HEADLINES: Govt to evacuate Filipinos in Gaza

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HEADLINES: Govt to evacuate Filipinos in Gaza
Philippines Latest News,Philippines Headlines
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Good day. Here are the top stories of The Manila Times for Monday, Oct. 16, 2023.

Today's podcast is brought to you by Wilcon Depot, the Philippines' leading home improvement and construction supplies retailer -- your trusted building partner.READ: Govt to evacuate Filipinos in GazaTHE Department of Foreign Affairs placed Gaza under the highest alert level of 4 to pave the way for the mandatory repatriation of Filipinos in the besieged Palestinian enclave. There are 137 Filipinos in Gaza that have to be pulled out before Israeli forces launch an invasion.

Business: GOCC subsidies drop to P18.83B in AugustSubsidies to government-owned and -controlled corporations dropped substantially in August from a month earlier, Treasury bureau data showed. Based on the agency's latest cash operations report, the budgetary support of P18.933 billion was 43.03 percent lower than July's P33.238 billion. Year on year, however, the amount was 21.86 percent up from August 2022's P15.536 billion. Year-to-date, subsidies to GOCCs rose by 17.

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