BSP says PH financial sector resources grow by 10.5% as of end-June
BSP says PH financial sector resources grow by 10.5% as of end-June;
PhilHealth recommends reduction of members’ premium contributions;
DBM encourages gov’t agencies to absorb COS and JO workers in filling vacant plantilla positions
PhilHealth recommends reduction of members’ premium contributions;
DBM encourages gov’t agencies to absorb COS and JO workers in filling vacant plantilla positions
Transcript
00:00Meanwhile, the Department of Budget and Management, or DBM, has urged government agencies to absorb
00:06contract of service, or COS, and job order workers in filling their respective vacant
00:11plantilia positions.
00:13This and other stories in tonight's business news wrap-up by Joms Balagat.
00:20The Banco Central ng Pilipinas reported the total resources of the country's financial
00:25sector grew by 10.5% as of end June.
00:28BSP data release showed the total resources of banks and non-bank financial institutions
00:33amounted to P32.33 trillion from P29.2 trillion in June last year.
00:41The Philippine Health Insurance Corporation has recommended to President Ferdinand R.
00:46Marcos Jr. the reduction of members' monthly premium contributions.
00:50Meanwhile, in an interview with Senior Vice President for Health Finance Policy Sector
00:55and Spokesperson of PhilHealth Dr. Israel Francis-Pargas, the PhilHealth Board is discussing
01:01how to reduce premium contributions.
01:04One of the strategies being considered is reducing both the percentage and the salary
01:08ceiling.
01:10The Department of Budget and Management is urging the government agencies to absorb contract
01:15of service and job order workers in filling out vacant government plantilia positions.
01:20Budget Secretary Amena Pangandaman said, 92% of over 2 million plantilia positions
01:26in the national government are occupied, leaving 8% still vacant.
01:31She made the statement as she reiterated President Ferdinand R. Marcos Jr.'s directive to prolong
01:37the transition period for the employment of COS and JO workers in the government.
01:42This directive specifically applies to those workers whose contracts are set to expire
01:47in December this year.
01:48Joms Palagan from the National TV Network for a new and better Philippines.