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Politics

GOV’T AGENCIES URGED TO SAVE TO EASE INFLATION

Requiring government agencies to set aside 5 percent in budgetary savings could free up to P250 billion out of the P5.04-trillion national budget for 2022 to ease the country’s record-high inflation, a lawmaker said. Taguig-Pateros Rep. Alan Peter Cayetano explained this is one step to addressing high inflation risks caused by Russia’s invasion of Ukraine, […]

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Politics

ILOILO CITY GAINS P400-M SAVINGS AMID PANDEMIC

Good financial management resulted in Iloilo City’s gaining over P400 million surplus amid the health pandemic. Iloilo’s Public Information Office (PIO) said the city has an excess collection of P149.31 million, P237.11 million savings from Personnel Services (PS) and Maintenance and Other Operating Expenses (MOOE), and P14.27 million adjustment as per the report of the […]

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Politics

SARA TO DABAWENYOS: SAVE MONEY DURING HOLIDAYS

Mayor Sara Duterte urged Dabawenyos to save money by spending only on important things for the holiday season. In her Christmas greetings posted on the city government’s official Facebook page, Duterte urged residents not to waste their money on unnecessary things like buying firecrackers. “Let’s avoid parties and gatherings and let us reject invitations.” “Our […]

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Politics

USE MALAMPAYA FUND TO GIVE CONSUMER SAVINGS ON MONTHLY ELECTRIC BILL – GATCHALIAN

Senator Win Gatchalian is pushing for the passage of legislation authorizing the use of the ₱207 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of the National Power Corporation (Napocor), which he said would provide consumer savings for Filipino households on their monthly electricity bill. Gatchalian, who chairs the Senate […]