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News

  • 2019 budget, rice tariff bill top Congress priorities The Government’s proposed P3.757-trillion national budget for 2019 and a bill that will slash rice retail prices will be in the homestretch for approval by Congress, , according to lawmakers. Deputy Speaker Prospero Pichay, Jr. said that the 2019 “budget” will be first among priorities, adding: “By next week, we’ll pass it on 3rd reading.” The proposed 2019 national budget also tops priorities in the Senate, with Senate President Vicente Sotto III saying that the Senate may “have to work overtime” to assure December approval if the House does not forward the measure soon. Senate Majority Leader Juan Miguel Zubiri said the Senate will also approve the rice tariffication bill — which the House approved in August — on final reading by next week.
  • Jobless Filipinos soar to 9.8 million in 3Q2018 — SWS The number of jobless Filipinos soared to 9.8 million in 3Q2018, according to the Social Weather Stations (SWS). The survey, conducted from Sept. 15 to 23 revealed that jobless adults in the country increased from 19.7% in June to 22% in September.  It was lower than 23.9% recorded in March. SWS said the latest figure represents an increase of around 1.2 million in the number of jobless adult Filipinos, which was placed at 8.6 million in June.  Adult joblessness consists of those who voluntarily left their jobs, those who lost their jobs due to economic circumstances beyond their control, termed as the retrenched, and those seeking jobs for the first time.

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