Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Second Cabinet meeting focused on DPWH budget

by
July 12, 2022
in Investing News
0
Second Cabinet meeting focused on DPWH budget
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter
DPWH

PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday held his second Cabinet meeting, which was focused on preparations for the 2023 budget, specifically that of the Department of Public Works and Highways (DPWH).

The meeting was held virtually after the President caught the coronavirus, Press Secretary Rose Beatrix Cruz-Angeles said in a message to reporters.

Citing the Department of Budget and Management’s (DBM) presentation at the meeting, Ms. Cruz-Angeles said the national budget for 2023 will promote a “broad-based and inclusive” economic recovery. She did not elaborate.

Last week, Budget Secretary Amenah Pangandaman said the DBM is aiming to submit a P5.268-trillion budget to Congress on Aug. 22.

The DBM is keeping the 2023 spending plan within ceilings proposed by the previous administration.

The DBM has said that the 2023 budget would be geared towards agriculture and food security, climate change adaptation, economic recovery, improved healthcare and education, and enhanced infrastructure projects including digital infrastructure, among others.

At the second Cabinet meeting of the Presidential term, the DPWH discussed its plans for continuing Build, Build, Build program, Ms. Cruz-Angeles said, without discussing any possible revisions of the previous government’s flagship project lineup.

Public Works Secretary Manuel M. Bonoan has said that Mr. Marcos instructed the department to weigh its priority project list towards works that improve food security.

Mr. Marcos, who heads the Agriculture department, has signaled that he will boost domestic production and rely less on food imports to address the impending food crisis, and promised to significantly raise production of rice and corn.

The Department of Transportation also discussed its priority programs and projects at the meeting, Ms. Cruz-Angeles said.

Mr. Marcos, 64, tested positive for COVID-19 on Friday. On Monday, his lead physician said in a note sent to reporters that the President was still experiencing “very mild nasal stuffiness and nasal itchiness” but his cough had disappeared.

“Additional medications were given to address his concerns and all other medicines were advised to be continued,” according to the note. “He is still with no fever and body malaise.”

In a separate statement released late on Tuesday, Ms. Cruz-Angeles said concerns about workers’ skills were also raised during the Cabinet meeting.

“Among the suggestions to address these standing issues include a reform of the current curriculum since the rise of automation has posed a threat to many jobs,” she said.

In his presentation, Trade Secretary Alfredo E. Pascual underscored the need for a review of education curricula, Ms. Cruz-Angeles said.

Mr. Pascual said the Department of Trade and Industry (DTI) is ramping up efforts to help universities develop micro-credentialing systems to catch up with technological developments, according to the statement.

“We’re developing or helping universities develop this system of micro-credentialing because technology is changing very fast. There is a need for workers to update themselves, to reskill or upskill,” Mr. Pascual was qouted as saying.

Mr. Pascual also proposed to send teachers overseas for training. “Vietnam, for example, sends teachers to the United States and Europe for advanced studies,” he said.

Mr. Pascual said the DTI will collaborate closely with the Department of Education, Commission on Higher Education, and TESDA to address the issue of job skills mismatches. — Kyle Aristophere T. Atienza

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
PHL shares decline as peso continues to weaken

PHL shares decline as peso continues to weaken

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Shenzhen accelerates China’s driverless car dreams

Shenzhen accelerates China’s driverless car dreams

August 1, 2022
Google searches for solar panels increase by 300 per cent as cost of living and energy crises hit

Google searches for solar panels increase by 300 per cent as cost of living and energy crises hit

August 16, 2022
The Success of the UK Online Bingo Industry

The Success of the UK Online Bingo Industry

June 29, 2022
CCP, NCCA pay tribute to new National Artists

CCP, NCCA pay tribute to new National Artists

June 30, 2022
Rail fares in England to rise below inflation rate, ministers say

Rail fares in England to rise below inflation rate, ministers say

August 15, 2022
Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic

Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic

August 16, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.