April 4, 2021 | 8:16 pm Font Size
PHILSTAR
SUBSIDIES GRANTED to government-owned and -controlled corporations (GOCCs) fell 27.7% from a year earlier in February to P7.581 billion, the Bureau of the Treasury reported.
The National Irrigation Administration received 65.9% of the total with P4.994 billion, down 15% from a year earlier.
The Bases Conversion Development Authority received P720 million, the Small Business Corp. P300 million and the Philippine Heart Center P296 million.
Other top recipients were the National Kidney Transplant Institute (P213 million), Philippine Children’s Medical Center (P209 million), Light Rail Transit Administration (P170 million), and Philippine Rice Research Institute (P155 million).
Towards the bottom of the subsidy list were the Subic Bay Metropolitan Authority (P2 million), Philippine Health Insurance Corp. (P3 million), the Aurora Pacific Economic Zone and Freeport Authority and Zamboanga City Special Economic Zone Authority (P8
March 7, 2021 | 7:49 pm Font Size
PHILSTAR
SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) rose 14.34% in 2020 to P230.418 billion, with close to half going to the Philippine Health Insurance Corp. (PhilHealth) and the Social Security System (SSS), which implemented a wage subsidy program designed to keep workers employed during the pandemic.
The subsidy totals were released by the Bureau of the Treasury over the weekend.
The overall subsidies exceeded the reduced P191-billion budget for the year by 53%.
In December, subsidies rose 68% to P42.561 billion.
Some P113 billion went to PhilHealth and the SSS, with the former receiving support for its increased coverage for coronavirus disease 2019 (COVID-19) cases and the pension fund implementing the wage subsidy program.
The decision is final. The Original Proponent Status (OPS) awarded to Megawide Corp. to transform the Ninoy International Airport Complex into a world class airport was revoked with finality by the board of the Manila International Airport Authority (MIAA). In its official statement, MIAA cited the lack of financial equity as the reason for cancelling the OPS.
I was privy to the case and know that this is only a reason of convenience. Records show that Megawide met all the financial requirements of the government as early as November, 2020. It even issued secondary preferred shares at the Philippine Stock Exchange just to meet the minimum equity required.
Published January 26, 2021, 3:47 PM
MOUNTAIN PROVINCE – Mass expanded testing of all the residents in five barangays in Bontoc tagged as being under the critical zone, and placed under enhanced community quarantine (ECQ) was conducted Tuesday, January 26, by the National Inter-Agency Task Force (NIATF), through the Bases Conversion Development Authority (BCDA.
Municipality of Bontoc (Facebook / MANILA BULLETIN)
According to Bontoc Mayor Franklin Odsey, he has already issued an executive order, mandating the free mass testing of all the residents of Barangays Samoki, Bontoc Ili, Caluttit, Poblacion and Tocucan to be able to locate the other possible carriers of the coronavirus disease (COVID-19).
Published January 14, 2021, 7:30 AM
Despite being delayed by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) will pursue the construction of its 30-hectare new Currency Production Facility (CPF) in New Clark City in Capas, Tarlac this year.
BSP Governor Benjamin E. Diokno, during Wednesday’s Virtual Signing Ceremony for the BSP-Bases Conversion Development Authority (BCDA) Contract of Lease which is a 50 to 75 years of land lease agreement, said they are now ready for the next step in its long-term plan of transferring its Security Plant Complex (SPC) operations outside of Metro Manila.
“The signing of this contract now gives the BSP the go-signal to proceed onto the next phase of this undertaking, which is the procurement of the architectural and engineering design, and the construction of the modern, eco-friendly facilities,” said Diokno.