Armed with the simple, guiding principle: “Whatever decision we make, we should be able to eat and sleep well,” Hans T. Sy found the moral certainty to endure public fury over a construction project. For decades, the SM Group, founded by his late father, retail tycoon Henry Sy Sr., has been...
Almost always, the awarding of the Management Man of the Year, given by the influential group, the Management Association of the Philippines (MAP), is a blockbuster event. Yes Virginia, all roads seem to lead to the posh Shangri-La The Fort with most of the head honchos of the country’s top...
Digital transformation expert Donald L. Lim, the president of DITO CME Holdings, was elected the 78th president of the Management Association of the Philippines (MAP) for 2026, positioning the prominent business group to prioritize digital innovation and future-ready leadership. The election of...
Spending on hard infrastructure fell by almost a third in the third quarter, simultaneously missing the government’s target to ramp up disbursements for the period, as public spending faced tighter scrutiny in the aftermath of the flood-control scandal. Data from the Department of Budget and...
One of the most prominent voices in the private sector has expressed willingness to provide funding support for the Independent Commission for Infrastructure (ICI) in its ongoing investigation into the flood control scandal as calls for accountability and justice ramp up. Al Panlilio, president of...
To sustain the government’s ongoing relief and recovery efforts following recent disasters, the Department of Budget and Management (DBM) has released a total of ₱740.8 million to replenish the Quick Response Funds (QRF) of concerned agencies. In a statement, Budget Secretary Amenah Pangandaman...
Over 225,500 Philippine National Police (PNP) officials and personnel will receive a 2023 performance-based bonus (PBB) totaling ₱3.39 billion, as the Department of Budget and Management (DBM) has approved its release. According to the DBM bonus release, which will come from the Miscellaneous...
The country’s leading group of information technology and business process management (IT-BPM) firms opposed the “premature” identification of six companies that supposedly violated employees’ rights during the deadly 6.9 magnitude earthquake in Cebu, arguing that it could be detrimental to...
To ensure a higher level of transparency and accountability in public spending, Department of Budget and Management (DBM) Secretary Amenah Pangandaman is pushing for stricter rules against erring contractors, suppliers, and consultants. Under the New Government Procurement Act (NGPA), contractors...
The Management Association of the Philippines (MAP) has selected business tycoon Hans Sy, who chairs the executive committee of SM Prime Holdings, as the recipient of the group’s “Management Person of the Year.” In a statement, the MAP announced that Sy is the 49th recipient of the...
The Department of Budget and Management (DBM) has officially adopted blockchain technology in the government budgeting process. This milestone marks a bold step toward redefining transparency, efficiency, and accountability in public financial management. “Blockchain is more than a...
To expedite the recovery of victims of recent calamities that have struck the country, the Department of Budget and Management (DBM) has released a total of ₱1.6 billion for the calamity funds of national government agencies. This amount has been used to replenish the quick response funds (QRFs)...
