SENATOR Miriam Defensor-Santiago on Monday urged her colleagues to reject the definition of “savings” found in the 2015 budget plan approved by the House of Representatives, as well as “lump-sum funds to be spent at the discretion of the legislators,” which she denounced as pork-barrel.
IT’S 30 DAYS before Christmas and, though Christmas comes every year, most of us still get excited — for the vacation days, the gifts, and, not least, the release of the 13th month pay.
GOVERNMENT subsidies to state-owned firms rose by 80% year-on-year in September, data from the Bureau of the Treasury showed.
THE PHILIPPINE construction sector could miss its 40% growth projection this year due to delays in key infrastructure public-private partnership (PPP) projects, the president of Philippine Constructors Association, Inc. (PCA) said on Friday.
MARKETERS like to coin terms for demographic groups as a means of qualitatively defining them. We’ve heard of “Baby boomers” and “Gen X” for people born in particular decades. One such group is the “Millennial,” also known as Generation Y — the cohort born between 1980 and 2000. Marketers have pegged group as being self-assured, optimistic, globally connected and curious. In the Philippines, this group makes up roughly 35 million people.
THE Department of Budget and Management (DBM) has released additional funds to the Department of Public Works and Highways (DPWH) to fund the construction of classrooms in public schools nationwide.
THE PHILIPPINES is being groomed as the hub in Asia for integrated circuit (IC) design, as local and foreign institutions team up to establish a competitive digital niche in the region.
URBAN transportation networks in the Philippines will benefit from millions of dollars in investment, following the announcement that Cebu City will be home to a new bus rapid transit (BRT) system. The network is expected to alleviate metro congestion and offer opportunities for private contractors and service providers. It is one of several urban mass transit projects under way, following President Benigno S. C. Aquino III’s earlier announcement of plans for new BRT and underground rail systems in Manila.
A SITE near the Veterans Memorial Medical Center in Quezon City is being evaluated by the Transportation department as a possible location for the northern integrated transport hub.
INCREASING integration among Asian economies has made the region “resilient” against external shocks, leading to robust growth prospects within the area, the Asian Development Bank (ADB) said in a new report.