P2.4B already released by DBM to OCD for COVID-19 spending

P2.4B already released by DBM to OCD for COVID-19 spending

The Department of Budget and Management (DBM) has already released P2.4 billion from this year’s calamity funds for COVID-19 expenses. Documents showed that the DBM issued special allotment release orders (Saros) worth P210.3 million last May 5 as well as another P135.8 million last May 22 to the Office of Civil Defense (OCD). The DBM […]
Lockdown inflation in May seen settling at 2 percent

Lockdown inflation in May seen settling at 2 percent

Inflation was likely to have further slowed down in May as many consumers limited purchases to essentials during an extended lockdown to prevent coronavirus transmission, according to most economists asked by Inquirer. Seven of 16 economists and financial institutions...