The Department of Budget and Management (DBM) has released nearly P4 billion to fund the government’s tuition-free college education program. Budget Secretary Amenah F. Pangandaman said she approved a Special Allotment Release Order (SARO) amounting to P3.84 billion for the Universal Access to...
The Department of Finance’s (DOF) threw its support behind the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to harness the Philippines’ potential as a global investment hub. In a statement on Wednesday, Oct. 25, Finance Secretary Benjamin E....
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. Last Sept. 27, 2023, we, in the administration of President Bongbong Marcos (PBBM), welcomed the news that the Senate ratified the Bicameral Conference Committee Report on the Disagreeing Provisions of Senate Bill No. 2233 and...
The Department of Finance (DOF) said the People's Survival Fund (PSF) has greenlit about P539 million worth of fresh climate adaptation projects. The DOF said the PSF Board’s newly-approved adaptation projects will be implemented in Mountain Province, the City of Borongan, and the Municipalities...
In an effort to mitigate the current oil prices, President Marcos wants to reduce the trigger period for fuel subsidy from three months to one month, the Department of Energy (DOE) said. In a statement, Energy Secretary Raphael P.M. Lotilla said that Malacañang wants to change the language of the...
The Department of Education (DepEd) and The World Bank Group discussed possible partnerships to help improve the quality of education in the country. (Photo from Official Facebook Page of Inday Sara Duterte) On her official Facebook page, Vice President and Education Secretary Sara Duterte...
Textile materials, weaves, traditional wear, and innovative textiles created by Filipino designers took center stage at the ASEAN Techno-Fashion Expo in Bohol as part of the 84th ASEAN Committee on Science, Technology, and Innovation (COSTI). (Photo from DOST) The event was led by the...
The Department of Finance (DOF) has urged Saudi business leaders to consider Islamic banking and finance initiatives in the Philippines, given its favorable regulatory environment. During a roundtable meeting with potential investors in Riyadh, Saudi Arabia, Finance Secretary Benjamin E....
President Marcos’ chief economic manager has assured Saudi business leaders that the Maharlika Investment Fund (MIF) is a safe investment, despite the controversies surrounding it. During a roundtable meeting with potential investors in Riyadh, Saudi Arabia, Finance Secretary Benjamin E....
Senator Christopher “Bong” Go has expressed his full support to Vice President and Education Secretary Sara Duterte, as he trumpeted her integrity as a public servant and her proper use of public funds for the people. Go made the remark just after Duterte, for the second time, addressed the...
Finance Secretary Benjamin E. Diokno said that despite the temporary suspension of its implementing rules, the Marcos administration will continue to seek investments from Saudi Arabia for the Maharlika Investment Fund (MIF). Diokno, who is part of President Marcos' official delegation to Riyadh,...
One of President's economic managers said the Marcos administration will carefully review every provision in the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act. Budget Secretary Amenah F. Pangandaman said on Thursday, Oct. 19, that the economic managers align...
