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Gatchalian tells DepEd to speed up distribution of Bayanihan 2 subsidies

Jaehwa Bernardo, ABS-CBN News
Posted at Jan 20 01:19 PM

Sen. Sherwin Gatchalian urged the Department of Education to speed up its distribution of subsidies under the Bayanihan to Recover as One Act to students in basic education. Read more »

Travel restrictions to stay amid global inoculations against COVID-19: Duque

RG Cruz, ABS-CBN News
Posted at Jan 18 06:56 PM

The Health chief noted that vaccines may stop symptoms from manifesting, but evidence that they prevent transmission "is not sufficient." Read more »

Senators see 'no necessity' to discuss 3rd COVID-19 emergency law: Sotto

Katrina Domingo, ABS-CBN News
Updated as of Jan 13 02:17 PM

Senate President Vicente Sotto III on Wednesday said the Senate is not inclined to pass a third COVID-19 aid package since the validity of the Bayanihan to Recover as One Act (Bayanihan 2) has been extended until next year. Read more »

Over 54,000 students from private colleges, universities benefitted from Bayanihan 2: CHED

Jaehwa Bernardo, ABS-CBN News
Posted at Jan 13 12:22 PM

More than 54,000 students from private colleges and universities received subsidies under the Bayanihan to Recover as One Act, the Commission on Higher Education said Tuesday. Read more »

PH economic recovery to be slower than neighbors: HSBC economist

ABS-CBN News
Posted at Jan 12 02:28 PM

The Philippines is likely to experience slower economic recovery compared to its Asian peers, due to the slow recovery of services sector which is a major contributor to its growth, an economist said Tuesday. Read more »

2020 clear vision for 2021

Edmund Tayao
Posted at Jan 08 03:59 PM

We have to make sure that systemic reforms are pursued if charter change is pushed at this very late juncture of the Duterte administration. Read more »

Philippines trade deficit narrows to smallest in five months in Nov

Neil Jerome Morales and Enrico Dela Cruz, Reuters
Posted at Jan 08 11:13 AM

Philippine exports grew at the fastest pace in 10 months in November while imports contracted the most since August to yield the smallest trade deficit in five months, government data showed on Friday. Read more »

Pagpapalawig sa effectivity ng 2020 budget, Bayanihan 2, pirmado na ni Duterte

Joyce Balancio, ABS-CBN News
Posted at Jan 05 09:12 PM

Extended na hanggang ngayong taon ang effectivity ng 2020 national budget at ang Bayanihan to Recover as One Act o Bayanihan 2.  Read more »

SC halts increased taxes on POGOs under Bayanihan 2

Mike Navallo, ABS-CBN News
Updated as of Jan 05 07:32 PM

The Supreme Court on Tuesday has temporarily halted the collection of increased franchise taxes from Philippine Offshore Gaming Operators (POGOs) under the Bayanihan to Recover As One Act (Bayanihan 2), an SC source said, which would have raised billions in additional revenues for the government to address the coronavirus pandemic. Read more »

Philippines cuts export targets due to COVID-19 impact

ABS-CBN News
Posted at Jan 04 11:52 AM

The Philippines lowered its export target for 2022 to $103.9 billion from $130 billion, citing the impact of the COVID-19 pandemic. Read more »

Jan-Nov budget deficit exceeds P1T on weak revenue collection, spending uptick

ABS-CBN News
Posted at Dec 23 12:21 PM

MANILA - The Philippine budget gap from January to November breached the P1-trillion mark as tax and non-tax revenue collections remained weak amid slight improvement in government spending, the Bureau of the Treasury (BTr) said Wednesday.   Read more »

House approves bills extending validity of 2020 budget, Bayanihan 2

RG Cruz, ABS-CBN News
Updated as of Dec 16 06:32 PM

In successive motions during plenary session, House lawmakers concurred with the Senate’s amendments to House Bill 6656 extending the validity of this year's budget until December 31, 2021. They likewise approved the Senate’s amendments to House Bill 8063 that would allow the utilization of Bayanihan 2 funds until June 30, 2021.   Read more »

Recto files P485-B Bayanihan 3 bill to accelerate PH recovery from COVID-19, calamities

Katrina Domingo, ABS-CBN News
Updated as of Dec 16 12:14 PM

Senate President Pro Tempore Ralph Recto has filed a bill seeking to create the Philippines' third COVID-19 relief package, saying the measure would help the Philippines "accelerate" its recovery from the COVID-19 pandemic and recent calamities. Read more »

Senate extends validity of 2020 budget, Bayanihan 2

Katrina Domingo, ABS-CBN News
Updated as of Dec 15 09:54 PM

The Senate on Tuesday approved on final reading measures that would extend the validity of the 2020 national budget and the Bayanihan to Recover as One Act (Bayanihan 2) until next year.   Read more »

Lower House extends life of Bayanihan 2 funds

RG Cruz, ABS-CBN News
Posted at Dec 14 11:22 PM

MANILA - The House of Representatives gave the Duterte administration at least 6 more months to spend funds for pandemic response under Bayanihan to Recover as One Act or Bayanihan 2 Read more »

Duterte seeks speedy extension of validity of 2020 budget, Bayanihan 2

Jamaine Punzalan, ABS-CBN News
Updated as of Dec 15 06:00 PM

President Rodrigo Duterte is asking lawmakers to fast-track the extension of the validity of two spending laws to ensure that delayed COVID-19 response projects would still be rolled out.  Read more »

Panukalang extension ng 'Bayanihan 2' lusot sa House panel

ABS-CBN News
Posted at Dec 11 10:18 PM

Inaprubahan ng House panel ang panukalang palawigin ang buhay ng budget sa ilalim ng Bayanihan 2. Read more »

'Ayuda not sustainable': Quimbo seeks Bayanihan 3 to focus on aid for small businesses

ABS-CBN News
Updated as of Dec 11 04:09 PM

The Philippines needs a third stimulus package to help sustain micro and small businesses that generate jobs and income for millions of Filipinos, a lawmaker, who filed a third Bayanihan measure in the House of Representatives, said Friday. Read more »

Some senators back proposal to extend 2020 budget, Bayanihan 2 validity

Katrina Domingo, ABS-CBN News
Posted at Dec 10 12:31 AM

Under the law, unused funds under the Bayanihan 2 can no longer be released after December 19, while the the current spending bill will expire by December 31. Read more »

Congress to extend validity of 2020 budget, Bayanihan 2 to utilize COVID-19 funds

Katrina Domingo, ABS-CBN News
Posted at Dec 09 11:56 AM

The budget heads of the Senate and the House of Representatives on Wednesday confirmed that Congress is planning to extend the validity of 2 spending bills to ensure that delayed COVID-19 response projects would still be rolled out. Read more »