EDITORIAL: Fiscal Prudence key to success of Aquino Social Contract

Together with the President’s initiative to undertake zero-based budgeting, and the fiscal prudence that has achieved the first quarterly budget surplus in a quarter century, the total approach of the administration to the appropriation and disbursement of public funds means the resources are in place to achieve our development targets and social spending.

Government records highest budget surplus in 25 years

The national government registered a surplus of P26.258 billion in April which improved its fiscal position for the first four months of the year to a surplus of P61 million as opposed to a deficit of P131.8 billion recorded in the same period last year.

GPH, MILF join forces to save kidnapped trader

The unprecedented partnership of the government and the Moro Islamic Liberation Front in a 10-day pursuit operation led to the rescue of Filipino-Chinese trader Angelina Suken Chew Manjique on May 24.

Customs turns over confiscated marine organisms

The Bureau of Customs (BOC) turned over to the proper government regulatory agencies tens of thousands of endangered marine organisms seized by Customs Police amid beefed up operations following a major wildlife trade bust two weeks ago.

DBM releases P5 billion for health insurance

The Department of Budget and Management (DBM) has released P5 billion to cover the national government’s counterpart for health insurance premiums of indigents from 2007 to 2010, which were left unpaid by the previous administration.

DA pushes for low-glycemic white corn propagation

The DA and the Institute of Plant Breeding-University of the Philippines in Los Baños are producing the seed and propagating a high-yielding variety of low-glycemic corn nearly comparable to the yields of commercial white corn.