In light of the ongoing El Niño phenomenon, the Department of Budget and Management (DBM) has provided P900 million to cover crop insurance premiums for farmers and fisherfolk in the country. Budget Secretary Mina F. Pangandaman announced on Sunday, April 7, that the funding has been released to...
Sen. Raffy Tulfo has filed a resolution raising the issue of conflict of interest in the duties of Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga regarding her family's alleged ownership of about 40,000 hectares of land in the towns of Coron and Busuanga...
While amending the economic provisions in the 1987 Constitution will attract more foreign investments, its impact on the country’s economy won’t be felt immediately, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday, April 4. NEDA Secretary Arsenio...
Removing the restrictive economic provisions in the Constitution would help alleviate inflation and enhance real wages for Filipino workers, according to a former finance chief. As concerns about workers' compensation and job availability top the list of priorities for Filipinos, former Finance...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. The month of March, which pays tribute to us, women, has ended. However, our battle for women's empowerment and inclusion remains. When I delivered the Philippine statement for the first Ministerial Round Table of the...
Department of Social and Development (DSWD) Secretary Rex Gatchalian ordered its personnel to expedite the full operation of the new “Oplan Pag-Abot” program processing center in Pasay City following its ceremonial blessing on Monday, April 1. The Pag-Abot Program, which was introduced in July...
Presidential Peace Adviser Carlito Galvez Jr. (File photo) Presidential Peace Adviser Carlito Galvez Jr. said Wednesday, March 27, that the signing of the Comprehensive Agreement on the Bangsamoro (CAB), the final peace agreement between the Philippine government (GPH) and Moro Islamic Liberation...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. On March 21, 2024, we celebrated the Third World Sustainable Procurement Day. Organized annually since 2022, it promotes sustainable procurement that considers environmental, social, and governance issues in decision-making to...
The Department of Finance (DOF) announced that the Clark Development Corp. (CDC) significantly increased its cash dividends to the government coffers for last year. On Monday, March 25, Finance Secretary Ralph G. Recto received a P1.8 billion check from CDC, reflecting the firm's dividend...
In one classic finance case I took up in graduate school, an owner-manager of a small business was very pleased reviewing the positive results in the firm’s profitability metrics – net profit margin, gross profit margin, return on assets and return on equity. Noting the favorable results,...
The Department of Finance (DOF) said the Public-Private Partnership (PPP) Code is poised to usher in a steady stream of strategic and high-quality investments that will bring benefits to all Filipinos. Finance Secretary Ralph G. Recto said the timely release of the PPP Code's implementing...
Politician-turned-finance chief, Ralph G. Recto, has expressed his readiness to make tough decisions, even if they may not be popular with many. Speaking before members of the Economic Journalists Association of the Philippines (EJAP) on Thursday night, March 21, Recto asserted that he has set his...
