استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
P60-B PhilHealth funds to be restored as 'savings' in 2026 budget - Recto
September 22, 2025
|Business World Philippines
THE GOVERNMENT will restore the P60 billion in excess funds of the Philippine Health Insurance Corp. (PhilHealth) as "savings" in the proposed 2026 national budget, Finance Secretary Ralph G. Recto said.
Mr. Recto, who defended the National Government's decision to reallocate the funds before the Supreme Court (SC), is now under orders from President Ferdinand R. Marcos, Jr. to restore the funds to PhilHealth.
"(Savings) will be included in the NEP26 (National Expenditure Program for 2026).
We are also looking for legal authority to do it this year," he told Business World in a Viber message over the weekend.
The Department of Finance (DOF) said it issued a "solicited opinion" supporting the restoration of the funds, citing PhilHealth's improved revenue position and the availability of savings from other agencies after the termination of flood control projects.
The DoF's response came after Mr. Marcos on Saturday ordered the return of the P60 billion to PhilHealth, which would allow the agency to expand its benefit packages and strengthen the Zero Balance Billing program.
The President acknowledged public concerns that the transfer of excess funds could affect PhilHealth's programs and services, saying such worries are understandable given that healthcare involves lifeand-death situations.
"No matter how much we explained, no matter how much we showed that PhilHealth has been expanding the services it covers, people still had fears that services might be reduced," Mr. Marcos said.
The President's move may render the SC's ruling on the issue moot and academic.
هذه القصة من طبعة September 22, 2025 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Business World Philippines
Business World Philippines
PHL third-hardest hit in Southeast Asia by US tariff shocks - UNDP
THE PHILIPPINES is projected to be the third-most affected economy in Southeast Asia by US tariffs, as its exports to the US are expected to contract by 13%, a United Nations Development Programme (UNDP) report showed.
2 mins
September 23, 2025
Business World Philippines
On the MAP CEO Academy Training for Management Excellence
To pursue future-ready Filipinos in the complex 21st century, the Management Association of the Philippines (MAP) must return to its raison d'être of promoting management excellence for a progressive Philippines, especially on its 75th Anniversary.
4 mins
September 23, 2025
Business World Philippines
Business groups urge Marcos to heed public's call for transparency, accountability
BUSINESS GROUPS on Monday urged the Marcos administration to heed the public's call for more transparency and accountability, and to ensure there are meaningful reforms to address corruption.
4 mins
September 23, 2025
Business World Philippines
Security Bank eyes at least P5B from bond offering
SECURITY BANK Corp. is looking to raise at least P5 billion from an offering of fixed-rate peso-denominated bonds, marking its return to the domestic debt market after over a year.
2 mins
September 23, 2025
Business World Philippines
House finalizing budget amendments
A HOUSE of Representatives committee on Monday moved to channel billions worth of flood control funds to education and health as they began revising the proposed P6.793-tril-lion national budget for 2026.
4 mins
September 23, 2025
Business World Philippines
T-bill rates drop further on policy easing hopes
THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates continued to go down across the board on expectations that benchmark borrowing costs will ease further.
2 mins
September 23, 2025
Business World Philippines
SM Group strengthens business resilience in face of climate threats
SM INVESTMENTS CORP. (SMIC), the country’s largest conglomerate, is planning to ramp up investments to bolster the resilience of its businesses as climate-related risks continue to rise.
3 mins
September 23, 2025
Business World Philippines
Easing inflation, index inclusion hopes boost foreign flows into PHL gov't bonds
SLOWING INFLATION and the country’s potential inclusion in the JPMorgan Chase & Co.’s emerging market government bond index have boosted foreign inflows into Philippine bonds, Nomura Global Markets Research said.
3 mins
September 23, 2025
Business World Philippines
RLC unit expanding office portfolio with projects in Davao, Dumaguete
ROBINSONS OFFICES, the office leasing arm of Robinsons Land Corp. (RLC), is set to expand its portfolio by around 100,000 square meters (sq.m.) with new developments by next year, including an office project in Dumaguete.
1 min
September 23, 2025
Business World Philippines
Soybeans at six-week low on lack of Chinese buying
Chicago soybeans lost more ground on Monday, hitting a six-week low as a phone call last week between US President Donald J. Trump and Chinese President Xi Jinping did not provide any news on agriculture.
1 mins
September 23, 2025
Listen
Translate
Change font size