Recto wants pension funds to buy government stake in SCTEX
Finance Secretary Ralph Recto wants the two pension funds to buy the government’s share in toll roads to ensure that the state will not be at a loss......»»
Recto backs MUP pension for new entrants only
Finance Secretary Ralph Recto is pushing for changes in the pension scheme of military and uniformed personnel (MUP), but only for new entrants, in yet another deviation from his predecessor......»»
SC ruling favors spouse in pension case
Should a spouse who marries a member of the Social Security System after the latter suffers a total and permanent disability qualify for a survivorship pension? Or should a provision of the social security law that says only the primary beneficiaries ‘as of the date of disability’ shall be entitled to receive a monthly pension prevail?.....»»
Learn effective utilization of government funds
Inefficient utilization of funds has been a continuous problem in the public sector, causing delays or non-implementation of government programs, projects, and activities, among others. Such issues defeat the purpose of budgeted and allocated funds that should benefit the general public......»»
Ralph Recto named as new Finance secretary
In a statement, Senate President Juan Miguel Zubiri said that he welcomes Recto’s appointment as the new Finance chief, remarking that Recto was known in the Senate as the “resident numbers genius.”.....»»
Clark airport to connect with NLEX, SCTEX
Travelers who want to fly through the Clark International Airport will enjoy direct access to the gateway once the government completes its road link to expressways by 2026......»»
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......»»
PH has funds to deal with new COVID-19 variants – DOH
MANILA, Philippines — The Philippines has enough funds to respond against the new COVID-19 variants, the Department of Health (DOH) said on Wednesday. According to DOH Undersecretary Achilles Bravo, the DOH has a surplus of funds with which it can accommodate purchases for responses against the COVID-19 variants specially the FLiRT variant. READ: PH airports,.....»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»
FACT CHECK: P20K automatic monthly pension for senior citizens false
A YouTube channel, Tita Kitkat TV claims that the government will now provide an automatic P20,000 monthly social pension for all senior citizens......»»
Rama wants state of calamity declared in Cebu City due to El Niño
CEBU CITY, Philippines – Mayor Michael Rama wants to place Cebu City under a state of calamity or a state of emergency due to the effects of the El Niño phenomenon. The declaration will allow City Hall to use government funds to assist those who are badly affected by the worsening El Niño, especially the.....»»
Nueva Ecija provincial government told to return P96.8 million unused funds
The provincial government of Nueva Ecija has been asked to return P96.81 million in unutilized funds it received from various government agencies......»»
Recto urges PSE to work with government in transforming PH capital market
Recto urges PSE to work with government in transforming PH capital market.....»»
Recto: Government no plans of imposing additional taxes
Recto: Government no plans of imposing additional taxes.....»»
House OKs enhanced social pension bills
hree bills enhancing social pension for senior citizens and persons with disabilities were approved on third and final reading as administration and opposition lawmakers in the House of Representatives crossed party lines on Tuesday......»»
House panel considering monthly pension for retired Olympians
The House youth and sports committee on Wednesday considered a legislation that would provide retired Filipino olympians with a lifetime monthly pension of at least P15,000 — an amount that a lawmaker said would honor the athletes’ lifetime of “perseverance and sacrifice.”.....»»
House panel OKs P89 billion for seniors’ universal social pension
A universal social pension measure has gained a foothold after a House of Representatives committee yesterday approved the budget allocation for the benefit......»»
DBM releases P49.8 billion social pension for indigent seniors
The Department of Budget and Management has released nearly P50 billion in social pension for more than four million senior citizens in the country......»»
Indigent seniors’ monthly social pension now P1,000
The long wait is over for indigent senior citizens as they can receive a monthly social pension of P1,000 starting February, the Department of Social Welfare and Development said yesterday......»»
SSS pushed P300 million into REITs in Q4
Government-run pension funds like SSS and GSIS have significant PSE portfolios, and it is possible to track changes in these portfolios over time using the Top 100 Shareholder disclosures released quarterly by each company......»»
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......»»