The government allotted around P114 billion to the 2025 budget of the Pantawid Pamilyang Pilipino Program (4Ps) under the Department of Social Welfare and Development (DSWD). In a statement, Budget Secretary Amenah F. Pangandaman said this figure is an increase of about eight percent from P106.35...
The Department of Finance (DOF) said that President Marcos will soon sign the law imposing value-added tax (VAT) on foreign digital service providers, such as Netflix. During a Senate Finance subcommittee hearing on Tuesday, Aug. 27, Finance Secretary Ralph G. Recto said the DOF and the Bureau of...
The national government's budget deficit widened in the first seven months of the year, despite revenues growing at a faster rate than public spending, data from the Department of Finance (DOF) showed. During the DOF budget deliberations on Tuesday, Aug. 27, Finance Secretary Ralph G. Recto...
While the green halo of renewables is highly regarded as the planet’s ultimate shield against climate change risks, the flourishing ‘silent infiltration’ of terrorist financing in many energy markets around the world is a ‘dark undercurrent’ that Philippine financial regulators will be...
Seven former secretaries of the Department of Finance (DOF) have expressed their support for utilizing excess funds from government-owned or controlled corporations (GOCCs) to finance important government projects. In a joint statement on Tuesday, Aug. 27, the former DOF chiefs said that...
ILOILO CITY — Tourism Secretary Christina Garcia-Frasco led the groundbreaking of a P10-million tourist rest area (TRA) in Tubungan town, Iloilo province on August 23. DOT Secretary Christina Frasco leads the groundbreaking of a P10-million tourist rest area in Tubungan town, Iloilo...
(MANILA BULLETIN) The additional P6.4 billion earmarked for the Tourism Road Infrastructure Program (TRIP) under the 2025 National Expenditure Program (NEP) will have a two-fold impact, Quezon City 4th district Rep. Marvin Rillo said. First,...
The Philippines is more focused on deterring armed attack rather than considering it amid the series of China's aggression in the West Philippine Sea (WPS). A rigid hull inflatable boat (RHIB) reaches the starboard side of BRP Sierra Madre in Ayungin Shoal to deliver fresh supplies for Filipino...
One of President Marcos’ economic managers has said that an “A” credit rating from Moody’s Ratings is now within reach, as the government intensifies its efforts to achieve this coveted status. Although Moody’s has still kept the Philippines’ credit rating at “Baa2”—an...
The Department of Finance (DOF) is offering the government’s remaining shares in NLEX Corp. to the public, which the Pangilinan group failed to acquire due to privatization rules. Finance Undersecretary Catherine L. Fong confirmed to Manila Bulletin that the government still holds 64,920 shares...
FOR MONDAY ISSUE The national government's infrastructure spending is on track to meet its full-year target, the Department of Budget and Management (DBM) said. Based on the DBM's national government disbursement performance report, the budget allocated for infrastructure projects in the second...
Kabayan Party-list Rep. Ron Salo (Rep. Salo's office) Kabayan Party-list Rep. Ron Salo gave special mention to President Marcos and Speaker Martin Romualdez as he expressed his gratitude to everybody who played a key role in ensuring...
