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Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Budget surplus unlikely to last – Recto
The record budget surplus in January is unlikely to be sustained over the coming months, more so for the rest of the year, but the government is not worried so long as revenue targets are achieved, according to Finance Secretary Ralph Recto......»»
Unprogrammed appropriations boosted 2023 budget by P374 billion
The government has included a P374-billion additional program, on top of the P5.268 trillion national budget in 2023, the bulk of which were unprogrammed appropriations......»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
P4.57 trillion in agency budget released
Nearly 80 percent of the record P5.768 trillion budget for the year has been released as the government ramps up implementation of various programs......»»
DavOro guv refutes claims she barred dept heads from attending SP budget proceedings
DAVAO de Oro Governor Dorothy "Dotdot" Gonzaga clarified the information released by the Office of Vice Governor Jayvee Tyron Uy that among the factors of the delay of the approval of the Calendar Year Executive Budget for 2024 was because she prevented the department heads of the provincial local government unit from attending the Sangguniang Panlalawigan (SP) proceedings......»»
Charter Day bonus for Cebu City gov’t employees ‘still pending’
CEBU CITY, Philippines – The Charter Day bonus for Cebu City government employees is still subject to deliberation, meaning there is no definite final date yet as to when it will be given. Councilor Noel Wenceslao, chairman of the Committee on Budget and Finance, has confirmed that Supplemental Budget 1, which includes allocations for the.....»»
‘Imee budget realigning led to millions not receiving 4Ps’
Nearly 4.3 million poor Filipinos were deprived of cash aid under the government’s Pantawid Pamilyang Pilipino Program in 2023 after Sen. Imee Marcos realigned the 4Ps funding of P13 billion in the national budget to another social amelioration program, a member of the House of Representatives said yesterday......»»
PBBM ilalarga food stamp program sa Hulyo
Sisimulan na sa Hulyo ang full implementation ng food stamp program ni Pangulong Bongbong Marcos sa mga pamilyang kapos sa pagkain. The post PBBM ilalarga food stamp program sa Hulyo first appeared on Abante......»»
Joaquin Domagoso nagtatrabaho sa fast food, walang sweldo
TRABAHADOR at trainee ang panganay na anak ni dating Manila Mayor Isko Moreno na si Joaquin Domagoso sa itinayo niyang fast food sa Bonifacio Global City, Taguig – ang Ugbo 24/7. Nagsisimulang magbantay ang aktor sa naturang fast food resto simula 1 p.m. hanggang 6 o 7 p.m.. Ang Ugbo ay mula sa Ugbo street.....»»
Solon nangumpiska ng driver’s license sa fast food
Nairita raw ang isang lalaking mambabatas sa nakaharang na sasakyan sa parking ng fast food restaurant kaya kinuha nito ang lisensiya ng driver. The post Solon nangumpiska ng driver’s license sa fast food first appeared on Abante......»»
Philippines to hold biggest international food trade show
The 17th International Food Exhibition Philippines, the country’s biggest international trade exhibition for food and ingredients, is set to showcase on May 10 to 12 more than export-ready quality products from hundreds of exhibitors and key players in the food community......»»
Philippine food firms’ sales hit $133 million in Dubai fair
Philippine food companies generated $133 million worth of export sales from a food trade show held in Dubai last month, according to the Center for International Trade Expositions and Missions......»»
WATCH: Magic Men Australia eat Filipino street food Kwek-kwek, squid balls with a twist
Magic Men Australia mutually agreed that Filipino food is good, with some of them even gamely eating not just one skewer of innards when they were challenged to eat Filipino street food. .....»»
Moody’s: Philippines highly exposed to food security risks
Food security risks will likely remain elevated in Asia-Pacific even if prices of food ease this year, with the Philippines among the most exposed to shocks and risks in the region, Moody’s Investors Service said......»»
Benny Blanco makes new Filipino food review after Jollibee online backlash
After earning the ire of many Filipinos who had seen his initial negative review of Jollibee, American record producer Benny Blanco uploaded another food review video, this time giving a more favorable review of Filipino food. .....»»
‘Food tourism boosts local economy, farm production’
Food tours in this province have helped boost agricultural production and the local economy, according to farm owners and food producers......»»
FDA approves a drug to treat severe food allergies, including milk, eggs and nuts
The US Food and Drug Administration (FDA) has recently approved a groundbreaking new drug called Xolair, developed by Genentech, to treat severe food allergies. This.....»»
Laurel pushing for lower food freight costs
The country’s prevailing freight rates on agricultural shipments must be “discounted” to keep food prices nationwide “affordable,” Agriculture Secretary Francisco Tiu Laurel said. Laurel said that he would propose to the Philippine Ports Authority to implement a “discounted” freight rate for agricultural and food products......»»
Cebu offers prospects for US agricultural exporters
Cebu offers strong opportunities for direct shipments of US agricultural exports, driven by the feed and food manufacturing, food service and food retail sectors, according to the United States Department of Agriculture......»»