MANILA: Speaker Martin G. Romualdez said the PHP5.268-trillion 2023 national budget, which was signed Friday afternoon by President Ferdinand R. Marcos Jr., will help achieve the administration’s commitments, particularly in the implementation of its Agenda for Prosperity to sustain growth, generate economic activities and jobs and increase the income for Filipinos. “It is the most important and potent tool the President, his economic team and the entire government can use to accomplish the goals of the prosperity roadmap,” Romualdez said. He pointed out that the House of Representatives and the Senate deliberated on and approved the President’s first
ZAMBOANGA CITY: Basilan’s Lamitan City and Sumisip town were accorded the Seal of Good Local Government (SGLG) Award, making them the only local government units (LGUs) in the province to receive the prestigious recognition this year. The awarding ceremony, led by Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos Jr., was held Thursday afternoon at the Manila Hotel. It was the 5th SGLG Award for Lamitan City since the past administration of the late mayor Rose Furigay, and the first for Sumisip town under the leadership of Mayor Julz Hataman. In a statement Friday,
MANILA: The Batang Pinoy (National Youth Games) grassroots development program, organized by the Philippine Sports Commission, is the stepping stone of world-caliber athletes. One of them is Sandrex Gainsan, gold medalist at the 8th World Junior Wushu Championships held at Indonesia Convention Exhibition in Tangerang from Dec. 2 to 11. He topped the Qiangshu (spear play), beating Singaporean Shaoyang Ian Sim and Malaysian Waipeng Hew. “I had no errors. I did what I was taught,” the 18-year-old Gainsan said in an interview on Friday. “I was a little nervous but I regained my confidence when I entered
TACLOBAN CITY: The Borongan city government has issued guidelines as the airport in Eastern Samar prepares for its first commercial flight on Dec. 19. The city government released on Friday a copy of the city ordinance approved on Dec. 14, five days before the launch of the maiden Cebu-Borongan flight of flag carrier Philippine Airlines. The ordinance sets guidelines that prohibit common activities near the runway like driving lessons, practices, picnics, flying kites, and other related activities that could endanger flights and people. “It will be prohibited for the general public to use and access the runway
MANILA: Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo said the country targets to attract investments from Europe for technology transfer and development of the renewable energy sector here. In a virtual press briefing Friday, Rodolfo said European companies have recognized the Philippine government’s initiatives to shift to cleaner and more sustainable sources of energy. “They are very happy with the statement of the President (on) sustainability as a core objective for the Philippines. They are also happy not just because of the statements but because of the actual moves that are already undertaken by the administration,”
MANILA: Elevated inflation and peso depreciation, among others, dampened sentiments of both the consumers and businesses in the last quarter of 2022. In a briefing on Friday, Senior Director Redentor Paolo Alegre Jr., of the Bangko Sentral ng Pilipinas (BSP) Department of Economic Statistics (DES), said confidence index (CI) for the current quarter’s consumer expectation survey (CES) slipped further to -14.6 percent from quarter-ago’s -12.9 percent. By component indicator, results of the CES, done last October 1-13, showed that index for economic condition slipped further to -22 percent and the family income to -7.4 percent while the family
