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High inflation traps over 7 M Filipinos in poverty

At a Glance The National Economic and Development Authority (NEDA) estimated that over seven million Filipinos could have been lifted out of poverty if inflation had remained within the government’s target over the past two years. NEDA Secretary Arsenio M. Balisacan said that high inflation rate weakened the purchasing power …

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DBM to ensure transparent use of 2024 budget

Budget Secretary Amenah Pangandaman (File photo) MANILA – The Department of Budget and Management on Saturday assured the public of the national government’s transparent utilization of the PHP5.768 trillion budget for 2024. The DBM shall continue to ensure “sound, efficient, and effective management and utilization of government resources to achieve our country’s …

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900k Pinoys beat poverty in first half of 2023—PSA

MAKING ENDS MEET. Two elderly women tend to their merchandise at Blumentritt Market on Friday. The country’s poverty rate dropped to 22.4 percent in the first half of 2023, bringing nearly 900,000 Filipinos out of poverty, the Philippine Statistics Authority reported. Danny Pata Fewer poor seen as economy opens up …

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Marcos vetoes DOJ, career program bits in budget

Photo from The President’s Official FB page.  President Ferdinand Marcos Jr. on Friday vetoed two provisions in the P5.768-trillion 2024 budget—the creation of a Department of Justice revolving fund and the implementation of the National Government’s Career Executive Service Development Program. Mr. Marcos said he exercised his veto power “in …

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Rainy Christmas poised for Luzon, fair elsewhere

It’s going to be a rainy Christmas weekend in most parts of Luzon, the state weather bureau said, as the strong amihan or northeast monsoon as well as the shear line continue to prevail.  Most of southern Luzon, Visayas, and Mindanao, however, will experience generally fair weather with possible isolated …

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Roxas Blvd-EDSA flyover northbound closed Dec. 26-30

(Image courtesy of DPWH Facebook page) MANILA – The Department of Public Works and Highways (DPWH) on Saturday said installation works will be conducted on the Roxas Boulevard-EDSA flyover (northbound) in Pasay City next week. In an advisory posted on social media, the DPWH-South Manila District Engineering Office (SMDEO) said the …

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