मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

The return of PhilHealth funds is the people’s victory

Business World Philippines

|

September 22, 2025

On Saturday, Sept. 20, President Ferdinand Marcos, Jr. announced that the P60 billion diverted from the Philippine Health Insurance Corp. (PhilHealth) to the National Treasury in 2024, which was strongly opposed by civil society and challenged in a Supreme Court petition (GR 274778, Pimentel vs. House of Representatives), would be returned to PhilHealth.

- BY FILOMENO STA. ANA III and PIA RODRIGO

The return of PhilHealth funds is the people’s victory

He cited savings from Department of Public Works and Highways (DPWH) projects as the reason the P60 billion would be returned to PhilHealth.

President Marcos’ decision to return the P60 billion that the National Government took away from PhilHealth is the result of relentless, sustained, and immense public pressure, which started in July 2024. It is the result of the coming together of diverse segments of society: healthcare workers, labor groups, youth groups, patients’ groups, and government workers, among many others. It is thus the people’s victory.

But if the intent of the Marcos administration is to placate an angry nation and defuse a political crisis in the wake of the controversy surrounding anomalous flood control projects and massive corruption in the General Appropriations Act, its pivot is clumsy. And its concessions — e.g., throwing former Speaker Martin Romualdez, the president’s cousin and strategic political ally, under the bus and returning the seized PhilHealth funds — are too little, too late.

“Tinimbang ka ngunit kulang (you've been weighed and found wanting).” We explain why.

Accountability does not end in rearranging the leadership in Congress. Let us not forget that the corrupted budgets in 2024 and 2025 were the handiwork of both Congress and the Executive.

Business World Philippines से और कहानियाँ

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.

time to read

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.

time to read

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.

time to read

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.

time to read

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.

time to read

4 mins

September 23, 2025

Business World Philippines

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.

time to read

2 mins

September 23, 2025

Business World Philippines

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.

time to read

3 mins

September 23, 2025

Business World Philippines

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.

time to read

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.

time to read

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.

time to read

1 mins

September 23, 2025

Listen

Translate

Share

-
+

Change font size