The national government’s total outstanding debt climbed to a record ₱17.65 trillion at end-November, exceeding internal projections and signaling continued fiscal pressure as President Marcos ramps up borrowing to fund his budget. On Wednesday, Jan. 7, the Bureau of the Treasury announced that...
The Philippine Coast Guard (PCG) on Wednesday, Jan. 7, ordered a new inspection of a suspected Chinese dredger accused of operating with irregularities in Manila Bay and nearby waters. PCG Commandant Adm. Ronnie Gil Gavan directed the Coast Guard District National Capital Region–Central Luzon to...
Senator Imee Marcos stated on Wednesday, January 7, that she anticipates a fresh impeachment complaint against Vice President Sara Duterte to be filed by February 6. In an interview, Marcos told reporters that she would be “surprised” if no second impeachment complaint is filed, citing what...
Amid rumors of a potential revamp of President Marcos’ cabinet, the Department of Education (DepEd) on Wednesday, January 7, reaffirmed Secretary Sonny Angara’s dedication to continuing the department’s reform agenda. “Secretary Angara serves at the pleasure of the president,” DepEd said...
Local automotive parts manufacturers questioned the Marcos Jr. administration’s move to scrap funding for two government programs aimed at attracting new investments in the automotive industry, warning that it could trigger a sharp decline in an already struggling sector. In a statement, the...
President Marcos has ordered the Philippine Coast Guard (PCG) to board and inspect all dredgers operating for the reclamation project in Manila Bay. Palace Press Officer and Communications Undersecretary Claire Castro said the PCG confirmed that the President directed them to check the vessels...
Independent Commission for Infrastructure (ICI) Executive Director Brian Hosaka said Wednesday, Jan. 7, there is still no information on the possible disbandment of the body, which is now left with one remaining commissioner. "We have not received any information or notice regarding this matter...
Department of Health (DOH) Secretary Teodoro Herbosa bellied rumors that he is being replaced amid various issues surrounding the department. "There is no truth to that. I think Usec. Claire (Castro) already said yesterday that there is no revamp of the Cabinet," Herbosa said in a Palace briefing...
President Marcos has reminded newly promoted generals and flag officers of the Armed Forces of the Philippines (AFP) to act as custodians of public resources as they take on higher responsibilities. Marcos made the remarks during the oath-taking ceremony for 37 newly promoted AFP generals and flag...
Filipino workers are expected to benefit from better-quality socialized housing following the government’s approval of higher price ceilings for socialized subdivision and condominium projects, while Pag-IBIG Fund continues to provide affordability through its subsidized housing loan rates under...
The Marcos Jr. government successfully borrowed its planned amount of ₱50 billion at higher costs through the sale of dual-tranche government bonds. During the sale of the three-year treasury bonds (T-bonds) on Tuesday, Jan. 6, the Bureau of the Treasury (BTr) fully awarded its ₱20-billion...
Malacañang has asserted that the 2026 national budget is legally sound and expressed confidence that it will withstand scrutiny. Palace Press Officer and Communications Undersecretary Claire Castro said President Marcos and his administration are confident that the national budget, which was...
