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[ArticleID] => 1495619
[Title] => SBS doubles H1 profit
[Summary] => Chemical products distributor SBS Philippines Corp. doubled its net income to P72.5 million in the first half of the year on the back of higher sales.
[DatePublished] => 2015-09-03 10:00:00
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By Iris Gonzales | September 3, 2015 - 10:00am
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With parts of Luzon still submerged by floods due to heavy rains, the Department of Budget and Management has released P1 billion to the University of the Philippines System to enhance Project NOAH’s artificial intelligence-powered flood forecasting and disaster prevention.
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As Congress continues its deliberations on the P7.2-trillion budget for 2027, Pablo Virgilio Cardinal David of Kalookan said that the people’s money would be better spent for program-based projects such as providing better education, health care and livelihood, instead of using it for ayuda or patronage-based projects.
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The Philippines may take a slower fiscal consolidation path as sluggish economic growth complicates the country’s ability to trim its budget deficit, according to Fitch Ratings.
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