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DBM: We didn’t have P352.7-B ‘extra cash’

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AFP FILE PHOTO

The Department of Budget and Management (DBM) has denied it had at its disposal P352.7 billion in the form of savings and unprogrammmed funds that were diverted to other projects at President Benigno Aquino III’s discretion.

Posted: July 5th, 2014 in Latest Business Stories | Read More »

Gov’t posts rare budget surplus in May

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AFP FILE PHOTO

The government posted a rare budget surplus in May, raising fears that the expected boost in economic growth from higher public spending could come too late in the year.

Posted: June 27th, 2014 in Headlines,Latest Business Stories | Read More »

Disaster mitigation to get 2015 budget boost

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Natural disaster mitigation will get special attention next year via an “unprecedented” increase in funding in next year’s budget for measures to help the country cope with the effects of a warming earth.

Posted: June 24th, 2014 in Headlines | Read More »

Abad: Alleged pork deals only exist in Napoles’ ‘warped imagination’

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Budget Secretary Florencio Abad   INQUIRER FILE PHOTO

Budget and Management Secretary Florencio “Butch” Abad denied anew having ever done business with alleged pork barrel scam operator Janet Lim Napoles or any middlemen acting on her behalf.

Posted: May 27th, 2014 in Latest Business Stories | Read More »

DBM sets up P2B micro-finance program for Yolanda survivors

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A typhoon survivor takes a bath beside donated tents at typhoon-ravaged Tolosa town, Leyte province, on Dec. 9, 2013. The International Federation of the Red Cross and Red Crescent Societies, assisted by the Philippine Red Cross, handed over an initial donation of 500 shelter kits to Supertyphoon “Yolanda” survivors of Barangay Maya, DaanBantayan, Northern Cebu, to help families rebuild their homes. AP FILE PHOTO

The government has set up a P2-billon fund that aims to help small businesses get cheap financing to bring their lives back in order, create new jobs and revive the economies of areas still recovering from typhoon “Yolanda” (Haiyan).

Posted: May 7th, 2014 in Latest Business Stories | Read More »

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