ROTARY CLUB OF MANILA JOURNALISM AWARDS
2006 National Newspaper of the Year 2011 National Newspaper of the Year 2013 Business Newspaper of the Year 2017 Business Newspaper of the Year 2019 Business Newspaper of the Year 2021 Pro Patria Award PHILIPPINE STATISTICS AUTHORITY 2018 Data Champion
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A broader look at today’s business Saturday, January 25, 2025 Vol. 20 No. 105
EJAP JOURNALISM AWARDS
BUSINESS NEWS SOURCE OF THE YEAR
(2017, 2018, 2019, 2020)
DEPARTMENT OF SCIENCE AND TECHNOLOGY
2018 BANTOG MEDIA AWARDS
₱30-B FUNDING GAPS IN ’25 GAA ‘MUST BE FILLED’
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P25.00 nationwide | 14 pages | 7 DAYS A WEEK
By Samuel P. Medenilla
RONING out the funding gaps in the 2025 General Appropriations Act (GAA) will be crucial to shield the country from the projected global economic headwinds this year, including the impact of the Trump administration policies, according to the National Economic and Development Authority (Neda). ECONOMIC PERFORMANCE (2024) GDP Growth: Below 6% due to natural calamities. Agricultural Contraction: -2% due to typhoons, El Niño, La Niña, and ASF. Positive Gains: n Underemployment Rate: 4.4%. n Inflation Rate: 3.2%.
BUDGET FOCUS AREAS
Social protection. Food security. n Basic infrastructure (flagship projects). n n
MALACAÑANG PRESIDENTIAL COMMUNICATIONS OFFICE VIA AP
Neda Secretary Arsenio M. Balisacan made the remark amid the ongoing review of the Executive department led by the Department of Budget and Management (DBM) on the 2025 GAA, which initially revealed P30 billion worth of unfunded initiatives from government agencies and instrumentalities. “Trade is an important part of the economy and we are monitoring that closely and we are using of course our budget to ensure that we can make the economy more resilient to shocks,” he said at the press conference at the DBM Budget Forum on Budget Execution for FY (Fiscal Year) 2025 at the Philippine International Convention Center (PICC) in Pasay City on Friday. The country, he noted, will face considerable challenge to reach the 6 to 8 percent GDP this year due to global uncertainty from countries which may retaliate against higher tariffs from the US. Continued on A2
“The President is only concerned with the finished product, which he signed. Not the blank check.”— Executive Secretary Lucas P. Bersamin
“We plan to address funding gaps by tapping existing savings, fund augmentation using the government contingency fund with Presidential approval, and unprogrammed appropriations from excess revenues.”— Budget Secretary Amenah F. Pangandaman
LAKE IT EASY Local tourists enjoy an early morning view of Lake Sampaloc, the largest of San Pablo City’s Seven Lakes in Laguna. This volcanic crater lake, nestled behind the city hall, is dotted with tilapia fish pens and remains a tranquil retreat year-round. Its consistent water level and volcanic origins, evident in a shallow depression at the lake’s bottom, draw visitors seeking peace and natural beauty. BERNARD TESTA
PHL raises $3.5B from dollar, euro bonds–BTr
NOTICE OF FILING OF APPLICATION/S FOR ALIEN EMPLOYMENT PERMIT/S (AEP/S)
By Reine Juvierre S. Alberto
T
HE national government raised a total of $3.5 billion on Friday through the issuance of dual-tranche dollar bonds as well as euro bonds, locking in amid favorable market conditions. The Philippines on Friday generated $2.25 billion from the 10-year tenor dollar bonds and 25-year sustainability bonds, according to the Bureau of the Treasury (BTr). The 10-year dollar bond was priced at 90 basis points (bps) above comparable US Treasuries, reflecting a tightening of 30 bps Continued on A2
Notice is hereby given that the following companies/Employers have filed with this Regional Office application/s for Alien Employment Permit/s: ESTABLISHMENT / ADDRESS No.
NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION
QUALIFICATION AND SALARY RANGE
BETTZEIT SOUTHEAST ASIA INC. 11th, 12th, 14th And 15th Floor The Brilliance Center 11th Avenue, 40th Street, Bonifacio Global City, Fort Bonifacio, City Of Taguig MAGGIOLI, STEFANO VP Of Operations
PHLPOST UNVEILS YEAR OF THE SNAKE STAMPS FOR 2025
ON MARKET TIMING: “Our goal is to capitalize on the current market momentum to secure the most efficient cost dynamics ahead of potential uncertainties in the near future.”— National Treasurer Sharon P. Almanza
The Philippine Postal Corporation (PHLPost) launched its special “2025 Year of the Wood Snake” postage stamp on January 23 at Robinsons Manila to mark the Chinese New Year. In Chinese mythology, the Snake represents wisdom, intuition, and renewal. Postmaster General Luis D. Carlos expressed hope for prosperity in 2025, emphasizing PHLPost’s initiatives such as Barangay Postal Stations, the new seven-digit Zip Code PH, and expanded next-day delivery hubs to boost SME growth. The exhibition is part of Robinsons Mall’s Prosperity Trail, moving to various branches until February 2. A Chinese New Year activity is set at Lucky Chinatown on January 29.
1.
Brief Job Description: Responsible for develop and execute comprehensive talent development strategies that align with the company’s goals and objectives. Conduct needs assessments to identify skill gaps and development opportunities across the organization. Design and implement leadership development programs, including mentoring, coaching, and training initiatives.
Basic Qualification: 5 years of experience in leading a sale focused organization. 10 years of experience in management of a service based, multi-location, international business. An exceptional leader who can clearly articulate, motivate and develop all people under his or her leadership. Have an existing track record of sustained success within current role. Excellent communication, interpersonal and presentation skills. Salary Range: Php 150,000 - Php 499,999
See “dole ncr” on A12-A13
PESO EXCHANGE RATES n US 58.6410 n JAPAN 0.3758 n UK 72.4392 n HK 7.5285 n CHINA 8.0500 n SINGAPORE 43.2679 n AUSTRALIA 36.8559 n EU 61.0863 n KOREA 0.0409 n SAUDI ARABIA 15.6343 Source: BSP (January 24, 2025)