By TJ Burgonio and Arlyn de la Cruz; Correspondent at large
President Benigno Aquino III used his Cabinet meeting on Friday to declare that he is standing by Budget Secretary Florencio Abad and is rejecting his offer of resignation on Thursday.
By Norman Bordadora
The Aquino administration is expected to hasten and pour more funds into infrastructure development and poverty alleviation towards the end of its term, a Malacañang spokesperson indicated over the weekend.
With just two years to go before its term ends, the Aquino administration plans to spend more on infrastructure and introduce other reforms to try to make economic growth inclusive and lift millions out of poverty.
By Michelle V. Remo
Supertyphoon “Yolanda” and other natural calamities that have struck the Philippines may not drag down the country’s overall growth but they could push more households into “transient” poverty, the National Economic and Development Authority (Neda) said Friday.
The Philippine economy is expected to have grown by more than 7 percent in the third quarter of the year compared with the same period last year, the government’s chief economist said yesterday. Arsenio Balisacan, director general of the National Economic and Development Authority, told reporters that a combination of higher investments and strong household [...]