• 08 July 2015
MANILA, July 8—The Department of Budget and Management (DBM) on Tuesday said  they are gearing up for the government’s 2016 spending plan, which is double the Aquino administration’s P1.541-trillion budget in 2010, following the approval of the P3.002-trillion proposed national budget by President Benigno S. Aquino III and the members of the Cabinet, Monday. The proposed budget for 2016 which is 15.2 percent higher than the P2.606-trillion 2015 national budget is the Aquino administration’s blueprint for greater inclusive growth and reform expansion in the country. “With this proposed budget, we can build on our reform successes over the last five years, as well as take on the challenges in our bid for inclusive development. This is a sizeable budget proposal however, so our focus now is to help our agencies make optimal use of their allocations. This includes enhancing their capacities for budget planning, procurement, and project implementation, all of which are key to the prompt delivery of public services and the continuing growth of our economy,” Budget Secretary Florencio ‘Butch’ Abad said. “Overall, the proposed 2016 Budget will play an instrumental ro ...Read more

PH starts arguments for its arbitration case vs China in the Hague

 CENTRAL  08 July 2015
MANILA, July 8 --  The high-powered Philippine team for the UNCLOS arbitration case currently being heard by an arbitral tribunal in The Hague has begun presenting the arguments for the Philippine position, with emphasis on the tribunal’s proper jurisdiction to hear and decide the case. The Depa ...Read more

DOF, DTI, DBM, NEDA register concerns pver TIMTA Amendments

 CENTRAL  08 July 2015
MANILA, July 8 -- Four Cabinet Secretaries, the heads of the Department of Finance (DOF), Department of Trade and Industry (DTI), Department of Budget and Management (DBM), and the National Economic and Development Authority (NEDA), sent a joint position to the House of Representatives and the Senat ...Read more