The Department of Finance (DOF) has reported that the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law has spurred investment worth over P720 billion. Under the CREATE law, the government has provided tax incentives to major projects amounting to a total...
The Commission on Audit (COA) said the Department of Education (DepEd) has more than P362.7 million in "unauthorized, unnecessary, and dormant bank accounts" that violate the General Appropriations Act of 2022. In its audit report, COA said that DepEd has a total of P362,760,156.45 cash in banks...
(MANILA BULLETIN) Vice President and concurrent Department of Education (DepEd) Secretary Sara Duterte has insisted before congressmen that the agency has "a purpose and a need for confidential funds". Duterte made this remark Wednesday afternoon, Aug. 30...
Japan declared its commitment to support the Philippines in attaining an upper middle-income status in the next few years. A joint committee meeting was held in Tokyo on Tuesday, Aug. 29 between the Philippine delegation and the Japanese government to determine the necessary development assistance...
The Department of Budget and Management (DBM) said the Advisory Body of the Maharlika Investment Corp. (MIC) will submit the names of nominees responsible for overseeing the country's sovereign wealth fund to Malacañang by mid-October. Budget Secretary Amenah F. Pangandaman told Manila Bulletin on...
President Ferdinand "Bongbong" Marcos Jr. has approved the Department of Trade and Industry's (DTI) three-year Food Logistics Action Agenda aimed at revolutionizing the country's food distribution system, the Presidential Communications Office (PCO) said. President Ferdinand 'Bongbong' Marcos Jr....
The Department of Budget and Management (DBM) has approved a total of 5,000 non-teaching positions in public schools nationwide. These job posts were created to aid in lessening the administrative works of public school teachers, Budget Secretary Amenah F. Pangandaman said on Wednesday, Aug. 30....
Photo Courtesy of MACHRA/ MANILA BULLETIN The City of Manila received P23.138 million from the Philippine Charity Sweepstakes Office (PCSO) for the social amelioration programs in the city. PCSO General Manager Melquiades Robles turned over the cheque worth P23,138,364.04 to Manila Mayor Honey...
The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power...
The Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have sealed a loan agreement to assist the Philippines during disasters and health emergencies. In a statement, the DOF said Finance Secretary Benjamin E. Diokno and JICA Senior Vice President Nakazawa Keiichiro...
(Unsplash) Where will the Department of Agriculture (DA) spend its P50-million confidential fund under their 2024 budget? In the fight against agricultural smuggling. DA officials gave this answer during the agency's recent hearing on their proposed budget for next...
DOT Secretary Christina Frasco with Philtoa President Fe Abling-Yu The Philippine Tour Operators Association (Philtoa) recently hosted its 4th General Membership Meeting at the Crimson Hotel Filinvest City in Muntinlupa, with the Department of Tourism Secretary Christina Garcia Frasco as keynote...
