Philippine budget deficit within target amid spending rise
The Philippine government posted a budget deficit of P869.2 billion at the end of August, around 56 percent of the revised full-year target of P1.56 trillion for 2025.
GSIS Chief Veloso, 4 Execs Return to Warm Welcome After Suspension Lifted
GSIS president and general manager Wick Veloso and four other executives received an emotional welcome from employees during the agency’s flag-raising ceremony on September 23, following the lifting of their 60-day preventive suspension by the Office of the Ombudsman.
DPWH chief targets P5B in corruption-linked assets
Public Works Secretary Vince Dizon has asked the Anti-Money Laundering Council (AMLC) to freeze over P474.5 million worth of luxury vehicles allegedly owned by individuals connected to anomalous flood control projects.
SMC alerts public on scams using CEO Ramon Ang’s name
San Miguel Corp. (SMC) has renewed warnings about fraudulent schemes exploiting the name and likeness of its chairman and CEO, Ramon S. Ang, for profit. Scammers are circulating deepfake videos on social media platforms like TikTok, Facebook, and Instagram, digitally altering Ang’s image and voice to deceive people into clicking malicious links and transferring money.
PBBM eyes longer rice import ban, higher tariff
President Ferdinand Marcos Jr. is moving to tighten the country’s rice import policy by extending the current two-month import suspension and raising tariffs on foreign rice, in a bid to stabilize palay prices and protect Filipino farmers during the peak of the harvest season.
