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DepEd to push for additional benefits for teachers
he Department of Education will push for “additional benefits” for teachers before Congress, amid a pending bill filed by the Makabayan bloc seeking to increase teachers’ monthly salary to P50,000......»»
Balai Ni Fruitas reallocates P50-M in IPO proceeds to complete commissary build
Balai Ni Fruitas said that its board approved a reallocation of its IPO proceeds, from “Store network expansion and store improvement”, to “Commissary set up”......»»
‘Salisi Gang’ members nabbed during Sinulog
CEBU CITY, Philippines – Two women believed to be members of a ‘salisi gang’ were arrested here while trying to steal valuables from unsuspecting individuals during the Fiesta Señor and Sinulog celebration last Sunday, January 21. Police from Mabolo Police Station confirmed that they detained two females accused of stealing nearly P50,000 in cash and.....»»
Over 600-K affected by shear line in Davao
Over 600,000 people in Davao Region were affected by a shear line, causing unprecedented damage and extensive flooding and landslides. The regional director of the Office of Civil Defense-Davao Region emphasized the need to address these issues and called for collaboration to prevent future disasters. The agriculture sector suffered over P50 million in damages, while infrastructure incurred around P25 million in damages. The report also highlighted the impact on road sections, bridges, and houses, with significant assistance provided by OCD-Davao. Plans are underway for a region-wide flooding dialogue and realignment of projects with disaster prevention efforts in collaboration with the Department of Public Works and Highways. Related stories include urging proactive measures in establishing disaster services at barangays and the expedited release of aid for Davao disaster victims......»»
Fake feng shui expert arrested
A man who allegedly stole P50 million from his victims over several years by posing as a feng shui expert was arrested in Quezon City on Thursday......»»
BOP swings to deficit in April 2024
The central bank attributed the outflows to the national government’s net foreign currency withdrawals from its deposits with the BSP to “settle its foreign currency debt obligations and pay for its various expenditures.”.....»»
Government hikes borrowings to P2.57 trillion for this year
The Philippines raised its 2024 borrowing program by four percent to P2.57 trillion, which could make fiscal consolidation more challenging for the government......»»
Royalty on mining operations outside reservations pushed
The Mines and Geosciences Bureau (MGB) said that mining operations outside mineral reservations must pay a royalty as part of the government’s rationalization of the country’s mining fiscal regime......»»
P146 billion airport contracts set for signing this year
The Department of Transportation will sign this year more than P146 billion worth of contracts for the privatization of four airports, freeing up fiscal space for the government and building up the public-private partnership landscape......»»
PH Allocates Over P32 Billion to Boost Workforce
The Philippine government has allocated billions of funds to enhance employment and livelihood programs in the 2024 budget. The Department of Budget and Management (DBM) Secretary, Mina F. Pangandaman announced a substantial allocation of P32.720 billion under the Fiscal Year 2024 General Appropriations Act (GAA). The budget includes important initiatives spearheaded by the Department of […].....»»
Recto wants to expand free education
The government should make fiscal space available to expand free education in the country, according to Finance Secretary Ralph Recto, as he deviates yet again from his predecessor......»»
Recto sets sights on ‘more realistic’ targets
Nearly a month in office, the head of the government’s economic team is already looking at a review of growth and fiscal targets this year and over the medium term, noting that global developments should prompt for “more realistic” expectations......»»
Palarong Pambansa 2024: Cebu City allocates P205M for games
CEBU CITY, Philippines – The Cebu City government has allocated a budget of P205 million for its hosting of the Palarong Pambansa 2024 this July. However, the amount is still subject to deliberation and approval by the city council. READ: DepEd expects Cebu City’s ‘world-class’ hosting of Palarong Pambansa Previously, during the signing of the.....»»
2 CNTs killed, 3 high-powered firearms seized in Pambujan encounter
Two CPP-NPA Terrorists (CNTs) were killed and three high-powered firearms were seized by government troops after an armed encounter in Sitio Badulan, Barangay Cagbigajo, Pambujan, Northern Samar on July 22, 2023......»»
Deficit-to-GDP ratio softens to 4.5 percent in Q1
The budget deficit’s share to the overall economy softened in the first quarter and is still closing into its pre-pandemic level as the government moves to consolidate its finances......»»
BOP shortfall narrows to $196 million in February
The Philippines registered a balance of payments shortfall of $196 million in February, its second straight month of deficit, as the government settled more foreign debt obligations last month, the Bangko Sentral ng Pilipinas said......»»
Government posts P88 billion surplus
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending......»»
‘National, local government teamup needed for waste, water security’
National government agencies and local government units (LGUs) should collaborate to address the growing problem of waste management and water security, according to Interior Secretary Benhur Abalos......»»
Figaro posts rise in quarterly earnings
Figaro Coffee Group Inc. (FCG) sustained its momentum in the third quarter of its current fiscal year, delivering a five percent rise in net income to P105 million on the back of higher revenues......»»
Mitsubishi Philippines names new president
Mitsubishi Motors Philippines Corp. is aiming to grow its sales by 15 percent this fiscal year as it officially welcomed its new president......»»