DBM says it disbursed P690 billion for pandemic response

philippine star/Michael Varcas THE Department of Budget and Management (DBM) said it has released P690.26 billion in funds supporting the government’s coronavirus response programs. As of Sept. 30, or the end of the third quarter, the government has disbursed P570…

Gov’t to release P1-billion cash aid for PUV drivers

Jeepney drivers are being affected by the continued surge in pump prices. — Philippine Star/Michael Varcas THE government plans to release P1 billion in cash grants for public utility vehicle (PUV) drivers this year in response to soaring pump prices.…

BSP eyes testing banknotes made of polymer in 2022

BW FILE PHOTO By Luz Wendy T. Noble, Reporter THE Bangko Sentral ng Pilipinas (BSP) is considering testing P1,000 banknotes made of a “more durable” polymer material next year. The central bank is also looking at how limited testing circulation…

Sept. budget gap widens to P181B

philippine star/Michael Varcas By Jenina P. Ibanez, Reporter THE National Government’s deficit widened in September as spending outpaced a smaller increase in revenue collection, the Bureau of the Treasury (BTr) reported. Preliminary data from the BTr showed the fiscal gap…

Hybrid work to continue even after pandemic ends — WeWork

WEWORK, a co-working space provider, is confident that the hybrid working model will continue even after the coronavirus pandemic. “Even post-pandemic, we see the hybrid workplace strategy remaining, and this flexibility that allows employees to work anywhere and allows companies…

Dune opens to $40 million at the US box office; strong enough for a sequel?

STILL from the film Dune LOS ANGELES — Dune, an adaptation of Frank Herbert’s sci-fi epic, opened to $40.1 million at the North American box office. It’s a respectable start given the ongoing pandemic and the film’s unconventional theatrical debut.…

National Competition Policy seen to improve market efficiency

THE implementation of the National Competition Policy (NCP) will help improve the country’s market efficiency and spur economic recovery, according to the Philippine Competition Commission (PCC). “By ensuring that government responses and interventions follow competition principles, we can prevent policies…

Gov’t urged to expedite delayed port projects to unlock private capital

Iloilo City THE TRANSPORTATION department has not done enough to mobilize private sector participation in its projects as mandated, a key Senator said, noting delays to the privatization of the Port of Iloilo. At a finance committee hearing on the…

SSI, VMC, Filinvest, RRHI included in CWDI’s list of top women-led firms

FOUR publicly listed companies in the Philippines have been included in a US-based nonprofit organization’s 2021 report of the top 10 women-led firms in a field of almost 3,000 companies across 55 countries. Corporate Women Directors International (CWDI) ranked firms…

Fertilizer SRP scheme under consideration amid rising prices

THE DEPARTMENT of Agriculture (DA) said it is studying a suggested retail price (SRP) scheme for fertilizer as prices rise in the wake of China’s export curbs and as food demand surges alongside a recovering global economy. Agriculture Undersecretary Leocadio…

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