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DSWD-Davao raises child feeding budget to P21
The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»
Interim Budget: FICCI advocates measures in comprehensive budget recommendations for 2024-25
New Delhi [India], January 25 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has presented a set of comprehensive recommendations ahead of the Interim Union Budget for 2024-25, outlining a strategic roadmap to fortify India's economic foundation. The proposals span a spectrum of sectors, ranging from public investments to support for micro, small, and medium-sized enterprises (MSMEs), innovation.....»»
Interim Budget: FICCI advocates measures in comprehensive budget recommendations for 2024-25
New Delhi [India], January 25 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has presented a set of comprehensive recommendations ahead of the Interim Union Budget for 2024-25, outlining a strategic roadmap to fortify India's economic foundation. The proposals span a spectrum of sectors, ranging from public investments to support for micro, small, and medium-sized enterprises (MSMEs), innovation.....»»
Cebu City Council slashes Rama’s proposed P100B budget to P25B
CEBU CITY, Philippines — Cebu City Mayor Michael Rama’s proposed P100 billion budget for 2024 was reduced to P25 billion by the City Council, which overrode the mayor’s veto. Councilor Jocelyn Pesquera, vice chairperson of the council’s Committee on Budget and Finance, confirmed the decision on Wednesday, Jan. 24, emphasizing that all provisions in the.....»»
That extra step: How TV Patrol verified Rep. Paolo Duterte s questionable PHP51-billion infrastructure budget
CHEERS TO ABS-CBN's TV Patrol for its report that confirmed that Davao City 1st District Representative Paolo Duterte received a total of PHP51 billion for infrastructure projects from 2020 to 2022, when his father, former president Rodrigo Duterte, was still in o.....»»
House of Representatives ratifies bicam report on P3.002-T national budget for 2016
MANILA, Dec. 17 (PNA) — The House of Representatives assured there will be no reenactment of this year’s national budget by ratifying Wednesday night the bicameral conference committee report on House Bill........»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Philippines financial sector expands by 8 percent in February
The total resources of banks and non-bank financial institutions rose by 7.9 percent to P30.87 trillion as of end-February from P28.58 trillion in the same period a year ago, based on preliminary data from the Bangko Sentral ng Pilipinas......»»
ICT spending in AsPac reaches $1.3 trillion in 2023
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»
The trillion-dollar club
Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»
Philippines has potential to grow into $2 trillion economy – WEF
The Philippines can potentially expand to a $2-trillion economy over the next decade if investments in key sectors will be sustained, particularly in education and human development, according to a top official of the World Economic Forum......»»
Government debt payments rise to record P1.6 trillion
The country’s debt service registered a record P1.6 trillion last year, exceeding the program, as the government aggressively moved to cut mounting obligations......»»
Government borrowings inch up to P2.19 trillion
The Philippines slightly increased its borrowings to P2.19 trillion last year amid a high interest rate environment here and abroad, with the government almost hitting its entire financing program......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
End-January Philippine debt balloons to P14.79 trillion — Treasury
The Philippines' outstanding debt climbed to a record of P14.79 trillion as of the end of January 2024 due to the net issuance of domestic securities and the effect of peso depreciation, the Bureau of Treasury (BTr) said on Friday......»»
Bank assets up 8% to P31 trillion in 2023
The total resources of the country’s financial system went up by eight percent to hit P31 trillion in 2023, the Bangko Sentral ng Pilipinas said......»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»
InstaPay money transfers swell to P5 trillion
Real-time fund transfers via InstaPay jumped by 45 percent to P5 trillion last year as volume surged by 56 percent to 838.56 million, BancNet said......»»
PH debt rose to P14.62 trillion in 2023
PH debt rose to P14.62 trillion in 2023.....»»