News

2018 budget deficit reaches P558.3 billion

ABS-CBN News
Posted at Feb 22 04:42 PM

The full year budget deficit for 2018 reached P558.3 billion or 3.2 percent of the country's gross domestic product (GDP), slightly exceeding the government's 3 percent target, a cabinet official said Friday. Read more »

Cebu Pacific teases '1 million seats and deals' in March as it marks anniversary

ABS-CBN News
Updated as of Feb 21 09:55 PM

MANILA - Cebu Pacific (CEB), the Philippines’ largest carrier, is offering "one million seats and deals" for the whole month of March as it marks its 23rd anniversary, the airline said Thursday.    Read more »

US economy to see another strong year, recession unlikely: White House

Agence France-Presse
Posted at Feb 20 06:44 AM

The US economy should continue growing this year at the same pace seen in 2018, and there is only a very slim chance of recession, the chief White House economist said Tuesday.   Read more »

'World-class' na SEA Games, target ng 'Pinas ngayong 2019

ABS-CBN News
Posted at Feb 19 08:05 PM

Ito ay sa kabila ng pag-tapyas ng hosting budget ng palaro sa P5 billion mula P7.5 billion.    Read more »

No decision made on spending for Trump's wall: Pentagon chief

Agence France-Presse
Posted at Feb 17 09:35 AM

Acting Defense Secretary Patrick Shanahan said Saturday that no decision has been taken on funding President Donald Trump's border wall with Mexico, a project that may come partly from redirected military funds. Read more »

Gov't can seek exemptions from election ban on spending for projects - lawmaker

RG Cruz, ABS-CBN News
Posted at Feb 14 10:26 PM

Government may apply for exemptions from the election ban on spending for government projects covered by the 2019 Budget which has been delayed in Congress, a House lawmaker said Thursday. Read more »

P98 bilyon 'ginalaw' ng mga mambabatas sa 2019 budget

ABS-CBN News
Posted at Feb 13 08:05 PM

Tinatayang P98 bilyon ang ginalaw at nilipat-lipat ng mga mambabatas bago nila maisapinal at ratipikahan ang P3.7 trilyon proposed national budget para sa 2019. Read more »

Congress realigns over P98 billion in 2019 budget

RG Cruz, ABS-CBN News
Updated as of Feb 13 04:41 PM

Some P98 billion were realigned by Congress when it approved the P3.75-trillion national budget for 2019 last week. Read more »

2019 budget to get final approval before end of Q1, budget chief says

Bruce Rodriguez, ABS-CBN News
Posted at Feb 13 01:14 PM

President Duterte has 30 days to sign the measure in its entirety or veto some provisions of the bill, the budget chief said.    Read more »

Trump says not 'happy' with budget deal but shutdown unlikely

Agence France-Presse
Posted at Feb 13 07:32 AM

US President Donald Trump said Tuesday he wasn't "happy" with a preliminary deal by US lawmakers to provide funding for a border wall with Mexico but added another government shutdown was not likely.  Read more »

AirAsia debuts Cebu-Macau flights

ABS-CBN News
Posted at Feb 11 04:53 PM

Flights from Cebu-Macau and vice versa will operate daily, AirAsia said in a statement.    Read more »

With 2019 budget ratified, House to pursue probe vs Diokno: Andaya

Katrina Domingo, ABS-CBN News
Updated as of Feb 09 02:42 PM

MANILA - The House of Representatives will continue its investigation into alleged insertions in the 2019 budget even after its passage, a House leader said Saturday, a day after Congress ratified the national funding law that allegedly contains billions of discretionary funds for lawmakers.   Read more »

House, Senate ratify 2019 budget amid alleged insertions

ABS-CBN News
Posted at Feb 09 12:35 AM

The proposed 2019 budget now awaits President Rodrigo Duterte's signature. Read more »

2019 budget has ‘pork barrel’ insertions: Andaya

ABS-CBN News
Posted at Feb 09 12:32 AM

A ranking House leader admits the 2019 budget has pork barrel insertions. Read more »

2019 budget na may P125 bilyong 'pork barrel,' ipinasa ng Kongreso

ABS-CBN News
Posted at Feb 08 10:25 PM

Pirma na lang ni Pangulong Rodrigo Duterte ang kailangan para maisabatas ang 2019 national budget na nagkakahalagang P3.757 trilyon. Read more »

Lacson: 'Cholesterol-rich' 2019 budget has P160-million pork per House member

Gillan Ropero, ABS-CBN News
Posted at Feb 08 08:51 PM

MANILA - Calling the new spending law "cholesterol-rich," Sen. Panfilo Lacson on Friday asserted that members of the House of Representatives had allocated for themselves P160 million in discretionary or "pork barrel" funds under the just ratified 2019 national budget.    Read more »

P3.75-trillion 2019 national budget up for Duterte signature

Arianne Merez, ABS-CBN News
Updated as of Feb 08 09:41 PM

MANILA (2nd UPDATE) - After more than a month of delay, the proposed 2019 national budget is up for President Rodrigo Duterte's signature as Congress ratified it Friday evening. Read more »

House ratifies P3.75-trillion 2019 national budget

Arianne Merez, ABS-CBN News
Updated as of Feb 08 08:19 PM

The House of Representatives ratified on Friday the bicameral conference committee report on the proposed P3.76-trillion national budget for 2019. Read more »

2019 budget hurdles bicam, up for Senate, House OK

ABS-CBN News
Updated as of Feb 08 07:55 PM

The Senate and the House need to approve the bicameral conference committee's version of the budget before it can be submitted to Malacanang for President Rodrigo Duterte's signature. Read more »

Drilon urges public to be vigilant on 2019 national budget

Gillan Ropero, ABS-CBN News
Updated as of Feb 08 03:41 AM

MANILA - Senate Minority Leader Franklin Drilon on Thursday said the public should be vigilant in the execution of the 2019 budget as it contains pork barrel. Read more »