By Derco Rosal Short-term government debt interest rates increased anew for the fifth consecutive week due to strong investor demand, driven by expectations of future rate cuts, US inflation concerns, and a possible Trump win. A Trump win in the US elections is seen to result in an increase in US...
(MANILA BULLETIN) Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera is calling for greater transparency and timely reporting on the management of earmarked revenues for the proposed national budget for 2025. This, as Herrera raised the alarm on the...
(Unsplash) House Speaker Martin Romualdez is urging the Bureau of Treasury to continue organizing financial literacy seminars for Filipinos. Romualdez said he sees such seminars as having the potential to improve not just Filipinos’ lives,...
Metropolitan Bank & Trust Co. (Metrobank) has been recognized by the Bureau of the Treasury (BTr) as among the 10 Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024. In a statement, the bank said it brings home the title for the third consecutive year in...
The Commission on Audit (COA) has called out the Bureau of Treasury (BoT) over its purchase in 2022 of more than P5.24 million worth of grocery items which were distributed to its officials and employees despite lack of proper authorization. In its audit report, COA said that the purchase of the...
The Department of Budget and Management (DBM) said the Advisory Body of the Maharlika Investment Corp. (MIC) will submit the names of nominees responsible for overseeing the country's sovereign wealth fund to Malacañang by mid-October. Budget Secretary Amenah F. Pangandaman told Manila Bulletin on...
The Philippine Charity Sweepstakes Office (PCSO) turned over P2.6 billion worth of funds to the Bureau of Treasury (BTr) in accordance with its mandate as the major charitable arm of the country. PCSO General Manager Mel Robles turns over a check worth P2,665,701,213.78 to BTr Deputy Treasurer...
Security Bank Corporation has been recognized by the Bureau of Treasury (BTr) again recognized as a Market Maker for 2023 under the enhanced Government Securities Eligible Dealers (GSED) program. In a statement, the bank said the recognition is given in line with the Bank’s continued efforts to...
As the country’s debt stock continued to rise in April, Malacañang said Thursday that reducing the Philippine debt remains the government's priority. In fact, Communications Secretary Martin Andanar said, the Duterte administration’s economic team already “proposed a fiscal consolidation and...
Unused funds under the Philippine International Trading Corporation (PITC) and the controversial procurement service of the Department of Budget and Management (PS-DBM) should be returned to the national coffers, Senate Minority Leader Franklin Drilon said on Thursday, Aug. 26. In particular,...
The controversial Procurement Service (PS) under the Department of Budget and Management has kept over P10.8 billion in transferred funds for years without returning the money to the Bureau of Treasury. COA logo & HQ The Commission on Audit disclosed in the 2020 annual audit report (AAR) for...
As the national government is being criticized for alleged slow distribution of cash assistance (ayuda), an official of the Department of the Interior and Local Government (DILG) said it was because of the strict protocols that have to be observed. In an Interview over GMA News, DILG Undersecretary...
