• 07 July 2015
MANILA, July 7 --  President Aquino has approved the proposed P3.002 trillion 2016 national budget after presiding over a Cabinet meeting Monday. This represents a 15.2 percent increase from the 2015 national budget and comprises 19.5 percent of the country’s Gross Domestic Product, Communications Operations Office Secretary Sonny Coloma said in a statement. “The proposed budget with the theme, “Paggugol na Matuwid: Saligan sa Tuloy-Tuloy na Pag-Unlad,” is anchored on the following principles: (1) Spending within our means; (2) Investing in the right priorities; (3) Delivering measurable results; and (4) Empowering citizens through fiscal transparency, accountability and participation.  According to DBM Secretary Florencio Abad, the spending priorities are in the following areas of the administration’s 2011-2016 development program, namely: (1) Good Governance and Anti-Corruption; (2) Ensuring Inclusive Growth; (3) Sustaining the Growth Momentum;(4) Managing Disaster Risks; and (5) Forging Just and Lasting Peace,” Coloma said. The  Department of Education (DepEd) gets the biggest chunk of the budget with P436.5 billion, followed by the Department of Public Works a ...Read more

June 2015 inflation plunges to lowest level in two decades

 CENTRAL  07 July 2015
MANILA, July 7—The National Economic and Development Authority (NEDA) said today that sufficient supply of food and moderate price pressures in energy and oil rates tamed inflation to its new lowest level in two decades. According to the Philippine Statistics Authority, headline inflation rate pl ...Read more

DOH ready to handle new MERS-CoV case, says Palace official

 CENTRAL  07 July 2015
MANILA, July 7 -- Malacañang on Monday assured the public that the Department of Health (DOH) is prepared to handle the newest case of the Middle East Respiratory Sydrome coronavirus (MERS-CoV) in the country. “The Philippines, through the Department of Health, is fully ready and capable of dete ...Read more