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2 August

P171-B ‘Yolanda’ funds now under DBM control

By Luis Leoncio The Department of Budget and Management (DBM) under Secretary Florencio “Butch” Abad, a key member of President Aquino’s Liberal Party (LP), is now in control of the billions intended for the rehabilitation of the survivors of Supertyphoon “Yolanda” (international name: Haiyan).

2 August

Speaker key to distribution of ‘pork’ to admin allies

How was the pork-barrel system embedded in the 2015 budget? Former Sen. Panfilo “Ping” Lacson said his research team found that lump-sum items are parked in the National Expenditure Program (NEP)—or the Palace-proposed budget— for later distribution to members of the House of Representatives, then to administration allies at the discretion of the Speaker in the approved General Appropriations Act (GAA).

2 August

National unity, better business climate, equitable economy

Sen. Ferdinand “Bongbong” Marcos Jr., articulating his vision for a better Philippines, said the government should create a better environment for the business sector and work for a more equitable distribution of wealth to improve the lot of the poor.

2 August

DOT launches campaign to lure Russian tourists

By Riza Lozada Major Russian carriers, including Aeroflot, will be used as platform for the marketing of the “More Fun in the Philippines” campaign, according to the Department of Tourism (DOT). Some 40,000 Russians visit the country annually, according to government data. “We are confident that the new arrangements will help us meet our targets for Russia and the Commonwealth of Independent States (CIS),” Tourism Undersecretary Benito Bengzon Jr. said. The CIS includes Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, …

2 August

8990 sees exceeding P10-B sales goal for this year

Listed mass housing developer 8990 Holdings Inc. is confident of surpassing its P10-billion revenue target this year on the back of new projects and good first-semester financial performance.

2 August

Solon seeks more women in boards of listed firms

More women should be elected to the boards of local companies, House Deputy Majority Leader and Makati City Rep. Mar-Len Abigail Binay appealed to shareholders of Philippine Stock Exchange (PSE)-listed corporations to elect more women to their governing boards.

2 August

JFC backs hike in government spending in 2016 budget

By Riza Lozada The Joint Foreign Chambers of the Philippines (JFC) lauded the ramping up of public spending by nearly double mainly on infrastructure in the proposed budget for next year. The budget proposal or the National Expenditure Program (NEP) proposed a five percent share of infrastructure spending in the Gross Domestic Product (GDP), which was JFC’s recommendation since 2010 when President Aquino started his term and when spending for infrastructure in …

2 August

Aquino’s ‘no choice’ choice

Unless one is a complete idiot, or a virtual gun is held to one’s head, the fairly intelligent will not likely pick a born loser over an undeniably certifiable winner as his successor. What traditional politician picks a candidate that the electorate has several times rejected because they just do not like him? The character flaws are too obvious.

2 August

More than turtles: The truth about home

A kind of inaccuracy in how we respond to “where do you live?” strikes me just now—an address limits the sense of life we carry, which defines us, yet may never be known even to us.

2 August

The State of the President

In his sixth and last address to the joint session of Congress, President Aquino failed to honestly and clearly describe the State of the Nation.

TimeLine Layout

August, 2015