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Daraga tops list of Richest Bicol towns of 2017

The town of Daraga in Albay province, has total assets of P1.029 billion making it to the top of the list among the richest municipal local government units (LGU) for 2017, besting 106 others in Bicol region, according to the Commission on Audit (COA). Daraga, aside from topping the list, […]

Naga is richest city in Bicol region

Naga City, Bicol’s financial, business, educational and religious capital now has a total net worth of over P4.675 billion, making it the richest local government unit (LGU) in the region, according to the Commission on Audit (COA). The City of Ligao, in Albay province, followed far second, with a total […]

No economy is an island, so will PH get hit by BREXIT?

Not yet in and yet, the choice technocrats of the incoming Duterte regime are quick to sound off that the European phenomenon called BREXIT, the departure of the United Kingdom (also known as Great Britain) from the European Union will have no effect on the local economy. While many countries […]

Government funds core housing for indigent victims of Typhoon Glenda

The government through the social welfare department is funding reconstruction and rehabilitation of damaged residential units in identified barangays of San Jose town of Camarines Sur amounting to P6.7 million. The local municipal government in turn, will contribute a counterpart sum of P750,000 for the same endeavor. The targeted beneficiaries […]

Mayon: The mounting cost of keeping safe the evacuees

After the state volcanology institute Phivolcs raised alert level 3 pertaining to Mayon’s restiveness, the government starts piling millions of pesos in current and projected expenses beginning from the day residents were hauled from the affected areas to the evacuation sites in Albay. So now, governor Joey Salceda has announced […]

Ombudsman indicts Masbate governor Lañete for P112-M PDAF scam

The Ombudsman has found probable cause to criminally charge a former member of the House of Representatives representing a district of Masbate province before the anti-graft court Sandiganbayan, in connection with the alleged misuse of the pork barrel funds. Current Masbate governor and former congressional district representative Rizalina L. Seachon-Lañete […]

Mayon disaster tourism has positive side

Even with the impending eruption of Mayon volcano, there are tell tale signs that disaster tourism has positive economic benefits to the province of Albay and Legazpi city. The national government thru its various national agencies are pouring millions of pesos as ready funds to finance expenditures and purchases of […]

President Aquino’s foreign trips in 2014 costs P71.3M

President Benigno S. Aquino III’s foreign trips shouldered by the government are piling high and now totals P71.3 million for his 4 successive outings in 2014. And there are still three more months left in the year. President Aquino’s trip to four countries in Europe and the United States this […]

Why NIA replaced its Bicol regional manager

NAGA CITY -– National Irrigation Administration announced that on September 1st, engineer William Ragodon, the regional manager based in the city of Naga, was being replaced with a new one. The personnel reshuffle is instituted by the NIA board of directors headed by its new chairperson, former senator now head […]

WB extends P22.4-B fund for PH infra projects

The Philippines will receive a hefty financial package from the World Bank amounting to US$508 million (P22.4 billion) earmarked for infrastructure, business and livelihood assistance, which can help over two million farmers and fishermen secure a higher income in the next six years. More than 70 percent of the fund […]

Phase-out: Post offices in Camarines Sur undergo consolidation

The ease of usage by cellphone text messaging and the internet has finally caught up the territory previously dominated by the post office, that of sending and delivering letters. Little did many surmised before that it could lead to something economically disadvantageous to some sectors. One government agency is slowly […]

Sorsogon officials say Albay bloats disaster report

SORSOGON CITY – After the storm that hit the Bicol region comes the backlash. Sorsogon provincial officials accuses the Albay leadership of allegedly seeming and deliberate exaggeration and padding on estimated disaster report on the value of devastation wrought by Typhoon Glenda. Of the six Bicol provinces, Albay claimed to […]

PH economy projected to sustain 6.5% growth in 2014

MANILA, Jan. 6 — The country’s economy is projected to sustain a robust growth of 6.5 percent this year, slightly lower than the 2013 estimate of 6.75 percent, on the back of buoyant infrastructure investments and stronger consumption, according to a finance firm. “The administration’s main thrust is infrastructure spending […]

No new tax imposition this year – Malacanang

MANILA — There will be no new tax imposition this year. This assurance came from Malacanang reassuring the public that there will be no new tax policy to be imposed by the government in 2014. A palace deputy presidential spokesperson instead said the Aquino administration will continue to focus on […]

Peso gains strength vs. dollar on Monday

MANILA, Dec. 2 — The peso strengthened against the United States dollar on Monday and is seen to remain this way until Friday on account of the volume of data set for release this week that is expected to be on the US dollar’s disadvantage. It gained P0.10 to end […]

3rd Batch of complaint on alleged misuse of P10-B PDAF may be filed?

MANILA — A new batch of complaint involving the alleged misuse of the P10-billion Priority Development Assistance Fund may be filed as a new group of whistleblowers, including government officials, have surfaced. Because of this, the second batch of complaint involving the alleged pork barrel scam filed before the Office […]

GSIS opens emergency loans for pensioners in areas hit by Typhoon Yolanda

BACOLOD CITY, Nov. 19 (PNA) — The state pension fund Government Service Insurance System is opening a window for emergency loans for its pensioners from the areas devastated by super typhoon “Yolanda,” including Negros Occidental, its chairman Daniel Lacson Jr. announced Tuesday. The EML for pensioners facility is being rushed […]

PH government sets up website for monitoring foreign aid for Yolanda survivors

The government has launched a website that allows the public to monitor the status of foreign aid for relief operations in super typhoon Yolanda-hit areas. Department of Budget and Management Undersecretary and Chief Information Officer Richard Moya said the initiative, called Foreign Aid Transparency Hub (FAiTH), may be accessed through […]

BIR to implement secured tax stamps for cigarettes

The government might start affixing tax stamps on cigarettes by April next year to ensure tax compliance among tobacco companies. Internal Revenue Commissioner Kim Henares disclosed this during a recent hearing conducted by the House Committee on Ways and Means chaired by Rep. Romero “Miro” Quimbo (2nd District, Marikina City) […]

Bicol Congressmen Use P3.881Bn Pork Barrel Funds Between 2009 and 2013

Bicol congressmen received a total of P3.881 billion pork barrel funds between 2009 and March 2013, according to the records of the Department of Budget and Management. The amount represent funds released to 24 present and past congressional representatives of the six Bicol provinces. Representative District  Amount 1 Bravo, Narciso […]

Catanduanes receive PDAF Hot Money From Party-lists A-TEACHER and ALAGAD

As we qet more clear concept on how lawmakers dipped their hands into the Presidential Development Assistannce Fund, there will be more stories that will unravel. Here’s one for the province of Catanduanes, courtesy of the Party list representatives of A-Teacher and Alagad. Books as gardening manuals and worms for […]

Albay Congressman Hits PDAF Project of Ako Bicol Party-list Lawmaker

PDAF is too hot to handle. Under the scrutiny of the public and the lawmakers themselves, funds disbursed for projects in the region are getting good attention, this time, Read this interesting report discussion here. Albay Rep. Fernando Gonzalez (LP, 3rd District) is questioning the P25-million dredging projects in Polangui […]

Bicolanos Join Million March, COA Tags 13 Congressmen in PDAF List

Bicol Headline News, August 26, 2013 Bicolanos join million march, COA tags 13 congressmen in PDAF list A unified group of concerned citizens composed of students, farmers, transport organizations and educators massed at the Penaranda Park of Legazpi city for a march rally which urged the scrapping of the controversial […]

How Seven Bicol City LGUs Spent People’s Money in 2009

Presented here is a short discussion on how the seven Bicol city local government units prioritized expenditures for the welfare of its constituents. Like the provincial LGUs, selected were five current operating expenditures which ate up much of the operating income of, and by comparison with, all seven city local […]

How Bicol Provincial LGU’s Spent People’s Money in 2009

We are crunching figures here.  This time, we discuss how the six Bicol provinces spent the people’s money in 2009. Selected were five current operating expenditures which ate up much of the operating income of, and by comparison with, all six provincial local government units. General Public Service The province […]

Daet Tops Bicol Municipal LGUs on Income from Local Sources on FY2009

On this second installment on municipal LGUs focus is on the total non-tax revenue which consists of collections from regulatory fees (permit and licenses), service/user charges (service income), income from economic enterprises (business income) and other receipts (other general income). Daet of Camarines Norte earned the distinction to have topped […]

What's Recommended

No new tax imposition this year – Malacanang

MANILA — There will be no new tax imposition this year. This assurance came from Malacanang reassuring the public that there will be no new tax policy to be imposed by the government in 2014. A palace deputy presidential spokesperson instead said the Aquino administration will continue to focus on […]

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Ombudsman indicts Masbate governor Lañete for P112-M PDAF scam

The Ombudsman has found probable cause to criminally charge a former member of the House of Representatives representing a district of Masbate province before the anti-graft court Sandiganbayan, in connection with the alleged misuse of the pork barrel funds. Current Masbate governor and former congressional district representative Rizalina L. Seachon-Lañete […]

Daet Tops Bicol Municipal LGUs on Income from Local Sources on FY2009

On this second installment on municipal LGUs focus is on the total non-tax revenue which consists of collections from regulatory fees (permit and licenses), service/user charges (service income), income from economic enterprises (business income) and other receipts (other general income). Daet of Camarines Norte earned the distinction to have topped […]

New Albay Airport Benefits from PPP Initiative

The new airport in Daraga town of Albay, otherwise referred to as the southern Luzon international airport, is Bicol’s share in the PPP project being initiated by the PH government. Funding for its construction and completion will be sourced thru the new initiative.

Sorsogon officials say Albay bloats disaster report

SORSOGON CITY – After the storm that hit the Bicol region comes the backlash. Sorsogon provincial officials accuses the Albay leadership of allegedly seeming and deliberate exaggeration and padding on estimated disaster report on the value of devastation wrought by Typhoon Glenda. Of the six Bicol provinces, Albay claimed to […]

No economy is an island, so will PH get hit by BREXIT?

Not yet in and yet, the choice technocrats of the incoming Duterte regime are quick to sound off that the European phenomenon called BREXIT, the departure of the United Kingdom (also known as Great Britain) from the European Union will have no effect on the local economy. While many countries […]

PH Not RP is Philippines ISO Country Code

We are bound in some specific ways with generally accepted standards and norms in our daily lives. So with government and industry transactions and liaisons are done in standards that will facilitate and ease the orderly and non-confusing conduct of business.

What's Throwback

LGU Libmanan Surpasses the P100M Earnings in 2007

For the fiscal year of 2007, the LGU of Libmanan was the first and only that surpassed the P100M earnings among the 35 municipalities, while capital town Pili had P87M. Rinconada’s Nabua made P73.2M and the third district town of Calabanga earned P72.6M.

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WB extends P22.4-B fund for PH infra projects

The Philippines will receive a hefty financial package from the World Bank amounting to US$508 million (P22.4 billion) earmarked for infrastructure, business and livelihood assistance, which can help over two million farmers and fishermen secure a higher income in the next six years. More than 70 percent of the fund […]

Daet Ranks 1st in 2005 Bicol Earnings

There is no stumbling block on the surge of Camarines Norte’s capital of Daet to the top of regional ranking by income of Bicol municipalities for the year 2005. Albay province’s top earner Daraga did not even take the second spot and was relegated to number 3. LGU Labo (again, of Camarines Norte) ranked second.

Daet Tops Bicol Municipal LGUs on Income from Local Sources on FY2009

On this second installment on municipal LGUs focus is on the total non-tax revenue which consists of collections from regulatory fees (permit and licenses), service/user charges (service income), income from economic enterprises (business income) and other receipts (other general income). Daet of Camarines Norte earned the distinction to have topped […]

Annual Income of Bicol Cities and Provinces for 2006

But while Bicol LGUs earn millions (in pesos), it does not follow that the constituents are also that rich. On the contrary, not much has changed on more than majority of the people’s earnings and income. Many families are still below the poverty threshold level around the region. So that there is the strong contrast of the government awashed with money and the people stricken in poverty.

GSIS opens emergency loans for pensioners in areas hit by Typhoon Yolanda

BACOLOD CITY, Nov. 19 (PNA) — The state pension fund Government Service Insurance System is opening a window for emergency loans for its pensioners from the areas devastated by super typhoon “Yolanda,” including Negros Occidental, its chairman Daniel Lacson Jr. announced Tuesday. The EML for pensioners facility is being rushed […]

Call center employees in the PH receive low-end jobs

The news that the Philippines has overtaken India in the number of new hires in the call center industry has prompted a labor education NGO recently to warn industry stakeholders and the government against risking its workers’ welfare for the sake of such boom, or the projected boom up to 2016.