A former ranking Department of Finance (DOF) official who had spearheaded the agency's anti-graft and corruption as well as tax-evasion enforcement arms shall take the reins as the new president of the big business group Management Association of the Philippines (MAP) next year. Lawyer Emmanuel...
Department of Budget and Development (DBM) Secretary Amenah F. Pangandaman is confident that the country is poised to achieve its economic targets but challenges may emerge, impeding socioeconomic development. During the 2024 Fiscal Policy Conference, on Nov. 22, Pangandaman said that although the...
The government's infrastructure spending surged 16.9 percent to P137.1 billion in September of this year, from P117.3 billion a year ago, according to the Department of Budget and Management (DBM). This increase was driven by robust investments in public works, transportation, and national defense...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved guidelines for the pilot implementation of the government’s e-marketplace, aimed at efficient purchasing at the digital platform. Pangandaman, who also chairs the Government Procurement Policy Board (GPPB),...
Illustrated by Franchezka Cardiño, 17, Multiple Intelligence International School Kevin Conrad A. Ibasco, 24, is the founder of the Pangasinan Youth Disaster Risk Reduction and Management (PYDRRM) , a youth-led non-government organization which advocates for disaster risk reduction and...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the release of P5 billion to enhance the assistance program of Department of Social Welfare and Development (DSWD) for Filipinos affected by typhoons. According to DBM, this enhancement of Assistance to...
Budget Secretary Amenah F. Pangandaman has approved the release of P875 million to replenish the Department of Social Welfare and Development's (DSWD) Quick Response Fund (QRF) to ensure timely support for families affected by typhoons. An Oct. 30 report indicated that the DSWD's available QRF had...
Senator Joel Villanueva underscored the need to ensure that sufficient funding is allocated for the implementation of enacted laws. Villanueva, Senior Vice Chairperson of the Senate Committee on Finance, pointed out that a 2023 Department of Budget and Management (DBM) report revealed that over 200...
The government will provide 25 kilograms of rice assistance to all active military and uniformed personnel (MUP) to help them manage socio-economic challenges and support the agriculture sector. Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman commended the president for...
Big business has welcomed the clearer investment rules plus enhanced fiscal perks under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. "CREATE MORE will certainly help improve the global competitiveness of the...
Aboitiz-led Union Bank of the Philippines (UnionBank) and the ATRAM Group have entered into an investment agreement to merge their respective trust subsidiaries. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank announced that it will hold a 27.5 percent ownership stake in ATR...
Following the lower-than-expected third-quarter growth, the Department of Budget and Management (DBM) said it will prioritize agriculture and climate action to foster stronger economic growth in the year’s final three months. “We will reinforce our prioritization of agriculture and climate...
