DBCC revises 2024 forecast, proposes P6.12-T budget in 2025
MANILA: The Development Budget Coordination Committee (DBCC) has kept the gross domestic product (GDP) growth outlook for this year and revised downward its growth forecast.
In a statement Friday, the DBCC said it maintained the growth projection of …
SC affirms dismissal of accountant who used payroll for ‘paluwagan’
MANILA: The Supreme Court (SC) has upheld the dismissal of an accountant who used the company payroll for the informal savings system called ‘paluwagan.’
In a statement released Friday on a recent decision, the SC said ‘using the company payroll for …
Caraga wage board OKs P35 hike for minimum earners
MANILA: The Regional Tripartite Wages and Productivity Board (RTWPB) in Caraga (Region 13) has approved a PHP35 increase in salaries of minimum wage workers.
In Wage Order No. RXIII-18 which was motu proprio issued on Dec. 5, 2023, increased the dail…
PBBM arrives in Tokyo for ASEAN-Japan ties anniversary
MANILA: President Ferdinand R. Marcos Jr. arrived in Tokyo on Friday for the 50th Commemorative ASEAN-Japan Friendship and Cooperation Summit.
Marcos was welcomed by Japanese officials when he landed at the Haneda International Airport at 6:13 p.m. (…
Solon: Properly implemented RTL can bring down price of rice to P20
MANILA: A senator on Friday said the Rice Tarrification Law (RTL), if properly implemented, will bring the price of rice to PHP20 a kilo, which is a campaign promise of President Ferdinand R. Marcos Jr.
Senator Cynthia Villar, chairperson of the Comm…
BSP sees easing of surplus in 2024
MANILA: The Bangko Sentral ng Pilipinas (BSP) projected that the country’s balance of payments (BOP) for 2023 and 2024 will post surpluses but will be narrower next year.
In a statement Friday, the central bank forecast that the country’s surplus as …
ADB, PH sign 2 loan deals
MANILA: The Philippine government, through the Department of Finance (DOF), and the Asian Development Bank (ADB) signed on Friday the first tranche of the financing for the Bataan-Cavite Interlink Bridge (BCIB) and the Infrastructure Preparation and I…