By DERCO ROSAL Interest rates on short-term government debt increased despite a four-year low inflation rate in September, driven by external factors such as rising global oil prices and reduced chances of the US Federal Reserve rate cuts. At Monday’s auction, Oct 7, the Bureau of the Treasury...
The Government Service Insurance System (GSIS) has earmarked nearly P158 million in emergency loans to support members and pensioners affected by recent typhoons. The pension fund for government workers said in a statement that this initiative aims to assist 5,777 active members and...
Philippine Air Force (PAF) personnel load relief goods onto a C-130 transport aicraft for delivery to victims of typhoon "Julian" in Batanes on Oct. 5, 2024. (Photo: PAF) The Philippine Air Force and the United States government deployed aircraft and personnel to assist in humanitarian assistance...
The Marcos Jr. administration will borrow $509.24 million (about P28.7 billion) from the World Bank to enhance health services in rural areas. World Bank documents showed that the Washington-based multilateral lender's board is expected to approve the Philippines Health System Resilience Project on...
Government debt decreased by P139.8 billion at the end of August, primarily due to recent appreciation of the peso and net repayments of foreign debt. As of August 2024, the national government's total outstanding debt stood at P15.55 trillion, reflecting a 0.9-percent decline from the end of July....
Short-term government yields declined further amid strong investor interest, fueled by rising expectations of central bank interest rate cuts and reserve requirement reductions. At Monday’s auction, Sept 30, the Bureau of the Treasury (BTr) successfully raised P20 billion through T-bills, with...
The Bureau of the Treasury (BTr) reported a rise in the Marcos administration’s borrowings in August, driven primarily by increased reliance on domestic lenders. In August, the national government secured a total gross financing of P174 billion, reflecting a 40-percent hike from P124.1 billion in...
The Marcos administration plans to raise P310 billion in the fourth quarter through the sale of treasury bills and bonds. According to a memorandum from the Bureau of the Treasury, the government plans to secure P220 billion through treasury bill auctions scheduled from October to December,...
SAGIP Party-List Rep. Rodante Marcoleta (Dexter Barro II/MANILA BULLETIN) SAGIP Party-list Rep. Rodante Marcoleta can't seem to catch a break. In a chamber where a solon's status is reflected by the number and quality of committee...
The Marcos administration’s budget deficit narrowed significantly in August due to robust revenue growth and a slight contraction in public spending, the Bureau of the Treasury reported. In a statement, the Treasury said the national government incurred a fiscal deficit of P54.2 billion in August...
For its active use of the Filipino language, the local government of Pasig City was recognized and awarded the Seal of Excellence in Public Service 2024-Level 2 by the Komisyon ng Wikang Filipino (KWF). Photos from Pasig PIO The award was received by Elvira Flores, head of the Human Resource...
The World Bank has cited progress in spending the $178.1-million loan that the Philippines obtained two years ago to fight prevalent stunting among Filipino children. A Sept. 23 implementation status and results report showed the Washington-based multilateral lender upgraded the overall risk rating...
