SMFI transforms barangay health station to a full-blown RHU in Antipolo City


By Rose de la Cruz


The SM Foundation Inc. renovated and transformed a simple barangay health station in Antipolo City into a full-blown rural health unit (RHU) III that has expanded services and facilities needed by a bustling top-ranked city (among component cities) in the country.


SMFI Executive Director Connie Angeles, for health and wellness, headed the SM Group’s local retail chain in turning over the newly-renovated RHU III to local government officials led by Antipolo Mayor Casimiro Ynares III and Barangay Bagong Nayon newly-reelected Captain Larry Onza and city health officials led by Dra. Concepcion Garcia…

Read more: SMFI transforms barangay health station to a full-blown RHU in Antipolo City

Boracay needs P1.36 billion for its rehabilitation



By Rose de la Cruz


In the inter-agency meeting held last May 18 in Boracay, Aklan, Task Force Boracay presented a total estimate for the budgetary requirements of the various rehabilitation efforts being undertaken by its member agencies in the six-month closure period of the island.


P1.36 billion would be needed to cover the cost of providing social safety nets, ensuring health and sanitation, decongesting the Island, enforcing rule of law, engaging stakeholders, and, crafting and implementing a Medium-Term Rehabilitation and Recovery Program. 


In a previous statement, Budget Secretary Benjamin Diokno said that…

Read more: Boracay needs P1.36 billion for its rehabilitation

Govt. spending up by 43% in April



By Rose de la Cruz


Government disbursements in April 2018 reached P261.2 billion, growing by 43%, fueled by strong Infrastructure and Other Capital Outlays.


Infrastructure spending almost doubled from P33.5 billion in April 2017 to P65.6 billion in April 2018. The robust performance of disbursements in April puts total government spending at P1.03 trillion for the first four months of the year, or a 29% year-on-year increase.


“We are keeping our foot on the gas pedal with regards to government spending,” said Budget and Management Secretary Benjamin E. Diokno adding that…

Read more: Govt. spending up by 43% in April

Most LGUs don’t have online processing portals of business forms



By Rose de la Cruz


Now that the Ease of Doing Business has become a law, the next step is for government to ensure that all local government units are adept and capable of processing the downloadable forms for business—online.


This was the advice of Rep. Henry Ong, one of the principal authors of the law and vice chair of the committee on banks and financial intermediaries of the House, as he stressed that the law was meant to generate new and continuing direct investments in the Philippines economy to the level of provinces, cities, towns…

Read more: Most LGUs don’t have online processing portals of business forms


By Rose de la Cruz


The Monetary Board—policy-making arm of the Bangko Sentral ng Pilipinas—has approved the conduct of the Banking Sector Outlook Survey (BSOS) to be used in gathering the sentiments of presidents and chief executive officers of the country’s banking sector on their growth outlook, risk assessments, business performance strategies and insights on regulation and supervision.


The survey is part of the surveillance toolkit of the BSP to promote the sustained resilience of the banking system.


The BSOS will capture forward-looking information consistent with BSP’s proactive approach to banking supervision.


The survey will also inform additional perspectives on the evolution of banks’ business models that can help enhance prudential regulations. The initial run of the BSOS will cover all universal/commercial, including foreign banks, and thrift banks and the Top 20 rural banks in terms of total loan portfolio.


The initial rollout of the survey will start in June 2018.


The BSP intends to expand the coverage of the survey to include all banks and to conduct the same on a semi-annual basis in the succeeding years. The aggregated results of the survey will be published by the BSP.

Read more: MB okays banking sector outlook survey

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