00:00The Department of Budget and Management, or DBM, releases over 500 million pesos to fund flood control and green projects under the People's Survival Fund.
00:10This and other stories in tonight's business news wrap-up by Joms Balagan.
00:17The Philippine Coast Guard conducted a simulation for salvage and seaponing operations on the sunken empty Terra Nova in Limay, Bataan.
00:25This was done by the Coast Guard Bataan Station with participation from various government agencies.
00:30Meanwhile, the fish vendors at the Limay Public Market are hoping the motor tanker will be removed as soon as possible because its presence has greatly affected their livelihoods.
00:41The Department of Budget and Management, Secretary Amena Pangandaman, has approved the release of a Notice of Cash Allocation amounting to 579.312 million pesos to the Bureau of the Treasury to finance climate projects.
00:54The DBM said the one focus of the fund is flood control, which will prevent flooding and protect lives and property in vulnerable areas.
01:04The Department of Finance said the country has secured financing with the government of South Korea for the new Dumaguete Airport Development Project and Economic Development Promotion Facility.
01:15The Dumaguete Airport Project has a total of 17.6 billion pesos, some 13.15 billion pesos of which will be bankrolled or underwritten by the Export-Import Bank of Korea.
01:28Joms Balagan from the National TV Network for a new and better Philippines.
