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The Treasury Department criticizes Mexican government support for Pemex and CFE

The US Treasury Department criticized the Mexican government’s support for its “deficit state companies”. The United States Department of the Treasury Confirmed that Support for.....»»

Category: newsSource: thedailyguardian thedailyguardianApr 18th, 2021

GOCCs remit P160.6 billion to Treasury for pandemic response

Sixty-three state-run corporations have remitted P160.62 billion to the National Treasury as of mid-December to support the government’s pandemic response efforts, the Department of Finance said yesterday......»»

Category: financeSource:  philstarRelated NewsDec 31st, 2020

Cong. Tolentino to lobby return of slashed 2020 PSC budget

Philippine Olympic Committee president and congressman Bambol Tolentino will lobby in the House of Representatives the return of the funds slashed from the national sports agency brought by the coronavirus (COVID-19) pandemic. The Philippine Sports Commission was among the government agencies instructed by the Department of Budget and Management to slice its 2020 budget by more than half. The PSC returned P700 million out of its P900 million budget to be used in the fight against the deadly virus.    PSC’s other source of fund was also severely hit by the health crisis with the dwindling remittance from the Philippine Amusement and Gaming Corporation as most of the country put under community quarantine, forcing the agency to do belt-tightening measures including slashing the national athletes’ allowances in half. Tolentino told reporters on Monday via Zoom press conference that PAGCOR has resumed its remittance. “Nag-remit na ang PAGCOR ulit. I don’t know kung mako-cover na ‘yung portion ng month na nabawasan na ang allowances,” he said. However, anticipating that the remittance won’t be enough, Tolentino announced that he will lobby in Congress the return of the diverted PSC budget. “Pero kung ‘di man ma-cover (ng PAGCOR remittance), my announcement is, not as POC president, but as a member of the House of representative, we will try to give back the amount that was taken from the PSC national development fund na ibinalik sa national treasury for the COVID-19 use. Amounting to P700 million,” said the representative of the eighth district of Cavite. Athletes are set to have their allowances cut in half starting July. “So kung ‘yun lang ang kailangan para maibalik o ma-sustain ang mawawala we will try in the House of Representatives I will lobby for it. We will try to return it in this coming second Bayanihan extension act to return the amount given to the national treasury because of the COVID-19,” said Tolentino. “Para lang ‘wag mabasawan o maibalik, para lang complete ang allowances again ng mga athletes.” The lawmaker added the athletes who brought honor and pride to the country including copping the overall championship in the 2019 Southeast Asian Games held in the country deserve to receive full financial support from the government even amid this crisis. “Ang point ko rito kasi baka di alam ni Pangulong (Rodrigo) Duterte na tinamaan ‘yung mga national athletes, ‘yung mga allowances. Baka kapag nalaman niya, ‘Huh? After giving pride and glory being overall champion sa SEA Games tapos tatamaan din sila, yung mga frontliners natin sa sports,’” he said. “Pipilitin naming ibalik ang amount na ‘yun,” added Tolentino.      --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsJun 22nd, 2020

GOCC subsidies drop to P24 billion in April

Subsidies extended by the national government to state-owned corporations reached P23.9 billion in April, lower than the funding support provided in the same period last year, data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsJun 7th, 2021

Palace supports non-disclosure of vaccine brand

Malacañang on Thursday expressed support for the Department of Health's policy not to reveal in advance the brand of COVID-19 shots to be administered in vaccination sites, saying all jabs approved by the government are safe and effective......»»

Category: newsSource:  philstarRelated NewsMay 20th, 2021

US hits Myanmar ministers, central bank chief with sanctions

The US Treasury slapped sanctions on 16 senior Myanmar officials and family members Monday, citing their support for the government's "violent and lethal attacks" against the country's pro-democracy movement......»»

Category: sportsSource:  abscbnRelated NewsMay 19th, 2021

Subsidies to GOCCs reach P11.5 billion in Q1

Subsidies extended by the national government to state-owned corporations reached P11.5 billion in the first quarter, lower than the funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

DOH records more cases of coronavirus variants

"The DOH continues to reiterate that strict and consistent adherence to the minimum public health standards, increased support for the national vaccination program, and continued implementation of prevention, detection, isolation, treatment and reintegration strategies by local government units along with the imposition of immediate localized interventions such as granular lockdowns are still key to mitigating the continued number of increasing cases and the transmission of COVID-19," the department said. .....»»

Category: newsSource:  philstarRelated NewsApr 18th, 2021

U.S. grants P170M for vaccine deployment

The United States Agency for International Development (USAID), is providing the Philippines P170 million ($3.5 million) to support the Department of Health (DoH) in its Covid-19 vaccination rollout. The new assistance, which brings total US government support for the Philippines’ Covid-19 response to nearly Php1.3 billion ($27 million), will strengthen the country’s health system and […] The post U.S. grants P170M for vaccine deployment appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsApr 15th, 2021

GOCC subsidies reach P7.6 billion from January to February

Subsidies extended by the national government to state-owned corporations amounted to P7.581 billion from January to February, lower than funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2021

Densing to Leni: Help unify the nation

By CHITO A. CHAVEZ Department of Interior and Local Government (DILG) Undersecretary Epimaco Densing III on Thursday urged Vice President Leni Robredo to help in “unifying the nation” in this time of the pandemic. “All she needed to do was support (the government),” Densing said Densing made his statement as he admitted that the “Lugaw” […].....»»

Category: lifestyleSource:  abscbnRelated NewsApr 1st, 2021

GOCCs subsidies reach P230 billion in 2020

Subsidies extended by the national government to state-owned corporations reached a new record high of P230.418 billion in 2020 as funding support for various pandemic-response programs were ramped up, data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2021

DOT backs streamlining of travel requirements

The Department of Tourism on Tuesday expressed support for the Department of Interior and Local Government’s ongoing streamlining of entry requirements and procedures implemented by various local government units......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2021

USAID turns over donation

The United States Agency for International Development (USAID) last Friday turned over 371 laptop computers worth more than Php16 million ($333,000) to the Department of Education (DepEd). The donation was part of the United States’ ongoing commitment to support the Philippine government’s Basic Education Learning Continuity Plan during the Covid-19 pandemic. In a ceremony held […] The post USAID turns over donation appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 22nd, 2021

Visayas Farms to Sustain Growth This Year

Different farms and the whole agriculture industry in all the three provinces in the Visayas will sustain growth this year 2021 according to the Department of Agriculture (DA). Heads of DA’s regional offices stated that the support for Filipino farmers from the national government should be the top priority in order to achieve the projected […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 12th, 2021

More senators back calling another Senate hearing on govt’s vaccine plan

More senators wanted to call for another Senate hearing on the government’s COVID-19 vaccine overall plan as they noted that more questions are yet to be answered by the Executive Department. Senate Minority Leader Franklin Drilon and Senator Francis Pangilinan said they support calling for another hearing on the matter calling the vaccination plan laid […] The post More senators back calling another Senate hearing on govt’s vaccine plan appeared first on Daily Tribune......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2021

DILG reports 500+k signatures from LGUs back & lsquo;surgical& rsquo; Cha-cha

The Department of the Interior and Local Government (DILG) has presented to Congress the half-million signatures gathered across different provinces to signify grassroots support for “surgical” amendments to the 1987 Constitution, especially its economic provisions......»»

Category: newsSource:  thestandardRelated NewsJan 14th, 2021

GOCC subsidies hit P229 billion from January to November 2020

Subsidies received by state-run corporations rose to P228.7 billion in the first 11 months of 2020, boosted by the government’s funding support for various coronavirus pandemic response programs, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

Gov’t prepares for dual-tranche benchmark-sized dollar bond sale

Credit watchers S&P Global Ratings, Fitch Ratings and Moody’s Investors Service on Wednesday assigned investment-grade scores to the Philippine government’s proposed dual-tranche and benchmark-sized US dollar-denominated bond offerings that will mature in 2031 and 2045.The proceeds from the bond issuances are intended for general purposes, including budgetary support.  The Bureau of the Treasury did not […].....»»

Category: newsSource:  balitaRelated NewsDec 3rd, 2020

Dominguez asks DTI to return interest earnings of PITC to Treasury

Finance Secretary Carlos Dominguez III formally asked the Department of Trade and Industry to return to the Bureau of the Treasury the interest earnings of the Philippine International Trading Corp. to help augment the government’s COVID-19 response and disaster relief efforts......»»

Category: financeSource:  thestandardRelated NewsDec 1st, 2020

DTI willing to return PITC’s P1.15 billion interest income

The Department of Trade and Industry is willing to return to the national government the balance of interest income earned from funds with its attached agency Philippine International Trading Corp., as the Department of Finance called for the funds to be given back to support the fight against the coronavirus pandemic......»»

Category: newsSource:  philstarRelated NewsNov 30th, 2020