‘Cyber resiliency adoption needed’

Credit to Author: ANGELICA BALLESTEROS, TMT| Date: Wed, 20 Jan 2021 16:53:26 +0000

Businesses should switch from cybersecurity to cyber resiliency to weather continued threats to their data, a cybersecurity expert said at a webinar co-hosted by Huawei Technologies Inc. In a statement, the Chinese technology company quoted Ramses Gallego, international chief technology officer at Micro Focus, as saying that adopting cyber resiliency would help companies anticipate threats, […]

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Agencies’ budget use eases in 2020 – DBM

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 20 Jan 2021 16:52:06 +0000

Government agencies’ utilization of last year’s national budget was slower than that of the 2019 outlay, the Department of Budget and Management (DBM) reported on Wednesday. Department data showed that agencies used P3.64 trillion of the P3.85 trillion released under the Notice of Cash Allocation (NCA) from January to December. This translated to a utilization […]

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‘PH recovery seen beyond 2022’

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 19 Jan 2021 17:26:01 +0000

Quarantines, low vaccine procurement could slow rebound It would take the Philippine economy longer than its Southeast Asian peers to return to its pre-coronavirus crisis growth levels on account of the government’s nearly yearlong, continuous lockdowns, according to Citigroup’s chief Asia economist. At Fitch Ratings’ virtual conference on Tuesday, Citigroup’s Johanna Chua believed the country […]

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PH declared bird flu-free

Credit to Author: Eireene Jairee Gomez| Date: Tue, 19 Jan 2021 17:22:08 +0000

The government announced on Tuesday that the Philippines was now free of the H5N6 strain of the avian influenza that struck a few poultry farms less than a year ago. In a statement on Tuesday, the Department of Agriculture’s Bureau of Animal Industry (DA-BAI) cited a World Organization for Animal Health (OIE) declaration in saying […]

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Infra, capital spending fall to P40.3B in Nov

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 19 Jan 2021 17:19:24 +0000

State spending on infrastructure and capital outlays slipped again last November as lockdowns continued to delay various government projects, according to the Department of Budget and Management (DBM). The Budget department’s latest disbursement report on Tuesday showed that expenditures eased to P40.3 billion in the 11th month of 2020, a 50.2-percent decrease from P80.9 billion […]

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Stocks close flat amid catalyst lack

Credit to Author: Faye Almazan| Date: Tue, 19 Jan 2021 17:16:59 +0000

Despite late bargain-hunting, the stock market tumbled out of the 7,100 territory on Tuesday as fresh catalysts were elusive. The benchmark Philippine Stock Exchange index (PSEi) slipped by only 0.07 percent or 4.99 points to finish at its intraday high of 7,198.45 while the wider All Shares shed just 0.04 percent or 1.56 points to […]

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GSIS: P110B disbursed under loan program

Credit to Author: Faye Almazan| Date: Tue, 19 Jan 2021 17:15:12 +0000

The Government Service Insurance System (GSIS) reported on Tuesday that it had disbursed P110 billion under its GSIS Financial Assistance Loan (GFAL) program since its introduction in May 2018. In a statement, GSIS President and General Manager Rolando Ledesma Macasaet said that of the amount, P37 million were released last year despite the program’s suspension […]

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Power outage hits parts of Mindanao

Credit to Author: Jordeene B. Lagare| Date: Tue, 19 Jan 2021 17:12:53 +0000

Parts of Mindanao suffered power interruptions early this week after two National Grid Corp. of the Philippines (NGCP) transmission lines were tripped. Pilferage of transmission line parts caused Tower 60 of the grid operator’s Balo-i-Aurora 137-kilovolt (kV) line in Lanao del Norte province’s Tangcal municipality to topple. This led to disruptions in the coverage areas […]

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DA vows to intensify soil rejuvenation program

Credit to Author: Eireene Jairee Gomez| Date: Tue, 19 Jan 2021 17:10:33 +0000

The Department of Agriculture (DA) has pledged to strengthen its soil rejuvenation program to further sustain the country’s production of rice, vegetables, fruits and other crops. In a statement, Agriculture Secretary William Dar called soil “the foundation of agriculture” and said “we must protect, preserve and nurture it to sustainably produce adequate, affordable and nutritious […]

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Govt collects P178B thru fuel marking

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 18 Jan 2021 16:25:56 +0000

The government has so far collected more than P178 billion in duties and taxes through its fuel-marking program, according to the Department of Finance (DoF). Data released by Finance Secretary Carlos Dominguez 3rd to reporters on Monday showed that the actual P178.8-billion tax take from Sept. 4, 2019 to Jan. 14, 2021 was equivalent to […]

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