Some P1 billion will be allocated to local government units (LGUs) for their Green, Green, Green Program, which aims to build green open spaces such as parks and plazas in their areas. Department of Budget and Management Secretary Amenah F. Pangandaman said that the budget will benefit around 80...
The Department of Energy (DOE) is batting for the corporate life extension of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) so it can serve as counterparty to the investing-entity that will rehabilitate the Agus hydropower complex in Mindanao. Energy Secretary Raphael...
The Asian Institute of Management (AIM) honored Ayala Corp. Chairman Jaime Augusto Zobel de Ayala by conferring upon him the Honorary Degree of Doctorate in Management. Zobel, a Harvard-educated luminary, was recognized by AIM for his contributions to the business landscape of Asia. Under his...
The Marcos administration is set to settle all outstanding arrears for the health emergency allowance (HEA) owed to healthcare workers, the Department of Budget and Management (DBM) announced. In a statement on Thursday, July 4, Budget Secretary Amenah F. Pangandaman said that the DBM will disburse...
The government will inject around P110 million into the country’s arts sector, such as game development and animation. Department of Budget and Management Secretary Amenah F. Pangandaman has approved the issuance of a special allotment release order and its corresponding notice of cash allocation...
The Department of Budget and Management (DBM) has instructed government agencies with low budget utilization rates to submit their catch-up plans. In a DBM circular letter dated June 28, the budget department ordered heads of departments, agencies, bureaus, and offices of the national government to...
While its corporate life will already end in two years, the outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is still at a whopping P292.486 billion as of end-April this year. According to the company, its total debts stand at P254.6...
The Department of Budget and Management (DBM) announced that it will increase the government’s proposed budget for 2025 by 10 percent to P6.352 trillion from P5.768 trillion in 2024. During a briefing of the Development Budget Coordination Committee (DBCC), DBM Secretary Amenah F....
The Department of Budget and Management (DBM) has greenlit the release of P14 billion to cover the regular pension requirements of military retirees for the period of July to September 2024. The approval, granted on June 14, 2024, comes in response to the Department of National Defense (DND) –...
The government’s expenses for infrastructure projects increased in April this year driven by flood control projects and foreign-assisted projects, the Department of Budget and Management (DBM) said. The national government's total infrastructure and other capital outlays amounted to P118.9...
The government released over P88 billion in May with the bulk of it going to the Department of Public Works and Highways (DPWH) to fund its foreign-assisted projects. Data from the Department of Budget and Management showed that the DPWH was allotted P46.9 billion for its capital outlays to cover...
The Department of Budget and Management (DBM) has allotted P387 million to the Department of Health for its medical vehicles. Budget Secretary Amenah F. Pangandaman approved the issuance of authority to purchase motor vehicles (APMV), permitting the procurement of 141 units of motor vehicles,...
