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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, 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…
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…
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”…
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).…
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…
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…
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…
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…
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…
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…
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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