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Day: October 23, 2025

Government Revenue Growth Sustains Fiscal Discipline, Deficit Below Target

Manila: The national government recorded a sustained growth in revenue collections in the first nine months of the year, keeping the fiscal deficit below the program during the period, the Bureau of the Treasury (BTr) said Thursday. In its latest cash operations report, the BTr said total revenue collections from January to September this year reached PHP3.37 trillion, up by 2.24 percent from the PHP3.30 trillion in the same period last year. According to Philippines News Agency, the increase in revenue collections was driven by higher tax collections. “This makes revenue performance on track to hit the full-year program of

Higher Housing and Transport Costs Propel Caraga Inflation

Butuan city: Inflation in the Caraga region surged to 1.3 percent in September, primarily driven by increased costs in housing and transport, as reported by the regional office of the Philippine Statistics Authority on Thursday. This marks a rise from the 0.6 percent rate in August and the 1 percent rate recorded in September 2024. According to Philippines News Agency, the housing, water, electricity, gas, and other fuels category was the chief contributor to this inflation, with rates escalating to 6.7 percent from 3.9 percent the previous month. This category contributed to 73.8 percent of the overall inflation increase in

Triathlete Ramos Injured in Crash at Asian Youth Games

Manama: Triathlete Euan Arrow Ramos crashed out of the competition on the morning of the Asian Youth Games opening ceremony Thursday in Manama, Bahrain. The 15-year-old suffered scratches and bruises all over, including his right arm and leg, after hitting the deck when his wheel clipped a cat eye on a tight turn in the race featuring 39 triathletes. According to Philippines News Agency, Ramos came out of the water in ninth place and had closed in on the leaders during the bike stage when he apparently ran over a reflective road stud and crashed. He was brought to the

DSWD-NIR Distributes Over PHP822 Million in Crisis Assistance from January to October

Bacolod: The Department of Social Welfare and Development-Negros Island Region (DSWD-NIR) has disbursed PHP822.388 million to 237,052 clients in the region under the Assistance to Individuals in Crisis Situation (AICS) program from January to October this year, recent data revealed. According to Philippines News Agency, the AICS program continues to provide crucial assistance to individuals and families in need of medical, food, education, transportation, burial, and cash relief. The DSWD-NIR emphasized their ongoing commitment to offering timely support through these services. Negros Occidental received the largest portion of the assistance, amounting to PHP418.209 million for 142,136 clients as of October

First Gen and Araneta City Collaborate on Renewable Energy Aggregation Program

Manila: First Gen Corporation is set to pool the power demands of several properties within Araneta City through an innovative aggregation program that utilizes renewable energy (RE), the power firm announced on Thursday. This partnership marks a significant step towards sustainability for both entities. According to Philippines News Agency, the collaboration will address the energy requirements of more than 200 retail and service tenants at Ali Mall and New Frontier Theater, including the events and concert hall, as well as over 9,000 apartments across 18 residential towers at Manhattan Gardens. The power supply for these facilities will be sourced from

Lopez Orders Acceleration of Ortigas Subway Station Construction

Manila: Acting Transportation Secretary Giovanni Lopez on Thursday ordered the fast-tracking of the demolition of the Metrowalk property and the subsequent construction of the Ortigas Station of the Metro Manila Subway Project (MMSP). During his inspection of the project site, Lopez thanked the construction team for their work and ordered the accelerated completion of the station for the benefit of commuters. According to Philippines News Agency, Lopez emphasized the urgency of the project, stating, “Tatlong taon nang delayed ito, kailangan mahabol na natin. ‘Yun din naman ang utos sa atin ng Pangulo. Bilisan ang construction ng subway,” highlighting that the