Former Public Works undersecretary Maria Catalina Cabral may have implicated then-Rep. Elizaldy Co when she informed her lawyer of the adjustments made by the House to the “district allocables” in ...

Ever since the seminal contributions of Bruno Dupire (1994) and Emanuel Derman and Iraj Kani (1994), who independently developed a discrete-time binomial tree version of the same result, it has been ...

THE Philippine budget has always been political, but rarely has it been so systematized. Behind the 2025 General Appropriations Act (GAA) lies an internal mechanism known as the BBM Parametric Formula ...

Transportation Secretary Arthur P. Tugade on Thursday said he will instruct the Land Transportation Franchising and Regulatory Board (LTFRB) to come up with a “parametric formula for fare adjustments” ...