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Services sector's confidence weakens


By Rose de la Cruz


Even with a slight drop in business confidence for the second quarter of 2018 (from 39.5 to 39.3 percent) the construction, industry, retail and trade sectors continues to be upbeat but the service sectors are less optimistic for the coming months on account of concerns over the weaker peso and higher commodity costs (particularly fuel) in the global economy.


Construction firms' bullish outlook for Q2 2018 was due to the award of new construction projects (both public and private) for 2018 and a better business environment.


The sentiment of…

Read more: Services sector's confidence weakens

More support for bills creating Senior Citizen Commission



By Rose de la Cruz


The proposals to create a national commission on senior citizen to ensure coordinated and consistent implementation of laws on the rights and welfare of senior citizens gained more support in the lower house.


This time, Senior Citizen partylist Rep. Milagro Aquino-Magsaysay said it is necessary to have a national commission on seniors (under the proposed bills of Rep. Ron Salo of the committee on government reorganization and Rep. Maria Lourdes Aggabao of the committee on population and family development) and a third bill of Rep. Francisco Datol (with Speaker Pantaleon Alvarez…

Read more: More support for bills creating Senior Citizen Commission

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

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Wednesday, 15 August 2018
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