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House open to cutting standby fund but caution needed, lawmaker says

Business World Philippines

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October 21, 2025

THE House of Representatives is open to cutting unprogrammed appropriations, a lawmaker said on Monday, but warned that some projects still require standby funding despite calls for proposed reductions.

In a media briefing, Nueva Ecija Rep. Mikaela Angela B. Suansing said she is “very open” to discussions on reducing allocations for unprogrammed appropriations, adding that the House is not firmly opposed to revisiting standby funding once the budget bill enters bicameral conference deliberations.

But she emphasized the need to preserve standby allocations for foreign-assisted projects and the military’s modernization program, saying that abrupt cuts to their spending could jeopardize the programs that rely on flexible funds.

“I'm very open to discussing with the Senate how we can potentially rationalize the contents of unprogrammed appropriations,” said Ms. Suansing, who heads the House Appropriations Committee. “But as you can see, there are other programs that really need to be retained.”

“The House is not closed to the possibility that the entire P243-billion [unprogrammed] allocation may not be retained.”

FLERE HISTORIER FRA Business World Philippines

Business World Philippines

Business World Philippines

S&P affirms 'BBB+' rating for Philippines

S&P GLOBAL RATINGS on Thursday affirmed the Philippines' investment grade credit rating with a \"positive\" outlook, noting that its growth prospects remain strong even as the corruption scandal weighs on the economy this year.

time to read

3 mins

November 28, 2025

Business World Philippines

Bulacan contractors tied to 'ghost' projects face tax evasion raps — BIR

THE BUREAU of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in “ghost” flood control projects.

time to read

1 mins

November 28, 2025

Business World Philippines

Business World Philippines

PHL, France spotlight co-productions, animation, feminist films as French Film Fest returns for 28th year

ANIMATED and feminist films are being screened until Nov. 30, as part of this year’s French Film Festival which is now in its 28th year.

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

Business groups call for mandatory lifestyle checks on all gov't officials

SOME TOP business groups on Thursday called for the public submission of statements of assets, liabilities, and net worth (SALN) by all government officials, as well as mandatory lifestyle checks to enforce accountability.

time to read

3 mins

November 28, 2025

Business World Philippines

PHL jumps to 75th in talent competitiveness index

THE PHILIPPINES jumped nine spots in an annual ranking of countries' ability to attract and retain talent, according to a report by business school Institut Européen d'Administration des Affaires (INSEAD) and the Portulans Institute.

time to read

3 mins

November 28, 2025

Business World Philippines

James picks his spots

The latest meeting between the Lakers and Clippers functioned both as spectacle and as affirmation of the pecking order. The final score in favor of the purple and gold comes off as a whipping on surface, punctuated by scoring bursts from marquee names. At the same time, clarity lies beyond the numbers: Roles, rhythms and resolve have clearly coalesced for the winners and unravelled for the vanquished.

time to read

1 mins

November 28, 2025

Business World Philippines

Extended Beatles Anthology takes fans beyond the mythology of the band

A new episode of the Beatles Anthology, 30 years after the original landmark series, shows the impact on Paul McCartney, George Harrison, and Ringo Starr of being in the biggest rock band in history, its writer and director said.

time to read

1 min

November 28, 2025

Business World Philippines

Chinese sportswear maker Anta Sports Products exploring bid for Puma

CHINESE sportswear maker Anta Sports Products is among firms exploring a potential takeover of German sportswear brand Puma, Bloomberg News reported on Thursday.

time to read

1 min

November 28, 2025

Business World Philippines

Not too scary, but a solid first effort

KMJS' GABI NG LAGIM THE MOVIE

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

More than half of new articles on the internet are being written by AI – is human writing headed for extinction?

The line between human and machine authorship is blurring, particularly as it’s become increasingly difficult to tell whether something was written by a person or AI.

time to read

4 mins

November 28, 2025

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