News

DBCC creates task force to review potential expenditure cuts

ABS-CBN News
Posted at Oct 16 03:40 PM

The task force will review possible expenditures that could be “calibrated” such as the purchase of cars and the budget for creating new positions   Read more »

Annual US budget deficit hits $779 billion, highest since 2012

ABS-CBN News
Posted at Oct 16 03:09 AM

The US budget deficit hit $779 billion in the fiscal year ending September 30, the highest since 2012 and $113 billion more than in the prior year, the Treasury announced Monday. Read more »

House to approve 2019 budget on final reading next month

RG Cruz, ABS-CBN News
Posted at Oct 10 11:01 PM

MANILA - The House of Representatives will approve the 2019 Budget bill on the third and final reading next month.   Read more »

Bahrain to get $10B support from Gulf neighbors

Davide Barbuscia, Reuters
Posted at Oct 05 03:48 AM

DUBAI - Saudi Arabia, Kuwait, and the United Arab Emirates have agreed to give Bahrain $10 billion to support the country's funding requirements as it embarks on a fiscal program aimed at eliminating its budget deficit by 2022. Read more »

Filipinos interested in books but have little budget: survey

Kristine Sabillo, ABS-CBN News
Posted at Oct 05 01:45 AM

College student Jash Cruz is among the many millennials still smitten with young adult books. Read more »

Senate committee OKs proposed 2019 MMDA budget, seeks better metro projects

Mike Navallo, ABS-CBN News
Posted at Oct 04 07:53 PM

MANILA - The Senate finance committee on Thursday approved the Metropolitan Manila Development Authority’s (MMDA) proposed P3.17-billion budget for 2019 but sought innovative ideas to improve what its chair Senator Loren Legarda called the “ugly” National Capital Region.   Read more »

ALAMIN: Tamang paraan ng pagtitipid

ABS-CBN News
Posted at Oct 04 04:47 PM

Nagiging mali ang paraan ng pagtitipid kung mas pinaglalaanan ng pera ang mga luho sa halip na mga pangunahing pangangailangan, ayon sa isang eksperto. Read more »

House approves 2019 budget on 2nd reading

RG Cruz, ABS-CBN News
Updated as of Oct 03 10:44 PM

The House of Representatives has approved on 2nd reading the P3.757 trillion national budget proposed by the Duterte administration for 2019. Read more »

Trillanes to Guevarra: Let me be the last casualty of injustice

Mike Navallo, ABS-CBN News
Posted at Oct 03 05:37 PM

Senator Antonio Trillanes IV made the appeal during the Senate’s finance committee hearing on the proposed budget of the Department of Justice (DOJ) for 2019.   Read more »

Mocha Uson resigns, says fight has just begun

ABS-CBN News
Updated as of Oct 03 11:47 AM

Uson, who has 5 million followers on Facebook, recently drew flak over a video about federalism that featured dancing and another clip that courted protests from the deaf community. Read more »

Lawmaker slams Mocha for supposedly delaying passage of PCOO budget

ABS-CBN News
Updated as of Oct 02 10:42 PM

A lawmaker on Tuesday blamed Communication Asst. Sec. Margaux "Mocha" Uson for the delay in the approval of the budget of the Presidential Communications Operations Office (PCOO). Read more »

No fuel surcharge for AirAsia's domestic, international flights

ABS-CBN News
Posted at Oct 02 02:55 PM

MANILA - Budget airline AirAsia Philippines on Tuesday said it would not impose an additional fuel surcharge on all its domestic and international flights to reduce travel costs and to further drive the demand for travel. Read more »

Work permit ng mga dayuhang nagtatrabaho sa PH, pinasisilip

ABS-CBN News
Posted at Sep 30 07:41 PM

Iniimbestigahan ng DOLE ang mga permit na naibigay sa mga banyagang nagtatrabaho ngayon sa Pilipinas, sabi ng kalihim ng kagawaran. Read more »

Mocha must appear at House budget hearing, says Andanar

ABS-CBN News
Updated as of Sep 30 03:36 PM

Communications Assistant Secretary Margaux "Mocha" Uson must appear in the next hearing for the Presidential Communications Operations Office's proposed 2019 budget, her superior said Sunday.  Read more »

Right-of-way fund 'significantly' larger in 2019 budget

ABS-CBN News
Posted at Sep 27 07:36 PM

A total of P56.3 billion ROW budget has been allocated for the Department of Public Works and Highways (DPWH) and the Department of Transportation (DOTr) in the 2019 budget. Read more »

House to work 'overtime' on passing budget: Arroyo

RG Cruz, ABS-CBN News
Posted at Sep 25 02:46 PM

Arroyo explained her fellow legislators would rather work late than work on Thursdays and Fridays especially during the filing of candidacy for the May 2019 elections.  Read more »

PCOO budget hearing deferred because of Mocha Uson's absence

ABS-CBN News
Posted at Sep 25 07:51 AM

MANILA - The House of Representatives deferred the plenary deliberation on the Presidential Communications Operations Office (PCOO) proposed 2019 budget because of the absence of Communications Assistant Secretary Mocha Uson.   Read more »

Villar chides SRA for 'disastrous performance'

Mike Navallo, ABS-CBN News
Posted at Sep 25 05:58 AM

MANILA - Senator Cynthia Villar on Monday chided the Sugar Regulation Authority (SRA) for low spending and failing to implement some projects, as the agency faced a steep cut in its proposed budget.   Read more »

Comelec, humihingi ng dagdag-pondo para sa 2019

ABS-CBN News
Posted at Sep 25 01:45 AM

Humihingi ng dagdag-pondo ang Commission on Elections.  Read more »

Comelec chair says not enough funds for Bangsamoro plebiscite, teachers' honoraria

Mike Navallo, ABS-CBN News
Updated as of Sep 25 10:56 AM

The Commission on Elections on Monday raised three concerns with the Senate finance committee, as the panel approved the its budget for 2019, which has been cut by more than half. Read more »