GOCC subsidies rise 27% in 2017 led by PhilHealth

SUBSIDIES granted to government-owned and -controlled corporations (GOCCs) in 2017 grew 27%, with the Philippine Health Insurance Corporation (PhilHealth) continuing to take the largest share. The Bureau of the Treasury (BTr) said subsidies provided by the national government hit P131.09 billion in 2017, compared with P103.19 billion in 2016. The government had budgeted P152.22 billion […] The post GOCC subsidies rise 27% in 2017 led by PhilHealth appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 13th, 2018

GOCC subsidies rise 27% to P131 billion in 2017

MANILA, Philippines — The national government released P131.09 billion in subsidies last year to state corporations to support their respective programs and.....»»

Category: financeSource:  philstarRelated NewsMar 14th, 2018

GOCC subsidies rise over 80% at start of second quarter

FINANCIAL SUPPORT given to state-owned corporations grew 80.19% at the start of the second quarter, data from the Bureau of the Treasury (BTr) data show. Overall subsidies in April reached P3.87 billion from P2.15 billion last year. However, it was lower by 89% from the previous month’s P35.24 billion. The National Irrigation Administration (NIA) received […] The post GOCC subsidies rise over 80% at start of second quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 22nd, 2018

GOCC subsidies down 25% in Jan

MANILA, Philippines - Subsidies granted to government-owned and -operated corporations (GOCC) declined by a quarter in the first month of 2017 as it reached.....»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2017

GOCC subsidies reach P32.47 B in July

The national government extended P32.47 billion in subsidies to government-owned and -controlled corporations (GOCCs) last July to support their operations, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource:  philstarRelated NewsSep 9th, 2018

Real Madrid revenue reaches 750 million euros, up 11 percent

MADRID --- Real Madrid says its operating revenue for 2017-2018 reached 750.9 million ($871 million), 11 percent more than the previous year. The figure, which doesn't include gains from the transfers of players, represents an increase of more than 76 million euros ($88 million), the largest rise for the club in a financial year since 2000. Madrid, which sold Cristiano Ronaldo to Juventus for more than 100 million euros ($116 million) in July, won its third straight Champions League title last season. The Spanish powerhouse also won FIFA's Club World Cup and the European and Spanish Super Cups. Its basketball team won the Euroleague and the ACB League. Madrid said Thursday...Keep on reading: Real Madrid revenue reaches 750 million euros, up 11 percent.....»»

Category: newsSource:  inquirerRelated NewsSep 7th, 2018

Consumer network seeks ‘control, greater govt regulations’ amid rise in price of rice

A NETWORK of consumer groups called for “control and greater government regulations” amid the rising price of rice. “[The] Government must do all that it can to restore the Philippine’s stature as a top rice-producing country. This can only happen with sufficient budget and subsidies for domestic agriculture and producers, production, distribution and marketing support,… link: Consumer network seeks ‘control, greater govt regulations’ amid rise in price of rice.....»»

Category: newsSource:  manilainformerRelated NewsAug 29th, 2018

Consumer network seeks ‘control, greater govt regulations’ amid rise in price of rice

A NETWORK of consumer groups called for “control and greater government regulations” amid the rising price of rice. “[The] Government must do all that it can to restore the Philippine’s stature as a top rice-producing country. This can only happen with sufficient budget and subsidies for domestic agriculture and producers, production, distribution and marketing support, [...] The post Consumer network seeks ‘control, greater govt regulations’ amid rise in price of rice appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 29th, 2018

De Lima seeks probe of PhilHealth’s P4.75-billion net loss in 2017

Senator Leila M. De Lima has filed a resolution seeking investigation on the P4.75 billion net loss incurred by the Philippine Health Insurance Corp (PhilHealth) in 2017. “It is imperative that government continues to deliver an effective health insurance program and social protection mitigating mechanisms helping individuals and their households reduce the impact of future […] The post De Lima seeks probe of PhilHealth’s P4.75-billion net loss in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 17th, 2018

De Lima seeks probe on PhilHealth’s P4.7-B net loss

Senator Leila De Lima has sought an investigation into PhilHealth's P4.75-billion net loss in 2017 as reported by the Commission on Audit (COA). De Lima has filed Senate Resolution No. 840, directing appropriate committees in the upper chamber to look into PhilHealth's net loss, which, according to the legislator, significantly affects the agency's sustainability to fulfill its mandate. "There is a need to determine the root cause of the incurred losses as well as the possible accountability of the PhilHealth leadership," De Lima said in a statement issued Friday. De Lima added PhilHealth also failed to avail of the government's P37.06-billion allocation for indigents' premium c...Keep on reading: De Lima seeks probe on PhilHealth’s P4.7-B net loss.....»»

Category: newsSource:  inquirerRelated NewsAug 17th, 2018

Aretha Franklin’s music rise on charts following her death

NEW YORK --- Aretha Franklin's music quickly climbed the iTunes' charts following her death on Thursday. Her "30 Greatest Hits" album hit the No. 1 spot, replacing Nicki Minaj's new album, while "Respect" reached No. 2 on the songs' charts. More songs from Franklin, including "(You Make Me Feel Like) A Natural Woman," ''Think," ''Chain of Fools" and "I Say A Little Prayer," were in the Top 40. The iTunes charts tracks digital sales and is updated multiple times each day. Franklin died pancreatic cancer at age 76. She had battled undisclosed health issues in recent years and in 2017 announced her retirement from touring. /ee...Keep on reading: Aretha Franklin’s music rise on charts following her death.....»»

Category: newsSource:  inquirerRelated NewsAug 16th, 2018

3 DoTr agencies among top dividend remitters in 2017

Three agencies under the Department of Transportation (DoTr) were among the government owned and controlled corporations (GOCC) with the highest amount of dividends remitted to the country’s coffers in 2017. Topping the list is the Civil Aviation Authority of the Philippines (DoTr-CAAP), while Philippine Ports Authority (PPA) ranked as second, and the Manila International Airports […].....»»

Category: newsSource:  tribuneRelated NewsAug 16th, 2018

BLOGTABLE: Biggest storylines during first month? blogtable What (or who) will you be watching intently during the first 4-6 weeks of the season? David Aldridge: Like many, I'll be an amateur Kawhiologist all season, looking for any clues -- all non-verbal, as we know Leonard won't be contributing his thoughts on the matter at any point -- of his future intentions. Will he develop a sudden love of poutine? Start telling reporters, "take off, eh, you hoser?" Any other lazy Canadian narratives I can think of? Seriously, the potential fit between Leonard and the Raptors could really change everything, starting with the Lakers' fever dreams of a second superstar to pair with LeBron. If Toronto convinces Leonard it's a place in which he can put down long-term stakes, the Eastern Conference changes dramatically. All of a sudden, the Boston Celtics' assumed rise to the top for the next several years would not be guaranteed. A Leonard-led Toronto franchise, with the young ballers the Raptors have in support, would be formidable. But if it becomes clear he's going to bounce, won't the Raps have to seriously think about moving him before the deadline? His first days/weeks there will be crucial. Tas Melas: Kawhi Leonard in Toronto. He was unanimously a top-five player when his playoffs ended on the foot of Zaza Pachulia in 2017. What is he now? Will he smile ALL THE TIME just to troll us? I’m very intrigued. Darkhorse: Speaking of great players, also very intrigued to see what Giannis Antetokounmpo does in coach Mike Budenholzer’s offense. Giannis needs some help and better synergy around him so he can win a playoff series already. Is a new coach, growth within, and Brook Lopez enough? Dark-Darkhorse:There seems to be something happening very quietly in Indiana. Will Victor Oladipo take it to another level? Is Myles Turner gonna follow Oladipo’s lead by both getting cut like him and producing a career season? Will Pacers fans be chanting: “Doug-ie! Doug-ie!” (McDermott). Shaun Powell: A trick question, right? Well, of course it's the Lakers, not necessarily to see if LeBron James is still great, but to see if the team's transitional path is laced with banana peels. Remember, the first few months of the Big Three in Miami was rocky, and the Oklahoma City Thunder never really meshed last season. New faces often translate into awkward moments. There's no reason to suspect the young pups and LeBron and the wacky supporting cast of Rajon Rondo and Lance Stephenson won't eventually work out the kinks, but seeing them try to do so initially -- and checking out the social media (over)reaction to that -- will be fascinating. John Schuhmann: The Lakers and Markelle Fultz. The Lakers, because of their youth and because playing with LeBron James is a big adjustment for a lot of players, should be a better team in February and March than they are in October and November. That doesn't mean that they won't be fascinating to watch, especially on offense where it's not clear how the pieces fit together, from Day 1. On an individual basis, Fultz is the player to watch early in the season. If his shot is fixed, if his confidence is restored, and if he can play alongside Ben Simmons, the Sixers will have a better bench (to go along with what was the league's best high-volume lineup last season), a more potent offense and a higher ceiling. Sekou Smith: In addition to keeping an eagle eye on the Los Angeles Lakers from the first whistle of training camp until the final buzzer in their season finale (and that includes the first 4-6 weeks of the season), I am genuinely intrigued by the Boston Celtics. We all assume they'll insert Kyrie Irving and Gordon Hayward back into the mix and elevate above the rest of the Eastern Conference now that LeBron James is with the Lakers. I know that's the way things are supposed to go. But I want to see it. I want to see if Jayson Tatum and Jaylen Brown continue to thrive with those veterans back in the mix. I want to see how coach Brad Stevens handles the minutes for Terry Rozier and Marcus Smart now that they've had a taste of the spotlight, a real taste. I need to see if their chemistry can survive the gathering storm of all that talent that's been assembled. We didn't get a chance to see it in action last season with Hayward going down five minutes into the season opener. It's a potentially fascinating group that could prove to be a true rival for the Golden State Warriors on the other side of the conference divide......»»

Category: sportsSource:  abscbnRelated NewsAug 11th, 2018

HSBC: PH deficit to hit 2.9% of GDP

The government’s budget deficit will likely fall below the government’s programmed caps for this year and the next, banking giant HSBC said on Friday. “We expect the budget deficit to rise from 2.2 percent of GDP (gross domestic product) in 2017 to 2.9 percent this year and next,” it said in a report. The government has [...] The post HSBC: PH deficit to hit 2.9% of GDP appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 4th, 2018

PhilHealth reaps P3.4-B cash surplus

The Philippine Health Insurance Corporation (PhilHealth) has confirmed gaining cash surplus of P3.4 billion in the first five months of the year after it posted a P4.75-billion net loss in 2017. The state agency said that its current cash position is "enough guarantee that it has the liquidity to pay its obligations to accredited providers serving its members" after concerns were raised over its funds sustainability. As of May, PhilHealth acting President and CEO Roy Ferrer said the agency has a cash funding of P36.9 billion which came from the positive beginning balance of P33.5 billion, and the additional net cash inflow of P3.4 billion as of May 31, 2018, due to fresh premium pa...Keep on reading: PhilHealth reaps P3.4-B cash surplus.....»»

Category: newsSource:  inquirerRelated NewsJul 30th, 2018

GOCC subsidies reach P62.5 biliion in June

Subsidies granted by the national government to government -owned and -controlled corporations (GOCCS) reached P62.5 billion in the first half of the year, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource:  philstarRelated NewsJul 29th, 2018

Used-car prices rise in line with TRAIN, OLX says

ONLINE buy-and-sell platform OLX said prices of second-hand commercial vehicles posted on its website have jumped by as much as P150,000, amid speculation starting in late 2017 over the price impact of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The post Used-car prices rise in line with TRAIN, OLX says appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJul 26th, 2018

DTI opposes PEZA’s planned amendments to charter

The Department of Trade and Industry (DTI) opposes the plan of the Philippine Economic Zone Authority (PEZA) to amend the Special Economic Zone Act to become a government owned and controlled corporation (GOCC) directly under the Office of the President and have the power to grant tax perks and recommend subsidies for basic industries......»»

Category: financeSource:  philstarRelated NewsJul 22nd, 2018

PhilHealth: 93% of Filipinos covered by health insurance

Ninety-seven million of the country’s projected 104 million population have been covered by social health insurance as of the end of 2017, an official reported yesterday......»»

Category: newsSource:  philstarRelated NewsJul 12th, 2018

How the Pride flag was secretly paraded in anti-LGBTQ Russia

Russia may be a gracious World Cup host, but not everyone is welcome in the world's largest nation. Belonging to the lesbian, gay, bisexual, transgender and queer (LGBTQ) community in Russia could be life-threatening. In 2013, the socially conservative country made "gay propaganda" to those below 18 illegal. The ambiguous law has placed a ban on Pride marches and the rainbow-colored Pride flag. It has also made being gay more dangerous, with a rise in hate crimes since the law was implemented, according to a 2017 report by the Center for Independent Social Research. To protest Russia's homophobia, a group of activists found a way to wear the flag in plain sight---through football j...Keep on reading: How the Pride flag was secretly paraded in anti-LGBTQ Russia.....»»

Category: newsSource:  inquirerRelated NewsJul 11th, 2018

Morning Tip Q& A: Mohamed Bamba

By David Aldridge, TNT Analyst They have come seemingly all at once -- new, freakish size in the NBA with the ability to put the ball on the floor, shoot from deep and block everything that moves. Kristaps Porzingis begat Joel Embiid, who begat this year’s group of young big men who have grown up facing the basket rather than with their backs to it. Among the most intriguing of the 2018 Draft class is Mo Bamba, the 20-year-old from Texas via Harlem, where he grew up -- fast, as city kids tend to do, learning the game on the hardtops around New York City, while his parents, natives of Ivory Coast, wondered what the increasing fuss was around their son. He, on the other hand, has tended to handle the attention with aplomb and a smile. In a group full of long, tall people, Bamba still stands out, with an insane wingspan of 7'10" that allows for court coverage the likes of which hasn’t been seen. Bamba has been in the spotlight for a while -- the Westtown (Penn.) High School team on which he played featured teammates like Cam Reddish, a blue-chip guard who’ll play for Duke next season -- and played against the likes of the No. 1 pick in 2018, Deandre Ayton. At Texas, he starred for Coach Shaka Smart, himself among the biggest names in the sport. After one season in Austin, where he shattered the school record for blocked shots in a season, Bamba declared for the Draft, assured he’d be a high Lottery pick. But Bamba has also shown a willingness to work on what he doesn’t -- or, at least, didn’t -- do that well. He went to California for weeks with noted player development coach Drew Hanlen, who deconstructed Bamba’s jumper from the ground up. Hanlen lowered Bamba’s shot pocket, adjusted his fingers on the ball and eliminated a hitch Bamba had before shooting. Bamba displayed much improved form before the Draft, but even if he couldn’t hit the broad side of a barn, he was going high -- and, he did, to the Orlando Magic with the sixth pick overall. Desperate to regain relevance in the East, the Magic hired Steve Clifford after he was fired by Charlotte to try and improve their awful defense. At the least, Clifford inherited ridiculous size on his roster, with Bamba joining 6'10" second-year forward Jonathan Isaac and newly re-signed 6'9" forward Aaron Gordon. Bamba must show he can be a killer on the floor like Embiid, and will work to make that happen. The only significant question about him coming into the Draft was the consistency of his motor at Texas. In Las Vegas this week for Summer League with his new team, Bamba is getting his feet wet while keeping them firmly planted to the ground. David Aldridge: I know you’ve spent a lot of time with Drew on the shot. What feels better now? Mo Bamba: Everything. The mechanics are so much cleaner now than they were in college. I think the difference between college and now is just a matter of just repetition, being able to change my jump shot dramatically because of how much I’ve gone in and worked on it. DA: So with time, you can basically improve anything? MB: Yeah, my jump shot is night and day. DA: He also told me that one thing he wanted to keep working with you on after the Draft was, you have a little jump to your left when you shoot? MB: Yeah, that’s a bad tendency that I have. That’s something Drew didn’t want to change. He changed a lot of things, and that’s one of the best things about working with Drew -- he knows boundaries, and he knows how much is too much. That’s one of the things he didn’t want to change right off the bat. But that’s something I’ve been conscious of and something I’ve been working on since he pointed it out. DA: Given where you played high school, was there more pressure on you playing for Westtown or playing for Texas? MB: I’d say there was more pressure playing -- well, actually, it was both, equal. My sophomore year at Westtown, there was a lot of pressure, because I was at a program that had never won a state championship, and had gotten to the finals three or four years in a row. At Texas, I was coming to a team that hadn’t made the NCAA Tournament the year before. So I’d say it was pretty equal. DA: I would imagine playing on a team like that in high school, with Cam and all the others, maybe prepared you not only for college, but playing in the pros. MB: Yeah, Cam can go. He’s a really good basketball player. And I know for a fact I’ll see him here next year. DA: What was Harlem like to grow up in, day by day? MB: It was, when people ask that, I pretty much tell them that you just grow up fast. You’re making decisions at a very young age that most kids don’t even come close to making. I credit a lot of my success to being from Harlem, growing up there. DA: Harlem’s changed a little the last few years. MB: Yeah, gentrification is real. It’s real. DA: What was it like seeing that demographic shift? MB: Well, I was kind of there before gentrification kind of really hit. Obviously there was a bunch of condos that went up and it was pretty cool to see. It was every time I came back home -- I’d see a new development going up. DA: Best advice your parents ever gave you? MB: I wouldn’t say it was direct advice or a quote. I’d say the best thing my parents passed on to me was to let me make my own mistakes and figure out on my age how to kind of see the world on my own. Growing up as the youngest child, one or two years after your siblings, obviously that’s great. You’re learning without truly making the mistakes on your own. But at some point in your life, you’re gonna have to learn on your own. You’re gonna have to fall to rise. DA: Conversely, then, what’s the biggest mistake you’ve made so far? MB: I’d say that the biggest mistake I’ve made so far was not committing to Texas earlier. I think waiting was awesome. I was very methodical about waiting, very strategic about what I wanted in a university. But at the same time, if I could go back, I probably would have committed my junior year, so I could hit the ground running and build the relationships, get to know people. DA: How much freedom did Shaka give you when you were there to try things on the floor that might not necessarily be good for the team, but could be good for you individually down the road? MB: Coach Smart, he’s given me so much freedom to sort of grow into who I was. That’s been a big thing in my life -- my parents and all of my coaches. Coach Smart did a great job of just letting me come to terms with myself, as a basketball player and a person. DA: I saw in one of your interviews before the Draft that you don’t think people really understand you when you say you’re a unicorn. So define that for me as you see it. MB: Well, I mean, people kind of have a concept of what it means. To me, it’s just someone who makes plays that have never been seen before -- a seven-foot big guard, those are all unicorns to me. DA: You played against Ayton and guys like Jarrett Allen (the Nets’ first-round pick in 2017) in high school, and I know how much you’ve looked at Joel Embiid on tape. Are you guys the new normal when it comes to the next generation of bigs? MB: Yeah, I think this is becoming a theme, and you’ll see it more and more with guys coming out of high school. One of the guys you’ll see coming up is James Wiseman (the 6'11" rising senior center currently playing at East High School in Memphis, and who is considered by many to be the top college prospect in the Class of 2019). He’s younger, but he does a lot of the things that I do, that Deandre does, that Jarrett does. It’s refreshing to see so many people that can do what I do. DA: If you were six-feet tall instead of seven, what would you be doing? MB: I’d have to be around the game, like a scout or a GM, something around the game. DA: How did the basketball bug bite you so hard growing up? MB: Honestly, it’s just my competitive nature. It bleeds over into other aspects of my life. But basketball is just something that I really excelled at, and whenever I hit kind of adversity, or whenever I do something that makes me vulnerable enough to get better and to ask for help, I just took this and ran with it. DA: Since you’re a kid, I have to ask you how good you are at Fortnight? MB: I play recreationally. One of my best friends is really good at it, and whenever I play him I get Ws. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJul 9th, 2018