A 2.1-meter high tide and a broken river wall caused floodwaters to rise to neck level in Barangay San Jose, Navotas City on Saturday, June 28. Some residents ' houses were submerged, prompting them to call for rescue. The Navotas City Disaster Risk Reduction and Management Office (DRRMO)...
The Marcos administration only borrowed ₱35.1 billion through long-term debt sales, falling short of its ₱40-billion target, as fiscal and debt concerns over the United States ' tax plan pushed up bond rates. At the auction on Wednesday, June 25, the Bureau of the Treasury (BTr) awarded...
State-run Government Service Insurance System (GSIS) has disbursed a combined total of ₱413.4 billion, covering 1.9 million approved loan applications under its Ginhawa Flex and Ginhawa Lite programs. GSIS President and General Manager Wick Veloso reported during the pension fund’s...
The Marcos administration fell short of its borrowing target from short-term debt papers, as interest rates remained elevated despite the Bangko Sentral ng Pilipinas’ (BSP) recent rate cut and expectations of another, amid escalating tensions in the Middle East. The national government raised...
Admitting that former president Rodrigo Duterte has lost a lot of weight while in detention at the Scheveningen Prison in The Hague, Netherlands, Vice President Sara Duterte called on Filipinos in Australia for them to appeal to the Australian government for intervention in her father’s case. ...
The Anti-Red Tape Authority (ARTA) is ramping up its efforts to make the Philippines more attractive for investors by cracking down on local government units (LGUs) that have yet to comply with the government’s mandate in ease of doing business. Last week, ARTA Secretary Ernesto Perez shared...
Despite weaker investor demand and marginally higher interest costs, the government continued exceeding its ₱25-billion borrowing target, raising ₱26.7 billion from short-term debt papers, as it took advantage of still relatively stable borrowing costs ahead of potential inflation pressures and...
The Armed Forces of the Philippines (AFP) welcomed the possible deployment of a second battery of the Typhon mid-range capability (MRC) to the country by the United States government. AFP spokesperson Colonel Francel Margareth Padilla said the move will further strengthen the deterrence...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has secured an over ₱14-million funding from the Manila-based Asian Development Bank (ADB) to harmonize and digitize reporting among state corporations. In 2025, we are proud and honored to have created a partnership...
The Philippines’ outstanding foreign debt rose by 6.6 percent in the first quarter of the year, as the government borrowed more to fund infrastructure and budgetary needs, while private banks tapped foreign lenders for short-term financing to manage liquidity. Data from the Bangko Sentral ng...
The Philippines has a "low" sovereign debt risk despite its ballooning obligations, but think tank Capital Economics cautioned that emerging markets (EMs) with better managed public finances should not rest on their laurels amid lingering fiscal strains. In a June 12 report authored by Capital...
The lack of concern for the needs of the people is the true foe of freedom, President Marcos said on Independence Day as he slammed government officials who abuse their positions and abandon their duties. Speaking at the celebration of the 127th anniversary of Philippine Independence and...
