One of President Marcos’ economic managers has said that an “A” credit rating from Moody’s Ratings is now within reach, as the government intensifies its efforts to achieve this coveted status. Although Moody’s has still kept the Philippines’ credit rating at “Baa2”—an...
FOR MONDAY ISSUE The national government's infrastructure spending is on track to meet its full-year target, the Department of Budget and Management (DBM) said. Based on the DBM's national government disbursement performance report, the budget allocated for infrastructure projects in the second...
The government has released an additional P3 billion to the Department of Information and Communications Technology (DICT) to sustain the implementation of the Free Public Internet Access Program (FPIAP) nationwide. Department of Budget and Management Secretary Amenah F. Pangandaman approved the...
The government increased its spending for infrastructure projects by 20.6 percent in the first six months of the year driven by road programs, data from the Department of Budget and Management (DBM) showed. According to the latest data from DBM, infrastructure expenditures reached P611.8 billion...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is consolidating its food and agribusiness units held by Pilmico and Gold Coin Management Holdings Inc. into the unified corporate brand Aboitiz Foods. Pilmico is one of the leading flour and feed manufacturers and meat...
Department of Budget and Management Secretary Amenah F. Pangandaman urged Congress to pass the National Government Rightsizing Program (NGRP) to address the issue of unfilled plantilla positions in the government. During a hearing of the Senate finance committee, Pangandaman said that the NGRP will...
The Department of Budget and Management (DBM) has urged agency heads to give priority to contract of service (COS) and job order (JO) workers when filling vacant government plantilla positions. In a statement on Thursday, Aug. 15, Budget Secretary Amenah F. Pangandaman said that 92 percent of the...
State economic managers should find time to consolidate the Marcos administration’s economic strategy and be cohesive about it, Senate Deputy Minority leader Risa Hontiveros said. Hontiveros noted that the current plans of the Department of Finance (DOF), Department of Budget and...
The government disbursed P13 billion in calamity funds in the first seven months, primarily for the restoration of infrastructure damaged by typhoons, data from the Department of Budget and Management (DBM) showed. Based on the data, the DBM released some P2.33 billion in July from the national...
Department of Budget and Management Secretary Amenah F. Pangandaman said on Monday, Aug. 12, that entry-level pay for educators in public schools will increase by around P3,024 in 2025. This comes following the signing of Executive Order (EO) No. 64 which will increase the salary of government...
(MMDA PIO) The Department of Environment and Natural Resources (DENR) said improper waste management practices from informal settlers resulted to the accumulation of garbage in rivers and creeks, which was cited as cause of the recent heavy flooding...
The government released around P579 million to fund projects, such as flood controls, in eight regions under the People’s Survival Fund (PSF). Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the release of a notice of cash allocation (NCA) amounting to...
