A total of P1.8 billion in calamity funds set aside in the 2020 budget expired in 2021, with allocations for victims of a 2019 earthquake and the 2017 Marawi siege unspent. The latest Department of Budget and…
MANILA, Philippines — The state-run pension fund Social Security System (SSS) will release P27.5 billion in pension benefits starting on Dec. 1. In a statement, the SSS said next month’s releases will cover benefits for the month…
MANILA, Philippines—The national government’s outstanding debt will further climb to a record P13.42 trillion by the end of 2022 even as next year’s gross borrowing was expected to be a smaller P2.47 trillion in accordance with the…
MANILA, Philippines — The number of jobless Filipinos increased to 3.76 million in June, equivalent to 7.7 percent of the labor force, the Philippine Statistics Authority (PSA) reported on Tuesday. Although the number was up by 30,000…
The Bureau of Internal Revenue (BIR) will soon roll out new and improved tax stamps for cigarettes, e-cigarettes and alcoholic drinks to ensure collection of the correct excise taxes. Internal Revenue Commissioner Arnel Guballa told the Inquirer…
Emelda Razon Aguillon, a massage therapist from Quezon City, lost her main source of income when the spa she had worked for suspended operations during the enhanced community quarantine (ECQ) in Metro Manila due to the COVID-19…
The delay in the rebuilding of war-torn Marawi City has partly caused a slight increase in poverty in the Autonomous Region in Muslim Mindanao (ARMM), the lone region where poverty incidence rose although the nationwide rate dropped…
