EDITORIAL: A year of achievements

After just a year in office, the Aquino administration is well on track in fulfilling its Social Contract with the Filipino people. Zero-based budgeting, combined with a commitment to prudent spending, has made possible funding for more programs to reduce poverty and eradicate corruption–without raising taxes.

PNoy approves 1.816-Trillion proposed budget for 2012

President Benigno S. Aquino III and the Cabinet have approved the proposed P1.816-trillion national budget for 2012. The proposed budget is 10.4 percent higher than the current year’s budget of P1.645-trillion, fully reflecting the Aquino administration’s commitment to fulfill its Social Contract with the Filipino People.

Government quality spending picks up

Budget Secretary Florencio B. Abad welcomed reports from the Bureau of Treasury indicating that government spending has picked up and will continue on this trajectory during the remaining months of this year. He also noted an improvement in both the flow of cash and the quality of public goods and services delivered.

US supports ASEAN unity in South China Sea dispute

Foreign Affairs Secretary Albert del Rosario’s diplomatic efforts in Washington was cited by and opinion article in the Wall Street Journal as he conducted successful talks last week in relation to the 1951 Mutual Defense Treaty between the Philippines and the United States.

PAGCOR income hits P3.03 B

Only 10 months after new management assumed office, the Philippine Amusement and Gaming Corporation (PAGCOR) posted record-breaking gross revenues of P3.03 billion last May, the highest ever in PAGCOR’s 25-year history.

DA invests P415 M irrigation, agri projects in Samar

The Department of Agriculture (DA) is investing an initial P415 million in Samar to jumpstart the development of its agriculture and fisheries sector, as part of the recently launched Northern Samar convergence agro-enterprise cluster.