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Quick rollout of PPPs to boost economic growth

The rollout of more infrastructure projects that involve the private sector is expected to prop up economic growth with the government likely to make up for its lagged spending last year, according to banking giant UBS......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

DA spending P5 billion yearly for solar-powered irrigation

The Department of Agriculture aims to spend at least P5 billion annually for the construction of solar-powered irrigation systems nationwide to boost rice productivity and mitigate adverse impacts of El Niño......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Marcos niligwak nationwide state of calamity

Nanindigan si Pangulong Bongbong Marcos na hindi kailangang ideklara sa buong bansa ang state of calamity bunsod ng matinding epekto ng El Niño dahil maaari naman itong gawin sa bawat rehiyon. The post Marcos niligwak nationwide state of calamity first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 8th, 2024

18 bayan, probinsya state of calamity sa El Niño

Sabi ni Presidential Communications Office (PCO) Assistant Secretary at Task Force El Niño Spokesperson Joey Villarama, marami pang lokal na pamahalaan ang nagbabalak na magdeklara na rin ng state of calamity dahil sa matinding epekto ng tagtuyot sa kanilang mga lugar. The post 18 bayan, probinsya state of calamity sa El Niño first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 6th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2024

Xinhua Asia-Pacific news summary at 1600 GMT, Feb. 20

KABUL -- The Afghan caretaker government has allowed girls graduating from 12th grade to get admission to state-owned medical institutes, state-run Bakhtar news agency reported on Tuesday. "The enrolment of girls who graduated from 12th grade has started in state-run medical institutes in Kapisa, Parwan, Panjshir, Wardak, Ghazni, Paktika, Logar, Khost, Badakhshan, Paktia and Bamyan provinces," the media outlet r.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

Davao Oriental under state of calamity

The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

GOCC handling Clark complex posts 33 percent profit drop in 2023

The state-run firm tasked to manage the Clark Civil Aviation Complex sustained a 33 percent cut to its profit in 2023, hurt by a combination of revenue decline and spending hike......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

AsPac govts spending heavily on digital security

As state agencies fall victim to cyber attacks, the public sector in Asia Pacific, including in the Philippines, is investing at least $7 billion this year for the upgrade of digital defenses......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Agencies’ budget usage rate improves to 70 percent

State agencies recorded a better spending rate at the start of the year as the government ramped up the release of its cash allocations to fund various projects......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

State subsidies drop by 8 percent to P20 billion in Q1

The government cut down its budgetary support to state-run firms by eight percent to almost P20 billion in the first quarter, with the bulk of the subsidies meant to support the agriculture sector......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

GOCC dividends surge to P88.6B - The Manila Times

DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

GOCCs’ dividend remittance bumped up to 75 percent of earnings

The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

GOCC subsidies down 18 percent to P164 billion in 2023

Budgetary support to state-run firms slipped to P164 billion last year amid a tight fiscal space but the health and agriculture sectors remain the priorities for subsidies......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

PPA targets P5 billion dividends in 2024

The Philippine Ports Authority plans to increase its contribution to the government to as much as P5 billion this year to retain its position as one of the highest remitters among state-run firms......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

8 more firms flagged for Ponzi-like schemes

For operating like Ponzi schemes, eight more entities were flagged yesterday by the Securities and Exchange Commission , as the state regulatory body advised the public against dealing with them, especially giving in to their solicitations for investments......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

DA eyes untapped West Philippine Sea areas to boost fish production

The Department of Agriculture is eyeing to develop untapped areas in the West Philippine Sea to boost the country’s fish production and lessen dependence on importation, a ranking official said yesterday......»»

Category: newsSource:  philstarRelated NewsMay 16th, 2024

PLDT, Smart boost connectivity at 2nd Mindanao Tourism Expo 2024

PLDT, Smart boost connectivity at 2nd Mindanao Tourism Expo 2024.....»»

Category: newsSource:  sunstarRelated NewsMay 13th, 2024

Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit

Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit.....»»

Category: newsSource:  sunstarRelated NewsMay 11th, 2024

Over P450-K to boost coffee, cacao processing in Bansalan

Over P450-K to boost coffee, cacao processing in Bansalan.....»»

Category: newsSource:  sunstarRelated NewsMay 7th, 2024