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2025 Philippine Budget Faces Constitutional CrisisThe 2025 Philippine national budget is facing a constitutional crisis as concerns have been raised about potential violations during its passage through Congress. While the budget process typically involves the President submitting a proposal, both houses of Congress reviewing and amending it, and final ratification, issues have arisen regarding the Congress's power to increase appropriations beyond the President's recommendation.
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Philippine Stock Exchange Index Poised for Growth in 2025, Says Luna SecuritiesDespite concerns over macroeconomics, geopolitical situations, and the new US president, Luna Securities Inc. predicts a positive outlook for the Philippine Stock Exchange index (PSEi) in 2025. The report suggests a trading range between 7,030 and 8,080, with a potential peak of 9,399 in the most optimistic scenario. Luna Securities' analyst Annika Angeles highlights the market's ability to overcome volatility and points to historical trends of growth during periods of stability.
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Philippine Export Development Targets May Be Revised in 2025The Export Development Council (EDC) will meet in the first quarter of 2025 to set new targets for the Philippine Export Development Plan (PEDP). DTI-EMB Director Bianca Pearl Sykimte stated that the targets may be lowered compared to the initial PEDP goals due to their ambition exceeding those outlined in the Philippine Development Plan (PDP). While the PEDP originally aimed for higher export figures, the PDP presents more tempered targets. Sykimte emphasized that the Philippine government remains confident in achieving the PDP's total export target of $107 billion for 2024.
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Group Urges Philippine Leaders to Restore Funds to Vital Sectors in 2025 BudgetINCITEGov, an organization of former government officials and civic leaders, has appealed to President Ferdinand Marcos Jr. and Congress to restore funds cut from key sectors like health, education, and agriculture in the proposed P6.4-trillion General Appropriations Act (GAA) for 2025. They argue that eliminating pork barrel funds and reallocating them to vital areas is crucial for the nation's well-being and long-term growth.
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Marcos Jr. Vetoes P194 Billion from 2025 Philippine BudgetPresident Ferdinand Marcos Jr. has vetoed over P194 billion in line items from the P6.326-trillion budget for 2025, citing a need for fiscal sustainability and alignment with government priorities. Marcos stated that the vetoes were made after a thorough review and targeted line items not consistent with the administration's plans, including some DPWH programs and Unprogrammed Appropriations. He emphasized the importance of responsible spending and ensuring public funds are used according to their intended purpose.
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Philippine hosting of 2025 men’s volleyball world championship shifts to high gearThe Philippines prepares to welcome 31 of the world’s top volleyball nations when the country hosts the FIVB Men’s World Championship this year
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