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BusinessWorld Online

Philippines' net FDI inflows plunge to near 10-year low in April - BusinessWorld Online UP backs rental housing project amid demolition, displacement concerns - BusinessWorld Online Teodoro seeks higher defense spending to bolster maritime security - BusinessWorld Online US tags Pax Silica initiative in Philippines as top priority — DoF - BusinessWorld Online Meralco July power rate rises P0.3428/kWh on higher generation charge - BusinessWorld Online Sandiganbayan rejects Estrada bid to attend Duterte impeachment trial - BusinessWorld Online Bavi, enhanced southwest monsoon to bring heavy rains, strong winds - BusinessWorld Online El Niño, prolonged Middle East war seen keeping Philippine inflation elevated - BusinessWorld Online A decade after Hague win, Filipino fishers still shut out of Scarborough Shoal - BusinessWorld Online DBCC trims revenue goals - BusinessWorld Online Philippines secures $60-M grant from MCC - BusinessWorld Online SM Prime opens P7-billion Cebu arena - BusinessWorld Online Pokémon pop-up store, running event to commemorate 30 years - BusinessWorld Online CTA upholds partial Petron excise tax refunds in twin rulings - BusinessWorld Online BDO eyes at least P5B from sustainability bonds - BusinessWorld Online DMPL cites PHL business, debt restructuring efforts to support continued operations - BusinessWorld Online Cinemalaya 2026 ramps up ahead of return to CCP next year - BusinessWorld Online ICTSI completes Brazil logistics acquisition - BusinessWorld Online Stuff to Do (07/10/26) - BusinessWorld Online BSP still vetting digital banking applicants, official says - BusinessWorld Online PhilWeb partners with Pragmatic Play to expand gaming services - BusinessWorld Online More banks offer free interbank fund transfers - BusinessWorld Online TikTok Shop strengthens beauty discovery with Seoul Glow K-Beauty Campaign - BusinessWorld Online Topline unit, Singapore’s Aesen form offshore services venture - BusinessWorld Online Atome Philippines gets P5-billion credit facility from AUB - BusinessWorld Online Democracy on trial: Why the integrity of impeachment matters - BusinessWorld Online MIC, PNOC study Bataan petroleum storage project - BusinessWorld Online Peso drops further on hawkish Fed, Iran war - BusinessWorld Online Alternergy energizes transmission facilities for Tanay wind project - BusinessWorld Online What Does It Mean to Be Agency of the Year? - BusinessWorld Online Probity due diligence - BusinessWorld Online iPeople, Inc. to hold Annual Stockholders’ Meeting remotely on July 31 - BusinessWorld Online Mynt, Inc. Notice of Registration Statement Filing with the Securities and Exchange Commission - BusinessWorld Online WB urges shift in focus to improving job quality - BusinessWorld Online Why Pope Leo’s visit to Lampedusa matters for migrants, the Church and global politics - BusinessWorld Online Why smart CEOs rotate their best managers - BusinessWorld Online Hospitality executives see infrastructure, regional growth driving tourism - BusinessWorld Online Filipinos still cautious over financial institutions — study - BusinessWorld Online Lowe’s rape gang report  and Europe’s illegal immigration disaster - BusinessWorld Online Philippines improves in global presence index, but still trails regional peers - BusinessWorld Online How PSEi member stocks performed — July 9, 2026 - BusinessWorld Online Stocks snap six-day run on ME, growth concerns - BusinessWorld Online ‘Significant’ revenue gains seen from property valuation reform - BusinessWorld Online June spot power prices surge after continued Visayas grid instability - BusinessWorld Online BCDA, PEZA among billion-peso dividend club - BusinessWorld Online Gov’t sees upskilling as key to raising wages - BusinessWorld Online Farmers, fisherfolk set to receive P150 million in fuel subsidies - BusinessWorld Online PCCI backs power-industry reforms, saying they enhance competition, consumer welfare - BusinessWorld Online Prefab building methods touted for potential to reduce emissions - BusinessWorld Online BIR wraps up Korea-aided electronic invoicing project - BusinessWorld Online PHL signs P124B in Canada energy, critical-mineral investment pledges - BusinessWorld Online 380-unit palay drying network seen completed by 2027 - BusinessWorld Online Marcos’ Q2 approval and trust ratings slip amid graft and economic concerns - BusinessWorld Online OVP chief of staff gets impeachment subpoena - BusinessWorld Online Teodoro rejects Chinese scholars’ claim over Batanes - BusinessWorld Online MMDA asks malls to open parking for shelter as ‘Inday’ nears - BusinessWorld Online VP team told: Prove ‘Romanov’ ops - BusinessWorld Online South Korean ambassador conferred Order of Sikatuna - BusinessWorld Online DepEd lags in school safety push - BusinessWorld Online SC junks NCAP petitions as moot - BusinessWorld Online Cabinet secretary role redefined - BusinessWorld Online DTI to launch P150-M MSME packing hub in Butuan - BusinessWorld Online Magnitude 4.5 quake jolts Northern Luzon - BusinessWorld Online Flashfloods sweep through Bangsamoro municipalities - BusinessWorld Online Eala set for homecoming ahead of hardcourt season and US Open - BusinessWorld Online POC names Richard Lim as Philippine national team’s chef de mission in Asian Games in Aichi and Nagoya, Japan - BusinessWorld Online The future looks bright for Creamline’s brand-new recruits - BusinessWorld Online PBA import-flavored Governors’ Cup kicks off Friday - BusinessWorld Online Djokovic experience - BusinessWorld Online PHL new upper-middle-income status should spur human capital investments - CPD, UNFPA - BusinessWorld Online 38 learners at ‘high-risk’ of mental health crisis after Tacloban shooting DepEd streamlines hiring of guidance counselors Angat Dam dips to another record-low water level despite inclement weather, says PAGASA Metrobank, PSBank waive online interbank transfer fees Typhoon Bavi prompts Storm Signal No. 2 in Batanes, enhances southwest monsoon, says PAGASA PREMIERE Condoms turns modern dating into must-watch entertainment with new TikTok series Almost Lovers Climate change, El Niño worsen extreme weather, economic losses, experts warn SM Green Movement sustainability extends to disaster-resilient mall designs withstanding flood El Niño, prolonged Middle East war seen keeping Philippine inflation elevated IMF trims Philippine growth outlook until 2027 Weak consumption, delayed investments to drag Philippine growth — ADB Unemployment rate rises in May amid 905,000 job losses in agri Philippine banks’ loan growth hits 15-month high in May PAL’s $300-M bond draws $1.4B in orders SEC OKs San Miguel’s P30-B preferred share offering Where we belong Ayala logistics unit completes 40% stake sale to Danish investor DoE suspends offshore wind auction Out with the old, in with the new (restaurant) Philippines’ foreign reserves rise to $104.8 billion Dining In/Out (07/09/26) Aramco to open first branded fuel station in Philippines Term deposit yield goes up on BSP hike bets Megawide targets higher 2026 profit at P1.2B Fresh US-Iran strikes drag peso The hearts and minds in this fight Reliable cyber infrastructure key to AI readiness, says ManageEngine CEO Globe launches Starlink satellite-to-mobile service Lower transfer fees to enhance PHL payments system — BSP Own the grid
Gov’t to release 2024 performance bonuses - BusinessWorld Online
CEDTyClea · 2026-07-09 · via BusinessWorld Online
PHILIPPINE STAR/KRIZ JOHN ROSALES

ELIGIBLE government employees can expect to receive their fiscal year 2024 performance-based bonuses within the year as the government accelerates processing under a streamlined incentive system, Malacañang said on Thursday.

“The fiscal year 2024 performance-based bonus for qualified government employees will be processed and is expected to be granted this year,” Palace Press Officer Clarissa A. Castro told a news briefing in Filipino, citing the Department of Budget and Management. “It might even be sooner.”

She said the funding for the bonuses has been provided under the 2026 General Appropriations Act, allowing the government to release the incentives once agencies complete the required evaluation and documentary requirements.

Ms. Castro urged government workers to refer to Technical Working Group Memorandum Circular No. 2026-1, issued on July 3, for the detailed implementation schedule.

The release will follow the guidelines under Executive Order No. 61, which reorganized the government’s performance management and incentive system by creating a technical working group tasked with reviewing and simplifying the process. Budget Secretary Kim Robert C. de Leon heads the panel.

To qualify, government agencies must obtain at least 70 points under the government’s performance assessment framework, which evaluates performance results, process results, financial results and client satisfaction.

Performance results measure how well agencies achieve targets under the national budget, while the other indicators assess operational efficiency, financial management and public service delivery.

Only employees whose salaries are charged against the personnel services allocation are covered by the circular. These include workers holding regular, contractual and casual positions.

The amount of the bonus will depend on an agency’s performance score. Personnel in agencies receiving a perfect score may receive bonuses equivalent to as much as 65% of their basic monthly salary, while agencies with lower ratings will get reduced incentives.

Bonus computations will be based on employees’ monthly basic salaries as of Dec. 31, 2024. — Erika Mae P. Sinaking