The Department of Budget and Management (DBM) said that the budget allocation for local government units (LGUs) will reach over P1 trillion next year. Based on a memorandum released by the DBM, the total national tax allotment (NTA) for LGUs in 2025 will amount to P1.034 trillion, an 18 percent...
The Department of Budget and Management (DBM) has approved the disbursement of funds aimed at supporting students in indigenous communities to access high-quality education. A Special Allotment Release Order (SARO) totaling P57.12 million, along with its corresponding Notice of Cash Allocation, has...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
The Department of Budget and Management (DBM) said it is in the final stages of conducting a compensation and benefits study targeted at evaluating potential salary adjustments for government workers. Budget Undersecretary Goddes Hope O. Libiran said the study, scheduled to be finalized...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
Aboitiz scholar Gilbert Chua (standing) during his studies at the Asian Institute of Management-Aboitiz School of Innovation, Technology and Entrepreneurship (AIM ASITE). In 2019, the Aboitiz Group donated US$10 million to the Asian Institute of Management (AIM) to establish the Aboitiz School of...
The Philippines has emerged as a standout performer in the 2023 Open Budget Survey (OBS), solidifying its position as a frontrunner in budget transparency and public engagement in Southeast Asia. The recently released OBS survey results underscored the country's progress in upholding open...
The Department of Education (DepEd) will soon begin hiring 5,000 non-teaching personnel with a base monthly salary of at least P27,000, the Department of Budget and Management (DBM) announced. This decision comes after Budget Secretary Amenah F. Pangandaman granted approval to DepEd's request for...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has lauded the leadership and members of Congress for the ratification of the New Government Procurement Act (NGPA). Pangandaman said this legislation is a significant milestone under the Marcos administration’s ongoing...
The Department of Budget and Management (DBM) has committed to settling all arrears of the Health Emergency Allowance (HEA) by the end of 2025. In a statement, Budget Secretary Amenah F. Pangandaman said she is focused on resolving the outstanding HEA payments for healthcare workers. “Our...
The Department of Budget and Management (DBM) announced the release of over P2 billion to acquire firetrucks and ambulances to enhance emergency response. Budget Secretary Amenah F. Pangandaman has approved the special allotment release order amounting to P2.880 billion for the Department of the...
Jay Clement Coson, Bernie Jiao, Chrissy Roa, Bea Atienza, and Bobby Simborio The Philippine Association of National Advertisers (PANA) and the Asian Institute of Management (AIM) launched the Brand Academy, a four-Friday seminar series crafted for junior marketers and brand architects, on May 2,...
