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Gov’t to borrow US$300M for COVID-19 vaccines
By Fernan Angeles PRESIDENT Rodrigo Duterte appealed to the public not to fear COVID-19 because vaccines would soon be available for the Filipinos. However, the President hinted on the idea of borrowing funds to defray its cost. “Hindi na nakakatakot ang COVID-19. Andito na ang bakuna,” said the President in his taped public address. The…
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PHL debt now stands at P10.6 trillion and counting
By Fernan Angeles THE country now has a standing financial obligation amounting to P10.6 trillion and seen to balloon further by the end of two calendar years, 2020 and 2021. Budget and Expenditures and Sources of Financing for the fiscal year 2021 showed the government projects that the total outstanding debt for 2020 will amount…
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Filipino first
By Jeri Mae Calderon THERE’S no argument that the continued onslaught of the coronavirus disease aptly referred to as COVID-19, has adversely affected all of us –from the most-well-to-do families down to the least of our brothers. But Filipinos that we all are, it is incumbent upon us to rise from any extreme conditions just…
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COVID-19 war may take longer, says gov’t
By Fernan Angeles THE government urged the public to be prudent in spending limited resources as the adverse economic effects of the global pandemic may take longer than they thought. Finance Secretary Carlos Dominguez went as far as likening the government’s war against the COVID-19, to how pro-boxer, now Senator Manny Pacquiao trains for an…
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DOF: No allocation for cash assistance
By Fernan Angeles MILLIONS of families in areas under strict lockdown should brace for the bad news – the government has not allocated funds for cash aid for those who will be affected by the two-week return of Metro Manila and its adjacent provinces to modified enhanced community quarantine (MECQ). In a press briefing, Finance…