Infra spending down 5.7% in March Mary Grace Padin (The Philippine Star) - May 14, 2019 - 12:00am MANILA, Philippines — Government spending on infrastructure declined by 5.7 percent in March as some line agencies were unable to implement new projects under the reenacted budget, according to the Department of Budget and Management. According to the latest disbursement report of the DBM, infrastructure and capital outlays amounted to P59.7 billion in March, 5.7 percent lower than the P63.4 billion in the same month last year. The DBM attributed this to the decline in the infrastructure outlays of some agencies, including the Department of Interior and Local Government (DILG), and the Department of Education (DepEd), which were unable to implement some projects due to the delay in the 2019 budget. “Despite the growth in the Department of Public Works and Highways’ (DPWH) disbursements for payment of prior … [Read more...] about Infra spending down 5.7% in March
Accounting 5 year program
By Tiffany Hsu The New York Times Fri., May 10, 2019 The punch cards stuffed in your wallet know next to nothing about you, except maybe how many frozen yogourts you still need to buy to get a free one. But loyalty programs, as they shift from paper and plastic to apps and websites, are increasingly tracking a currency that can be more valuable than how much you spend: personal data. As a result, the programs know things about you that some of your friends may not, like your favourite flavour (mango), when your cravings strike (early afternoon) and how you pay (with your Visa), in addition to billing details and contact information. Hackers are in close pursuit. One loyalty-fraud prevention group estimates, conservatively, that $1 billion (U.S.) a year is lost to crime related to the programs. As a share of fraud not involving a physical payment card, such schemes more than doubled from 2017 to 2018, according to the Javelin Strategy & Research firm. Some criminals … [Read more...] about Customer loyalty programs are a hacker’s paradise
The significant advantage of a frequent flyer programme is obviously the miles. With these programs, frequent flyers receive perks such as free flights, upgrades and other travel-related perks. Luckily, there is no limit on how many programs you can join. But to get as many frequent flyer miles as you possibly can, it doesn't make sense to enrol in every single airline's programme. When selecting an frequent flyer programme, go for the airline that has the most flights out of Singapore or the one that serves the destinations you are likely to visit more often. FLY OFTEN, SAVE BIG When choosing the best airline rewards programme for you, there are three factors you should take into consideration: - How easy (or not) it is to earn a flight with your miles and rewards. - Whether you get extra perks other than flights. - Whether blackout dates apply to the programme. - How soon do the miles expire. - And, how easy it is to achieve a higher status (silver, gold, elite, etc.). WHY ARE … [Read more...] about Best frequent flyer programs in 2019: Are they still worth it?
Indonesia’s gross domestic product (GDP) expanded 5.07 percent year-on-year (yoy) in the first quarter of 2019, slightly higher than the 5.06 percent recorded in the same period last year, Statistics Indonesia (BPS) announced on Monday. Household spending, which accounts for more than half of the GDP, expanded by 5.01 percent in the first quarter, higher than the 4.94 percent growth recorded over the same period in 2018. BPS head Suhariyanto said in Jakarta on Monday that the growth in household spending remained strong thanks to a jump in retail sales to 8.1 percent in the first quarter compared to 0.7 percent over the same period last year. Transactions using electronic money, debit and credit cards were up by 14.56 percent in the first quarter this year. “This shows that the household spending and people’s purchasing power remain in good shape,” said Suhariyanto. Investments – the second-largest contributor to GDP – grew by 5.03 percent in the … [Read more...] about GDP expands 5.07 percent in Q1
ADB launches $5-B action plan for ‘blue economies’ AT Pamintuan (The Philippine Star) - May 3, 2019 - 12:00am NADI – With commercial fish stocks seen to disappear by 2048 and 90 percent of coral reefs by 2052, the Asian Development Bank (ADB) launched here yesterday a $5-billion initiative to finance an action plan for promoting ocean health and so-called blue economies. The Oceans Financing Initiative, to be implemented from 2019 to 2024, will give priority to archipelagic states such as the Philippines and Indonesia, Bambang Susantono, ADB vice president for knowledge management and sustainable development, told a press briefing in this Fijian city. “The prosperity of our region depends on healthy oceans and sustainable development,” ADB president Takehiko Nakao declared in a statement. “We must work toward a more resilient future, where humanity and oceans thrive together.” The … [Read more...] about ADB launches $5-B action plan for ‘blue economies’