The national government’s budget deficit rose by more than half in October due to higher public spending that outpaced its strong revenue growth, the Bureau of the Treasury reported. The Treasury bureau said on Friday, Nov. 25, that the Marcos administration incurred a P99.1 billion fiscal...
SAN PEDRO, Laguna--Davao City Mayor Sara Duterte said she will leave it up to "Apo BBM" as to whether or not she would handle a Cabinet position during her potential tenure as vice president. Vice presidential candidate Davao City Mayor Sara Duterte addresses the crowd at JAM Compound in San Pedro,...
Team Sulong New Paranaque kicked off its campaign for the May elections with a Holy Mass at San Antonio De Padua Church before hitting the ground running. The team, headed by Mayor Edwin Olivarez who is on his last term as city mayor and now seeking a congressional post for the first district of...
President Duterte has named former Cabinet Secretary Karlo Nograles as the new chairman of the Civil Service Commission (CSC), leaving his three posts in Malacañang vacant, including the post of the presidential spokesperson. President Duterte swears in former Cabinet Secretary Karlo Nograles as...
If elected president, Ferdinand “Bongbong” Marcos Jr. said Wednesday, Jan. 19, he will not appoint anyone in a government position based on "utang na loob" or debt of gratitude), especially if he or she is not an expert in the field. Marcos Jr. said he might rather designate a political rival...
HOTSPOT Tonyo Cruz Leni Robredo is in a unique position among all presidential candidates. She is not just a candidate. She is the incumbent vice president. The Constitution provides that if the president dies, resigns or is removed from office, the vice president takes over the presidency and its...
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
Increases in public spending last month forced the national government to raise its budget deficit in the first eight-months of the year near the trillion peso mark. Bureau of the Treasury office The Bureau of the Treasury reported on Thursday, Sept. 23, that the Duterte administration’s fiscal...
The national government’s budget deficit narrowed in July this year due to slower public spending and higher revenue haul, the Bureau of the Treasury reported. The Duterte administration trimmed the government’s fiscal gap last month by 13.6 percent to P121.2 billion from P140.2 billion in July...
Women are slowly but surely "taking over" the top-level positions in the local mining sector, and it's probably for the better. (Photo by Brooke Lark/ Unsplash) No less than Department of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu acknowledged this development in a statement...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
