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Month: August 2024

Senators back creation of Department of Water Resources

MANILA: The majority of the senators have given their support to the Senate Bill (SB) No. 2771 or the National Water Resources Act, which seeks to establish the Department of Water Resources (DWR).

Under the proposed measure, the DWR shall be the ‘pr…

Recto to senators: PH on track to meet fiscal program for 2024

MANILA: The Philippines stays on track to meet its fiscal program for 2024 due to the government’s robust revenue effort and manageable deficit level during the first half of the year, Finance Secretary Ralph Rector assured senators on Tuesday.

Durin…

Senate approves bill designating archipelagic sea lanes

MANILA: Senators unanimously approved on Tuesday Senate Bill No. 2665 or the Archipelagic Sea Lanes (ASL) Act, a landmark measure that aims to strengthen the country’s territorial integrity and national security by designating ASLs throughout the coun…

CAVITEX segment to remain toll-free

MANILA: A segment of the Manila-Cavite Expressway (CAVITEX) will remain toll-free until the Toll Regulatory Board (TRB) approves the resumption of toll collection, the Philippine Reclamation Authority (PRA) said Tuesday.

In a statement, the PRA said …

US posts $244-B budget deficit in July

ISTANBUL: The US posted a federal budget deficit of USD244 billion in July, according to Treasury Department figures released Monday.

For July, total receipts, or income, were about USD330 billion against total outlays, or spending, of USD574 billion…