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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...

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NEDA 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...

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Meralco 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...

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BSP 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)...

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June 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...

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Lawmakers 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...

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Labor 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...

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House 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 —...

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US 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...

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COVID-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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