds eclipsing 230 mph is a lot tougher than it looks. "I didn't understand what oval racing was. I didn't understand what IndyCar racing was, because there is no exposure to it in Europe," said Rossi, an American who moved to Europe as a teenager and made his F1 dreams come true with seven starts during the 2014 and '15 seasons. "So when guys haven't been a part of it," Rossi said, "they don't understand how difficult it is, how unique it is to everything they've done. On TV, let's be honest, it doesn't look that challenging, so being a European driver, in your mind you're at the pinnacle of the sport. You think, 'Of course I can go over there and do that and it wouldn't be a problem.'" That inherent arrogance was underscored two years ago, when Alonso showed up at the Indy 500 for the first time. He ran near the front all race, only for his Honda engine to let him down. Naturally, many F1 drivers were quick to pounce on their rival open-wheel series, claiming it must not be too difficult to win in IndyCar if Alonso could be competitive right out of the gate. "I looked at the times and, frankly, for his first-ever qualifying for Fernando to be fifth — what does that say about Indy?" five-time F1 champion Lewis Hamilton mused to L'Equipe shortly afterward. "A great driver," he said, "if he cannot win in Formula 1, will look for other races to win." In other words, Hamilton was calling IndyCar second-rate. That's part of why so many eyebrows jumped at McLaren's spectacular disappointment. "Fernando may have done well in 2017, so there may have been a feeling like all he has to do is show up and take it over," said Mark Miles, the chairman of Hulman & Co., which owns Indianapolis Motor Speedway. "I think this causes that sense of, 'Hey, this is harder than we thought.'" The team that bumped the well-funded, England-based team with the rich racing heritage from this year's field? None other than Juncos Racing, the tiny team founded by Argentina-born Ricardo Juncos and to this day run on such a shoestring budget that it was still signing up sponsors on Wednesday. The moment Kyle Kaiser put their car in the field last Sunday was the moment McLaren's world collapsed, leading to the firing of Bob Fernley, who headed its IndyCar operation. "We got it wrong," the team's boss, Zak Brown, said Thursday ahead of this weekend's Monaco Grand Prix, the showcase race on the F1 calendar. "There are little stories behind each of those individual issues and how they transpired, but you know, we didn't execute and therefore we didn't qualify for the Indy 500." In doing so, they showed just how difficult it is to win the "Greatest Spectacle in Racing," and perhaps earned IndyCar drivers a certain measure of respect from their F1 counterparts. "You've got to be a good driver, but setup and all those things at those margins is so important," said F1 driver Daniel Ricciardo, who has never driven an Indy car or raced on an oval. "I don't know the ins and outs, but everything needs to work right and that's the thing with race cars. It's a love-hate relationship. Obviously, this year for (Alonso) was more of a hate one. "It's sad to see," Ricciardo added. "Obviously as part of the F1 family, we want him to do well." One of the reasons the Indy 500 is so difficult is it tests the machines — and how they are tuned — just as much as the drivers. Manufacturers such as Mercedes and Ferrari can pump $300 million into their teams and essentially buy the crucial tenths of a second they need to win races, but IndyCar teams work with a relatively stock setup that puts the onus on crew and driver. "A big team like McLaren, and you see a small team like Juncos, it just shows this competition, it's not easy no matter who you are," three-time Indy 500 winner Helio Castroneves said. "It is one of the toughest places on Earth to get in, and you've seen big teams like Penske have failed." Rossi has so far bucked the trend, winning the 100th running of the Indy 500 in his 2016 debut. He was second the following year and fourth last year, each time benefiting from the experience, equipment and resources that his Andretti Autosport team has poured into its efforts over the years. "Fernando is a world champion. You expect him to do a good job," Rossi said. "But at Indianapolis, to find speed, it's experience, kind of the tricks of the trade that money can't buy, and I think that gets lost on a lot of people, and I think that was on full display this past week." ___ AP Auto Racing Writer Jenna Fryer and AP Sports Writer Jerome Pugmire contributed......»»

Category: sportsSource:  abscbnRelated NewsMay 24th, 2019

Govt posts budget surplus in April

THE government incurred a budget surplus in April as state spending contracted amid a marginal growth in revenues, the Bureau of the Treasury said on Friday, attributing the latest data…READ The post Govt posts budget surplus in April appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 24th, 2019
Category: newsSource:  manila_shimbunRelated NewsMay 23rd, 2019

Budget saga delayed construction of over 4,000 classrooms, 10,000 teacher hires

THE Department of Education (DepEd) said Wednesday that it failed to start construction on 4,100 new classrooms and fill at least 10,000 teaching positions in the first three months of the year because of the delayed passage of the 2019 budget......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2019

McLaren s failed Indy 500 effort was a comedy of errors

By Jenna Fryer, Associated Press INDIANAPOLIS (AP) — The comedy of errors that doomed McLaren's disastrous return to the Indianapolis 500 began months before Fernando Alonso failed to qualify for the race. How bad was it? A week before Alonso's first test in the car, the team realized it didn't even have a steering wheel. McLaren CEO Zak Brown acknowledged Monday the team was woefully unprepared and small oversights snowballed into the final result. Bob Fernley, the head of the operation, was fired hours after Alonso missed the race and Brown returned to England to digest the embarrassment of his venture. Brown on Monday provided The Associated Press a detailed timeline of the bloopers and blunders that led to Alonso missing the race, the last piece the two-time Formula One champion needs in his quest to win motorsports' version of the Triple Crown. "I don't think we came into this arrogant, I think we were unprepared," Brown said. "We didn't deserve to be in the race and it's our own fault. It's not like we showed up and gave our best. We defeated ourselves." The path to missing the 33-driver field began when the car was not ready the moment Texas Motor Speedway opened for the April test. Brown had personally secured a steering wheel the previous week from Cosworth to use for the test, and the mistakes piled up from there. "We didn't get out until midday, our steering wheel was not done on time, that's just lack of preparation and project management organizational skills," Brown said. "That's where this whole thing fell down, in the project management. Zak Brown should not be digging around for steering wheels." A cosmetic issue at the Texas test haunted McLaren deep into last week at Indianapolis Motor Speedway. McLaren purchased a car from technical partner Carlin, and though the car was orange when McLaren received it, it was not the proper McLaren "papaya orange." It had to be repainted after the test, and that still had not been completed when Alonso crashed his McLaren-built car last Wednesday. The Carlin spare was in a paint shop 30 minutes from the track, more than a month after McLaren complained about the color, and it ultimately cost McLaren almost two full days of track time. The team looked foolish as other teams were able to move into backup cars in mere hours; James Hinchcliffe crashed in Saturday qualifying and was back on track in his spare that afternoon. Carlin was a two-car team when McLaren made its alliance but expanded to three for the Indy 500. Once Carlin took on the extra work, Brown said, the team had few resources to give McLaren. "It was clear they weren't capable of running three cars and serving us," he said. Carlin entrants Max Chilton and Patricio O'Ward were the two other drivers who failed to qualify. McLaren's poor showing is one of the biggest failures in Indy 500 history. Roger Penske missed the show with Al Unser Jr. and Emerson Fittipaldi in 1995, a year after dominating the race. Reigning CART champion Bobby Rahal missed it in 1993, and two-time Indy winner Rodger Ward never got up to speed to make the 1965 field. The McLaren budget for this Indy 500 was strong, every sponsorship opportunity had been sold and the venture was a guaranteed commercial success for McLaren. Brown was somewhat hands-off and focused on the critical rebuild of the Formula One part of the program. He now laments waiting too long to become heavily involved with the Indy 500 effort. He also believes he was too slow in assigning McLaren sporting director Gil de Ferran, a former Indy 500 winner, oversight of the program. "I should have been closer to Indy but I could never compromise Formula One," Brown said. "At 9:01 in the morning when we weren't on track at the first test, that's when we failed to qualify for the Indianapolis 500. We didn't ring the fire alarm quick enough because we could have recovered after the first test. "I am angry at myself because I was uncomfortable all the way up to the first test and I should have followed my instinct to get more involved." Many of the issues were beyond Brown's control. The car had an electrical issue in last month's test at Indy and an employee was taken off the team for the error. Alonso had another electrical issue on opening day for the 500 and the alternator and wiring loom had to be replaced. Alonso crashed on the second day, and McLaren missed all of Day 3 rebuilding the spare from Carlin that was finally the proper shade of orange. Fast Friday showed the car still needed speed, and Alonso went into qualifying on shaky ground. His first qualifying run was sabotaged by a tire puncture — which wasn't detected beforehand because Brown said the team had purchased incorrect tire sensors. Alonso wound up one of six drivers in the "Last Row Shootout" on Sunday and the panicked McLaren team begged and borrowed across the paddock for any assistance available. Alonso went out to practice Sunday with an entirely new setup, but in the frantic changeover a mistake was made in converting inches to the metric system the English team uses and the car scraped and sparked on his first lap. It had to be fixed and Alonso got in just five more laps before rain ended the session. When it came time for Alonso to make his final last-gasp qualifying attempt late Sunday afternoon, the Spaniard was given a car that Brown and de Ferran were concerned might not perform. "Gil and I went to the motorhome and told Fernando: 'We are going to try this, but this could go well or really wrong. Are you comfortable?'" Brown said. "And Fernando said, 'Let's go for it.'" Alonso agreed that he never backed away from the challenge. "We went out with an experiment that we did overnight. We changed everything on the car because we thought that maybe we need something from the mental side different to go into the race with some confidence," Alonso said. "We went out not knowing what the car will do in Turn 1, but you're still flat. So we tried." The new setup and assistance from other teams indeed got the car up to speed, but Alonso was knocked from the field by 23-year-old Kyle Kaiser of tiny Juncos Racing. McLaren discovered after the qualifying run that the car had the wrong gear ratio setup. "We actually had a 229 (mph) car but we had 227.5 gearing, so we beat ourselves again while we almost made it," Brown said. "We really did put it all on the line and you could feel the anxiety. There was some real heroism in that. I don't want the world to think McLaren is a bunch of idiots because while we did have a few, we had some real stars." Alonso has rejected an offer from the team to purchase a seat in the Indy 500 field for him. What's next is a careful lookback as Brown figures out McLaren's future at both the Indy 500 and the IndyCar Series. He still wants to field two full-time entries in the series but isn't sure yet how much of a setback this has been. He believes McLaren will be back next year at Indy for a second chance. "I feel an obligation to the fans and sponsors, we let them down. We didn't fulfill our promise and I think they need more than just an apology," Brown said. "There will be repercussions for those who don't deserve to work for a great team like McLaren. We will look at what we learned here and the list is a mile long. I hope people appreciate that we go for it, we are racers, and Fernando is a star and we are not quitters. We want to come back.".....»»

Category: sportsSource:  abscbnRelated NewsMay 21st, 2019