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Subsidies hit P56.17B in first seven months

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National government subsidies shrank in July to about a third of last year’s level, documents from the Bureau of the Treasury released this week showed.

Posted: September 8th, 2014 in Headlines,Latest Business Stories | Read More »

NEA: Power cooperatives curbed losses in ’13

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The National Electrification Administration (NEA) on Tuesday reported that electricity cooperatives (ECs) under its supervision managed to reduce system losses in 2013, resulting in better service to customers.

Posted: June 25th, 2014 in Headlines | Read More »

Subsidies to state firms jumped 56% in 2013

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Government subsidies to state-run companies surged in 2013, driven by the funding support for the universal healthcare, electrification and housing programs of the Aquino administration.

Posted: March 10th, 2014 in Headlines | Read More »

Subsidies to gov’t firms jump 92%

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Subsidies granted by the national government to state-owned firms swelled in the first three quarters of the year, driven by the additional funding support sought for programs on universal healthcare, housing and electrification.

Posted: November 1st, 2013 in Editor's Pick,Headlines | Read More »

Gov’t subsidies jumped 120% to P33.76B

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State subsidies to government-owned firms more than doubled in the first eight months of the year, supporting mainly the administration’s health, housing and electrification programs.

Posted: October 13th, 2013 in Headlines | Read More »

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