Government agencies can still tap over P15 billion in disaster funds to mitigate the impacts of El Niño, the Department of Budget and Management (DBM) said yesterday.
MANILA, Philippines — Government agencies can still tap over P15 billion in disaster funds to mitigate the impacts of El Niño, the Department of Budget and Management said yesterday.
“We are prepared to support all operations that seek to cushion the negative impacts of the dry spell affecting various provinces in the country,” Budget Secretary Amenah Pangandaman said. According to the DBM, the available calamity fund balance comes from the 2024 budget and the remaining continuing appropriations from last year.
Apart from the calamity fund, the government also allocated P4.5 billion for the crop insurance program of the Philippine Crop Insurance Corp.Flex your summer! 4 must-do activities to make this sunny season your best yet A recent survey by a think tank found that many Filipinos prefer siding with the United States over China in the West Philippine...
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bacolod City Government Prepares for El Niño and La NiñaThe City Government of Bacolod is now preparing for the effect of the El Niño phenomenon in the city, Mayor Alfredo Abelardo Benitez said. Steps are being taken to prevent water shortage, impact on educational institutions, and health issues. Pagasa has forecasted a weakening of El Niño and the possibility of a La Niña.
Read more »
Transport group to press for P15 minimum fare amid fuel price hikesA transport group will press the Land Transportation Franchising and Regulatory Board (LTFRB) to release a decision on its petition increasing the minimum fare for traditional jeepneys to P15.
Read more »
Maynilad to sell P15-B of 'Blue Bonds' to fund capex projects ahead of IPOMaynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June.
Read more »
PH debt balloons to new record high of P15.18T as of end-February 2024The Philippines' sovereign debt reached a new record high as of end-February this year.
Read more »
Philippines debt pierces P15 trillion markThe issuance of domestic securities pushed the country’s debt to hit the P15-trillion mark in February, a new record high in outstanding obligations, the Bureau of the Treasury said.
Read more »
At least 100 cities, municipalities affected by El Niño — task forceAt least 100 Philippine cities and municipalities have been affected by the El Niño phenomenon, according to the government's Task Force El Niño.
Read more »