DBM sitting on ‘For Later Release’ funds, legislator says
A HOUSE legislator called for the immediate disbursement of billions worth of funds classified as “For Later Release” (FLR), claiming that the Department of Budget and Management (DBM) is improperly...
View ArticleNEDA sees electronics, manufacturing keeping economy afloat
The National Economic and Development Authority (NEDA) said the electronics and manufacturing sectors are proving to be the main drivers of the economy during the pandemic. In a televised briefing...
View ArticleMeralco raises September rates
Manila Electric Co. (Meralco) has raised power rates this month, citing higher generation charges. In a statement on Friday, the company said the overall rate for a typical household this month would...
View ArticleBSP raises P110B at auction
The Philippine central bank fully awarded the short-term debt it offered on Friday as rates dipped after last-minute changes to the country’s lockdown status. The Bangko Sentral ng Pilipinas (BSP)...
View ArticleJune FDI bounces back
By Beatrice M. Laforga, Reporter Foreign direct investments (FDI) rebounded in June on base effects and an improving economic landscape, according to the latest central bank data. FDI net inflows...
View ArticleLawmakers nix Comelec budget cut
A congressman wants to restore the P15-billion cut in the 2022 budget of the Commission on Elections (Comelec) to ensure the efficiency of the May 2022 elections. “The Comelec budget really needs to...
View ArticleLabor Party drops Pacquiao
Labor Party Philippines on Friday said it would no longer endorse Senator Emmanuel “Manny” D. Pacquiao, Sr.’s presidential bid after he expressed intention to remain with the ruling PDP-Laban. “The...
View ArticleHouse approves VP budget
The House committee on appropriations has approved the Office of the Vice-President’s P713.41-million budget for next year. The panel approved the budget, which is 21% lower, without a hearing —...
View ArticleUS underlines navigation freedom at sea
The United States has vowed to uphold freedom of navigation in the South China Sea, reiterating calls for China to abide by a 2016 arbitration ruling that voided its claim to more than 80% of the...
View ArticleCOVID-19 alert system for metro OK’d
The Philippine capital and nearby cities will only have two lockdown levels with several alert levels in a policy shift that seeks to shield the economy from a coronavirus pandemic, according to the...
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