‘Nontransfer of P30-B funds could impact GDP growth’

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The story "‘Nontransfer of P30-B funds could impact GDP growth’" was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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‘Nontransfer of P30-B funds could impact GDP growth’ - Business Mirror

Quick Summary:

THE Supreme Court’s (SC) order to halt the remittance of Philippine Health Insurance Corporation’s (PhilHealth) excess funds to the National Treasury could potentially impact the country’s economic growth, according to Finance Secretary Ralph G.Recto.

It has remitted P60 billion so far.

Grace Poe, said the TRO will only stop the redirection of the remaining P29.9 billion to the Treasury supposedly on November 24, 2024, since the TRO did not state to return the money already remitted.