Tech-savvy families drive PH leisure spending surge

Ian Nicolas P. Cigaral 02/15/2024

The increasing number of tech-savvy families in the middle and upper-income brackets is boosting the demand for leisure items in the Philippines, said BMI, a unit of the Fitch Group. This trend is expected to benefit the…

Cebu City spending P3,500 per day for suction of Poblacion Pardo floodwater

Delta Dyrecka Letigio 10/03/2019

CEBU CITY, Philippines – The Cebu City government has been spending P3,500 per day for the suction of floodwater in Second Street of  Sunrise Village in Barangay Poblacion Pardo, in Cebu City following the opposition of residents…

4 spending moments than can actually help

Marc Cosep 03/13/2019

Now this sounds a little cliche, but you’ve probably heard the advice that in order to save, you have to cut back on spending. On certain occasions, spending more can actually lead to bigger savings. Once you’ve…

Pornhub: Filipinos rank no. 1 in spending most time on site

Inquirer.net 12/13/2018

Filipinos once again ranked number one among those who spent the longest time watching porn this year, as well having a fairly close number of male and female viewers, according to Pornhub. In its annual “Pornhub Insights”…

COA flags CHEd’s poor spending of funds for free college tuition

Inquirer.net 08/16/2018

THE Commission on Higher Education (CHEd) has used only P1.45 billion out of the P8-billion funding for free tuition in state universities and colleges as of the end of 2017, according to the Commission on Audit (COA).…

COA questions P3.6 M Capitol spending from development funds

Jessa Mae O. Sotto 07/22/2018

THE Commission on Audit (COA) has asked the Cebu provincial government to explain the use of the P3.6 million from the Development Fund (DF) for the procurement of goods for office use, instead of development projects. According…

DOF: Revenues, gov’t spending grew faster in Q1 due to TRAIN, infra

Inquirer.net 04/05/2018

IMPLEMENTATION of the first tax reform package coupled with the rollout of the ambitious infrastructure program helped boost both the government’s revenues and expenditures by a faster pace in the first quarter, the head of the government’s…

Infra spending up by 44.8% in Nov. 2017; Build program tagged

Inquirer.net 01/04/2018

Spending on infrastructure rose by 44.8 percent in November 2017 and played a key role in raising government disbursement for that month, the Department of Budget and Management (DBM) said Thursday. DBM said infrastructure disbursement reached P43.8…

Hike in consumer spending, demand for goods and services expected

Jose Santino S. Bunachita 12/21/2017

The passage of the Tax Reform for Acceleration and Inclusion (TRAIN) bill is expected to help improve the retail trade industry in 2018. With implementation of the TRAIN, which exempts workers with an annual income of P250,000…

Disaster management chief spending funds on preparedness projects

USJ-R Intern Rosalie O. Abatayo 07/11/2017

WHILE the Cebu City government affirmed the Commission on Audit report claiming the disaster management fund was underutilized by the city, the current city disaster management chief is already spending funds for preparedness projects. “We spend our…

TRASH DISPOSAL COST TO RISE TO P300M IN CEBU CITY

Jose Santino S. Bunachita 05/16/2017

Cebu City’s spending on garbage disposal is now projected to breach the P300 million level before the year ends. The staggering amount will be more than twice the P135 million that was spent by the previous Rama…

Cebu contractor partners with Russian firm amid rising gov’t infra spending

Victor Anthony V. Silva 05/16/2017

  A player in the construction industry sees high demand for construction equipment amid the government’s thrust to ramp up infrastructure spending in the next six years. Seth Oliver Tio, chief executive officer and chairman of Cebu-based…

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