With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments. Dennis Edward A. Dela Serna,...
Government agencies posted a 94-percent utilization rate of their cash allocations in the first seven months of 2025, unchanged from a year ago, but the Department of Energy (DOE) and the Department of Information and Communications Technology (DICT) continued to trail behind. Latest data from the...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said it has already ordered government agencies to submit their catch-up plans following its slowest spending in three quarters in the second quarter. “We already asked each agency to submit to us their catch-up plan,”...
The government has programmed ₱419.9 billion in infrastructure spending for the third quarter, the biggest quarterly infra disbursement for 2025, at a time when allegedly fraudulent flood control projects are taking the spotlight amid concerns about some wasteful and corruption-laden public...
Senator Erwin Tulfo on Tuesday, August 19 pressed government officials to explain numerous flood control projects poured into provinces that are not even among the country’s most flood-prone areas. Citing a list released by President Marcos, Tulfo noted that Cebu received 414 flood control...
A military and uniformed personnel (MUP) reform has not made the cut for the priority legislation of President Ferdinand Marcos Jr.’s three remaining years, as enacting changes would entail higher costs. “I think the reform will be more costly at this point in time,” Finance Secretary Ralph...
The Office of Civil Defense (OCD) is set to organize a nationwide youth brigade that will serve as frontliners in promoting disaster preparedness and assisting communities during emergencies. OCD Officer-in-Charge Asst. Sec. Bernardo Rafaelito Alejandro IV signed a memorandum of understanding...
The country’s most influential business groups have joined forces to urge the Supreme Court (SC) to reconsider its decision voiding the impeachment case of Vice President Sara Duterte as unconstitutional, warning that it could erode trust in the government and impact investor confidence. In a...
Motorists may face a fuel price shake-up next week, with gasoline expected to rise amid strong demand, while diesel may see a rollback due to growing supply. Based on the four-day Mean of Platts Singapore (MOPS), gasoline per liter may increase somewhere between ₱0.40 and ₱0.60, while diesel...
Budget Secretary Amenah F. Pangandaman has assured that big-ticket foreign-assisted programs and projects will no longer suffer from delays, given the budget cover included in the proposed 2026 spending plan of the national government. For its part, aid agency Japan International Cooperation Agency...
The government has proposed a ₱31-billion National Disaster Risk Reduction and Management Fund (NDRRMF) or calamity fund for 2026, nearly 50-percent higher than this year’s allocation. According to the National Expenditure Program (NEP) for fiscal year (FY) 2026, the proposed calamity...
While the proposed 2026 national budget increased by more than seven percent, confidential and intelligence funds (CIF) were slashed by 11.2 percent, or ₱1.35 billion, from the existing national budget. Budget Secretary Amenah Pangandaman reported during the ceremonial turnover of the fiscal year...
