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FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»
Risk appetite
When the controversial Maharlika Investment Fund was proposed and debated in Congress, the point was made that Filipino taxpayers do not have extra funds to potentially lose in a sovereign investment fund. But the BBM administration was insistent......»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
Ensure enough assessors for SHS learners’ certification – senator
Ahead of the rollout of the free assessment and certification for senior high school graduates in the technical-vocational livelihood (TVL) track, Sen. Sherwin Gatchalian said the Technical Education and Skills Development Authority (TESDA) should ensure that there will be enough assessors for the program......»»
DA backs early rice tariff collection certification
The Department of Agriculture is supporting the proposed earlier certification of tariffs collected from rice imports to fast-track the rollout of programs aimed at aiding farmers such as cash assistance......»»
Teachers to start revised K-10 curriculum training this week
The Department of Education will start training teachers this week for the rollout of the revised K-10 “Matatag” curriculum in the coming school year......»»
SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t
SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»
Rama to barangays: No aid if fire safety initiatives not done
CEBU CITY, Philippines – Cebu City Mayor Michael Rama took a bold stance on withholding yearly aid and allocations of barangays if they would fail to comply with re-blocking initiatives in communities at risk of fire. He said that the fund in context would be sourced from the Local Development Fund (LDF). READ: Probe.....»»
Pag-IBIG to increase member contributions in February 2024
MANILA, Philippines — The Home Development Mutual Fund or the Pag-IBIG Fund said that it will raise its member contributions in February 2024. In a phone interview on Tuesday, it said that monthly contributions from employees and employers will be increased to P200, from the minimum P100. ALSO READ: PhilHealth members’ contribution rises to 5%.....»»
ERC suspends reserve market settlement
The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»
Philippines suspends over 130 officials over rice sale scandal
MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»
Philippines suspends over 130 officials over rice sale scandal
MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»
Comelec suspends proceedings for people’s initiative to amend Charter
MANILA, Philippines — The Commission on Elections (Comelec) on Monday said it will halt all proceedings related to the signature drive for amending the 1987 Constitution via people’s initiative (PI). This includes the Comelec’s acceptance of signatures in their local offices. In a press conference in Manila, Comelec Chair George Garcia said that the commission.....»»
DA to tap buffer fund for stockpile of products
The Department of Agriculture is planning to use its buffer fund to build stockpiles of “sensitive” products such as rice and pork to ensure public access to affordable food in the market......»»
KATRIBU on the impact of Maharlika Investment Fund on the Moro and Indigenous Peoples
A speech delivered by Beverly Longid, KATRIBU National Convenor, during the Maharlika Investment Fund forum organized by the First Quarter Storm (FQS) Movement......»»
SRA allots P66-M fund for El Niño mitigation measures
SRA allots P66-M fund for El Niño mitigation measures.....»»
DPWH to fund P5.385B worth of projects in Lapu-Lapu in 2025
LAPU-LAPU CITY, Cebu — The Department of Public Works and Highways (DPWH) will fund P5.385 billion worth of projects for Lapu-Lapu City in 2025. These projects were submitted to Mayor Junard “Ahong” Chan during its City Development Council (CDC) meeting. The amount has four components, which consist of the Asset Preservation Program, National Road Network.....»»
Villar pushes extension, higher budget for RCEF
Sen. Cynthia Villar wants to double the annual guaranteed allocation for the rice competitiveness enhancement fund to P20 billion as she seeks to extend the fund by another six years or until 2030......»»
Cebuana Lhuillier, Packworks boost MSME growth with ‘Sari Fund’
Cebuana Lhuillier, Packworks boost MSME growth with ‘Sari Fund’.....»»
DBM approves P455-million funding to aid rice farmers
The DBM said that the fund was released to the Department of Agriculture (DA) and three other Government-Owned and Controlled Corporations to cover the fund’s operating requirements for the first quarter of 2024......»»