• 28 May 2015
MANILA, May 28 – Government spending has improved within the first quarter this year resulting in disbursements that totaled P504 billion which is P21.5 billion  higher than releases made from January to March last year, the Department of Budget and Management (DBM) announced Wednesday. DBM said disbursements in March—which struck a high of P188.5 billion—showed a year-on-year increase of 11.2 percent. This was a considerable improvement from the growth in February disbursements of 9.6 percent and January's 5.4-percent decrease. "Our spending levels from January to March show a very clear trend towards faster government spending. On first glance, spending in the first quarter may seem unremarkable, but the fact that it accelerated sharply by March gives us good reason to be optimistic. The second quarter of the year should continue this trend, especially since we’re still working with agencies on improving their spending,” Budget and Management Secretary Florencio “Butch” Abad said. According to the DBM, the upsurge in disbursements by the end of the first quarter was driven by quicker spending in Maintenance and Other Operating Expenditures (MOOE) and Capital ...Read more

APEC ministers agree to endorse action agenda for small businesses    

 CENTRAL  28 May 2015
MANILA, May 28 --Asia-Pacific Economic Cooperation (APEC) ministers who recently met in Boracay, Aklan, have agreed to endorse the Boracay Action Agenda to globalize micro, small and medium enterprises (MSMEs) to the APEC leaders during the 2016 APEC summit in Peru, Trade Secretary Gregory Domingo s ...Read more

DepEd planning to build temporary learning centers for students of schools along fault line

 CENTRAL  28 May 2015
MANILA, May 28 -- The Department of Education is planning to put up temporary learning centers for students of schools situated along the West Valley Fault, a Palace official said on Wednesday. “Education Secretary (Armin) Luistro was saying that they will not allow any student to use buildings t ...Read more