After the devastating earthquake in Cebu, Department of Budget and Management (DBM) Secretary Amenah Pangandaman urged national agencies to immediately activate their quick response funds (QRF), with the source fund now standing at ₱8 billion. This follows President Ferdinand Marcos Jr.’s order...
Government agencies posted a 93.8-percent utilization rate of their cash allocations as of end-August, lower than last year’s 95 percent, with the Department of Information and Communications Technology (DICT) and the Department of Energy (DOE) still falling behind. Latest data from the...
The influential Management Association of the Philippines (MAP) is asking the government to reallocate a portion of the ₱255.5 billion originally intended for flood control projects to fund the upgrade of stations along the EDSA Busway. “Since the government is not inclined to appropriate funds...
MALASIQUI, Pangasinan – The head of the Provincial Hospital Management Services Office (PHMSO) in Pangasinan has ordered increased security and restricted access measures within the premises of 14 provincial government-run hospitals. PHMSO head Dr. Tracy Lou Bitoy, in a memorandum issued on...
Budget Secretary Amenah F. Pangandaman has approved the release of ₱1.64 billion to cover the fiscal year (FY) 2023 performance-based bonuses (PBB) of over 110,600 personnel of the Armed Forces of the Philippines–Philippine Army (AFP-PA). “This release highlights our commitment to recognize...
For Jennifer Chuason, what began as a single condo purchase has grown into a portfolio of 26 homes—each one carrying its own story of purpose, stability, and family. A businesswoman, mother of five, and now semi-retired, she looks back at that first decision more than a decade ago as the spark...
The Department of Budget and Management (BDM) has clarified that the government’s unprogrammed appropriations (UA) are not a discretionary “pork barrel” or a “magic fund.”
In a statement, Budget Undersecretary Goddes Hope Libiran said the UA funds are a congressionally authorized...
A Senate finance subpanel on Wednesday, September 10 has approved the proposed budget of the Office of the President (OP) and the Presidential Management Staff (PMS) for 2026, marking it “deemed submitted” for plenary consideration. The OP has a proposed budget of P27.3-billion, while PMS has...
Filipino business executives are closely monitoring the government’s efforts to combat corruption, according to the 2025 Philippine CEO Survey released on Monday, Sept. 8. The study, conducted by Isla Lipana & Co./PwC Philippines in partnership with the Management Association of the Philippines...
Following the presidential directive to crack down on contractors involved in anomalous flood control projects, the Department of Budget and Management (DBM) is canceling the Philippine Government Electronic Procurement System (PhilGEPS) membership of these firms to bar them from future government...
Razon-led Manila Water Co., Inc. has sold its minority stake in Thai water utility firm Eastern Water Resources Development and Management Public Company Limited for ₱1.1 billion as it divests non-core assets where it does not exercise control. In a disclosure to the Philippine Stock Exchange,...
Economic growth in Asia-Pacific stands to benefit from increased artificial intelligence (AI) and cloud computing adoption across the region, according to the Asian Development Bank (ADB). In a brief titled “Leveraging Artificial Intelligence and Cloud Computing to Accelerate Growth in Asia and...
