Senator Alan Peter Cayetano on Friday, May 23 lauded the signing into law of the PHIVOLCS Modernization Act of 2025 or Republic Act No. 12180 saying the newly-enacted law will help the Philippines strengthen its disaster risk management programs. “By modernizing PHIVOLCS, we are making a bold...
Motorists may feel some ease in their pockets next week, as oil prices are likely to get rollbacks Based on the four-day Mean of Platts Singapore (MOPS) trading, diesel prices may either retain their current price or decline by ₱0.30 per liter. Gasoline, on the other hand, has uncertain price...
Senator Loren Legarda has called on Filipinos to challenge the status quo in disaster risk reduction as the negative effects of climate change and disasters continue to threaten human existence. Legarda, pointed this out during her keynote address at the Asian Institute of Management (AIM) on...
Budget Secretary Amenah F. Pangandaman has approved the creation of 10,000 non-teaching positions to strengthen the education workforce and support the growing operational needs of public schools across the country. Pangandaman confirmed in a statement released Thursday, May 22, that the agency...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
As government agencies aggressively push for numerous projects and programs, the Department of Budget and Management (DBM) reported on Monday, May 19, that budget proposals for next year have ballooned to ₱11 trillion, surpassing this year’s ₱9.2 trillion worth of funding requests. Many...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the creation of 16,000 new teaching positions in public schools for 2025 to 2026, with a total budget of ₱4.2 billion, to strengthen the education sector and ensure sufficient manpower. The 16,000 new teaching...
Union Bank of the Philippines (UnionBank) and ATRAM Group (ATRAM) have appointed Deanno J. Basas as President of UnionBank Investment Management and Trust Corporation (UBIMTC) prior to its merger into ATR Asset Management, Inc. (AAMI). The bank said in a disclosure to the Philippine Stock Exchange...
Motorists will need to tighten their belts after a two-week rollback in May, as oil prices are expected to increase next week. Based on the four-day trading at Mean of Platts Singapore (MOPS), gasoline may go up by somewhere between ₱0.95 and ₱1.40 per liter, while diesel could climb by ₱1.50...
President Marcos has ordered the release of P2,000 across the board increase on the compensation of teachers and other poll workers serving in the May 12 national elections. Employees of the Quezon City Treasurer’s Office unload dozens of boxes of Official Ballots for the 2025 National and Local...
While the Philippine economy’s growth missed the lower end of the government’s six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency’s confidence in achieving the full-year growth goal. “The fact that all...
Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
