Malacañang said that the proposed suspension of the excise tax to address the rising price of oil in the country cannot just be implemented unless recommended by the Department of Finance (DOF) and the Development Budget Coordination Committee (DBCC). (File photo) Cabinet Secretary Karlo Nograles...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
President Rodrigo Duterte’s economic managers said the imposition of stricter quarantine status over Metro Manila and nearby provinces is a necessary setback in the country’s recovery in the wake of the highly transmissible COVID-19 Omicron variant. The inter-agency Development Budget...
Malacañang has trumpeted the indicators of the Philippines' strong economic performance amid its recent successes against the coronavirus disease (COVID-19). (Shivendu Shukla/ Unsplash) In a recent virtual press conference, Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles...
The country’s gross domestic product (GDP) could hit 5.5 percent growth for this year as more sectors of the economy are reopened and mobility restrictions are eased, according to the Development Budget Coordination Committee (DBCC). The DBCC, an inter-agency body that sets the country's...
The government will use the savings from the 2021 national budget to purchase some 20 million doses of COVID-19 vaccines which would be used as booster shots. Senator Sonny Angara, who chairs the Senate finance committee, and sponsor of the proposed P5.024-trillion national budget for 2022, said...
Senator Grace Poe on Sunday, October 31 lamented the government’s lack of proactive mechanisms to help public utility vehicle (PUV) drivers cope with the rising oil prices, saying she can only hope that the P1-billion promised cash assistance to the sector would materialize. Poe, who chairs the...
Malacañang expressed confidence Tuesday, Oct. 26 that the government would be able distribute the P1-billion fuel subsidy it had committed to the public transport sector before the end of the year. Presidential Spokesperson Harry Roque (Photo from Harry Roque's Facebook) Presidential...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
Senate Minority Leader Franklin Drilon on Thursday, Sept. 9 said he is disappointed that the proposed P5.024-trillion national budget for 2022 remains detached from reality and shows the Duterte government’s skewed priorities during this time of a COVID-19 pandemic. Drilon made his position known...
President Duterte’s economic mangers said the economy will return to pre-pandemic levels within the next two-years, reassuring Congress that the country has the capacity for a rapid expansion pace. (JANSEN ROMERO : MANILA BULLETIN) During the House Committee on Appropriations’ deliberations on...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
