Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
Project sponsor-firm MGen Renewable Energy Inc. (MGreen), which is a subsidiary of Meralco PowerGen, has cemented a deal with affiliate Meralco Industrial Engineering Services Corporation (MIESCOR) for some construction components in the conglomerate’s $4.0 billion Terra Solar project. In a...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the issuance of a Special Allotment Release Order (SARO) amounting to P1 billion for this year’s compensation to Marawi siege victims. “This allocation provides monetary compensation for 574...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the creation of a total of 175 faculty plantilla positions for the Mindanao State University (MSU) System. “Of the 175 new faculty positions, 75 are for Instructor I positions which will augment the need...
President Ferdinand R. Marcos Jr. has allocated a total of P8.8 billion for the Grants-In-Aid (GIA) Program, according to the Department of Budget and Management (DBM). Implemented by the Department of Science and Technology (DOST), the GIA Program supports the continuation of various science,...
Reforms in the government’s budget process could significantly improve the country’s chances of achieving the coveted “A” rating status, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman explained that the Public Financial Management (PFM) Reforms...
The Sandiganbayan has affirmed the conviction of four former Department of Transportation and Communications (DOTC) officials and a private individual over the irregular purchase of P6 million worth of cellular telephones in 2005. Denied were the motions for partial reconsidetration filed by former...
The Department of Budget and Management (DBM) has released P31.93 billion for salary increase for government employees as of Tuesday, Sept. 10. The DBM said it has begun distributing funds for salary adjustments, and the implementation is now underway across government agencies. This came after...
The Department of Budget and Management (DBM) condemned the Medical Action Group for spreading false and misleading information regarding the coverage of the Philippine Health Insurance Corp. (PhilHealth). In a statement, the budget department said the group is sowing fear and panic among Filipinos...
The Sandiganbayan has started its proceedings on the graft charge involving the alleged irregular transfer of P41.4 billion Covid-19 funds filed against former Department of Health (DOH) secretary Francisco T. Duque III and Procurement Service - Department of Budget and Management (PS-DBM)...
The Department of Budget and Management (DBM) has revealed plans to broaden the scope of the national indemnity insurance program (NIIP) to cover more than just school buildings. Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 28, that the DBM wants to add other important...
The price offers from the coal plants of San Miguel Corporation and Aboitiz Power Corporation have been declared as best ‘lowest bids’ and prospective winners in the 600-megawatt supply procurement of power utility giant Manila Electric Company. The lowest acceptable price tenders in the...
