Senate Minority Leader Franklin Drilon on Tuesday, May 4 questioned the “speedy” release of P10.6-billion out of the P19-billion controversial budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC). The move comes after majority of the lawmakers called for the...
Senator Sherwin Gatchalian on Tuesday urged state economic managers to allocate more funds for the education sector in next year’s proposed national budget to help the sector’s recovery from the negative impact of the coronavirus disease (COVID-19) pandemic. Gatchalian said the government...
Senators on Sunday threw their support to the proposed P24-billion wage subsidy program for private sector workers targeted to help small and medium business struggling with the effects of the coronavirus (COVID-19) pandemic. “I support the proposed wage subsidy for private sector workers. The...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will need to borrow P38.4 billion this year to augment the funds needed for the power rate reduction subsidy mandated under Republic Act 11371 or the Murang Kuryente Act (MKA) that was signed by President Rodrigo Duterte...