Almost 2,000 families in Bulacan are expected to benefit from the national government’s housing project after the Home Development Mutual Fund or Pag-IBIG Fund released around P101.5 million for mass housing in Bocaue town. The fund is intended to finance the ongoing...
The Social Security System and Government Service Insurance System could buy the shares of Subic-Clark-Tarlac Expressway to benefit their pension funds, according to Finance Secretary Ralph G. Recto. Recto told reporters on Tuesday that the government has plans for the SCTEX including selling some...
The Social Security System (SSS) announced that its net revenues for the first three months of the year increased by 60 percent. In a proactive effort to reach its goal of P100 billion in total net income for this year, SSS said that the overall net revenues for the first quarter valued at P33.9...
The Office of the Ombudsman (OMB) has found probable cause to charge in court former Department of Health (DOH) secretary Francisco T. Duque and Procurement Service-Department of Budget and Management (PS-DBM) undersecretary Lloyd Christopher A. Lao with graft in the alleged illegal transfer of...
The Philippines is keen on hosting the Loss and Damage Fund (LDF) Board to secure increased climate financing and wider opportunities for cooperation to effectively tackle the impacts of climate change. In a statement on Tuesday, April 23, Finance Secretary Ralph G. Recto announced that President...
The National Economic and Development Authority (NEDA) has expressed its support for the Department of Agriculture’s proposal to extend the Rice Competitiveness Enhancement Fund (RCEF). “NEDA is looking at that issue. There are pros, there are cons. I would like to think that keeping the RCEF...
Senator Sherwin Gatchalian renewed his call to strengthen the involvement of local government units (LGUs) in improving the quality of basic education. Gatchalian said that this is part of the effort to decentralize governance in the basic education sector. His proposal is outlined in the 21st...
The Maharlika Investment Corp. (MIC) unveiled its new company logo that aims to symbolize dedication to building a prosperous future for the Philippines. Inspired by the majestic Philippine Eagle, the state-run firm governing the Maharlika Investment Fund (MIF) said the logo embodies strength and...
The provincial government of Leyte "misused" P1.287 million of its Local Disaster Risk Reduction and Management Fund (LDRRMF) for catering services and other unrelated activities in 2023, the Commission on Audit (COA) said. In its 2023 annual audit report, COA said disbursements...
The Home Development Mutual Fund or Pag-IBIG Fund has released P200 million to finance the construction of two housing projects in Luzon and Visyas, the Department of Human Settlements and Urban Development (DHSUD) said on Sunday, April 14. DHSUD Secretary Jose Rizalino Acuzar said the two...
(Mark Balmores/MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee said the Department of Agriculture (DA) should be ready to disburse its Quick Response Fund (QRF) provided under the national budget amid the severe drought affecting various...
The Commission on Audit (COA) has flagged the officials of Ramos town in Tarlac for "lack of responsiveness to the real needs of residents' when 90 percent of the town's farmlands were inundated and 1,126 families were affected by typhoons "Egay" and "Falcon" in July and August 2023. In its 2023...
