Cebu Pacific Back To Full Year Profit After Pandemic Losses

Cebu Pacific soars to new heights with Php 90.6 billion in revenue for 2023, marking a 60% increase from the previous year!

FDA DG Assists Small Businesses With BBMSME Program, Joins First Lady in Tuguegarao

Food and Drug Administration Director General Dr. Samuel Zacate partners with Tuguegarao Mayor to empower local entrepreneurs through Bigyan-Halaga, Bangon Micro, Medium and Small Enterprises program.

Tala’s Iona Inigo-Mayo Shares Its Empowerment On The Organization And Its Customers

Gender-inclusive workplaces drive success! Tala empowers women, fostering leadership & financial independence, transforming lives and communities globally.

HONOR PH Introduces HONOR X7b, Another High-Quality Phone Without Breaking Your Wallet

HONOR Philippines locally debuts the durable, budget-friendly HONOR X7b, boasting impressive features like extended battery life and superb display.

DBM Oks Release Of P1.4-B Fund For Free EDSA Carousel Bus Rides

0

DBM Oks Release Of P1.4-B Fund For Free EDSA Carousel Bus Rides

0

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Department of Budget and Management (DBM) has approved the release of PHP1.4 billion in additional funds to support the extended grant of free rides at the Epifanio de los Santos Avenue (EDSA) Carousel Busway.

In a press statement released on Tuesday, DBM Secretary Amenah Pangandaman said the agency approved the Special Allotment Release Order (SARO) and the Notice of Cash Allocation (NCA) to cover the additional funding requirements for the extended implementation of the Service Contracting of Public Utility Vehicle (PUV) Program.

“Ito pong paglagak natin ng additional funds ay suporta natin sa hangad ni President (Ferdinand) Marcos (Jr.) na i-extend ang programang Libreng Sakay ng Department of Transportation at ng Land Transportation Franchising and Regulatory Board hanggang Disyembre (This deposit of additional funds is our support for President Marcos’ desire to extend the Free Ride program of the Department of Transportation and the Land Transportation Franchising and Regulatory Board until December),” she said.

The extended free bus ride program was set to end on July 31, but President Ferdinand “Bongbong” Marcos Jr., on his first day in office, announced its extension until December this year.

“Malaking tulong at ginhawa po ang Libreng Sakay sa bulsa ng mga commuter, lalo na para sa mga estudyante at mga kabilang sa labor force (Free rides are a great help and comfort in the pockets of commuters, especially for students and those in the labor force),” Pangandaman said.

The program will support up to 50 million ridership from Sept. 1 until Dec. 31.

It will also benefit around 628 units of onboarded public utility buses (PUBs) on the EDSA Busway Route in Metro Manila as it provides financial support to transport service providers through performance-based payouts.

“Magiging malaking tulong po ito sa kabuhayan ng mga driver ng EDSA Busway na hanggang ngayon ay bumabangon mula sa epekto ng pandemya, at apektado sa patuloy na pagtaas ng presyo ng gasolina (This will be a great help to the livelihood of EDSA Busway drivers who are still recovering from the effects of the pandemic, and are affected by the continuous increase in fuel prices),” she said.

The free bus ride program was conceived to ensure efficient and safe operations of public transportation under the new normal.

It currently helps mitigate the financial burden on consumers severely affected by the rising costs of goods and services. (PNA)