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PEER GROUP SERVICES
WBF has over a quarter of a century experience in professional consulting and assisting business in their operations in the Philippines. It has gained a well-deserved reputation among the foreign and local business community in the Philippines... Read more
Junjun Binay faces 2nd suspension orderMakati City Mayor Jejomar Erwin “Junjun” Binay yesterday vowed not to leave city hall as he slammed the Office of the Ombudsman for issuing a new suspension order against him and 14 others in connection with the alleged overpriced construction of the Makati Science High School. Speaking to reporters at city hall, Binay said the suspension order is part of the administration’s “selective justice” and an attempt to block the presidential bid of his father, Vice President Jejomar Binay. The Office of the Ombudsman confirmed that a new preventive suspension order was issued yesterday morning against Mayor Binay and 14 others. The new suspension order stems from Mayor Binay’s alleged involvement in the overpriced construction of the school building. Also being probed for criminal and administrative offenses are Vice President Jejomar Binay and 19 other former and incumbent officials of Makati, along with some private individuals. Fact-finding investigators earlier found probable cause to proceed with the investigation for graft and falsification of public documents against the respondents. Last March, Mayor Binay was also ordered suspended preventively in connection with an investigation on the allegedly overpriced construction of the Makati City Hall Building II.
2016 spending program to be reviewed today by DBCCThe government remains on track for a timely enactment of next year’s budget, with economic managers expected to review the Aquino administration’s final spending program today, the Department of Budget and Management (DBM) said. DBM said in an advisory the Development Budget Coordination Committee (DBCC) will meet today at 10:30 a.m. Budget Secretary Florencio Abad said in a text message economic managers will tackle the 2016 national expenditure program. If the budget process goes as planned, it would mark the 6th straight time the administration has passed a budget on time. Asked if DBCC will adjust macroeconomic targets and assumptions, he said: “I cannot say. That’s why we’re presenting the budget to the DBCC.” The Aquino government plans to spend as much as P3 trillion in its final year in office to spur the country’s economic expansion which it sees growing by as much as 8% in 2016. Sec. Abad said last week DBM remains on schedule for the national budget.