The country’s leading business executives are in support of the fare increase in Light Rail Transit Line 1 (LRT-1), which took effect on Wednesday, April 2, given that it’s within the operator’s contract with the government. The Management Association of the Philippines (MAP),...
The Securities and Exchange Commission (SEC) has signed a data sharing agreement (DSA) on beneficial ownership information with the Procurement Service of the Department of Budget and Management (PS-DBM) as part of efforts to combat illicit financial flows in the procurement process. The SEC...
Senatorial candidate Ben Tulfo is eyeing for the establishment of a Department of Disaster and Emergency, which would oversee the National Disaster Risk Reduction and Management Council (NDRRMC). Senatorial candidate Ben Tulfo (MB file photo) Currently, the NDRRMC operates under the Office of Civil...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the issuance of a special allotment release order (SARO) amounting to over ₱16.9 billion to cover the funding requirements for increasing the subsistence allowance (SA) of military personnel. Pangandaman said...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman was honored as the “Outstanding Filipina in the Field of Public Service” at the Gawad Pilipino Awards Night on March 16 at Camp General Emilio Aguinaldo, Quezon City. This year’s Gawad Pilipino Awards, held in...
Discussions around the marketplace, including at the influential Management Association of the Philippines (MAP), centered on the historic Tuesday and its effect on the political arena, which eventually influences the environment of doing business. Sandwiched between former president and chief...
While the Marcos administration used 99 percent of funds allocated last year, the Department of Budget and Management (DBM) and Department of Human Settlements and Urban Development (DHSUD) only used around two-thirds of their funds. DBM data showed that the national government’s notice of...
Officials and personnel from the Department of Labor and Employment’s (DOLE) service offices, bureaus, and attached agencies participate in a two-day Quality Management System awareness seminar at the DOLE Central Office on Feb. 17-18, 2025, to enhance operational efficiency and improve public...
Following the controversial collapse of a bridge in Isabela province, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said future infrastructure projects will soon undergo more rigorous planning and approval processes. On the sidelines of a ceremonial signing event on...
Doubling the subsidy for the Philippine Health Insurance Corp. (PhilHealth) in the next fiscal year would be the most appropriate course of action if the Supreme Court (SC) orders the return of the ₱60 billion fund, according to the Budget chief. This comes after public demand to return the funds...
The Philippines’ recent exit from the global money-laundering watchlist is the “biggest” breakthrough that would push the country further towards achieving an “A” credit rating, according to the top executive of the local trust arm of Canadian insurance giant Sun Life. Speaking to...
While the Philippine economy is expected to expand by 6.2 percent this year, Sun Life Investment Management and Trust Corp. (SLIMTC) said the peso could depreciate to as low as 61 against the US dollar. “Growth will improve to 6.2 percent from 5.6 percent last year. However, peso will weaken and...
