The Government Service Insurance System (GSIS) allotted close to P272 million worth of emergency loans for members and pensioners affected by massive flooding brought by heavy rains in Davao de Oro province in April. (GOVERNMENT SERVICE INSURANCE SYSTEM) GSIS is accepting applications until July 5,...
The Government Service Insurance System (GSIS) granted a total of P221 billion of loans to 1.38 million active members and pensioners nationwide from January 2021 to May 15, 2022. (GOVERNMENT SERVICE INSURANCE SYSTEM) “We rolled out several programs under our 'Ginhawa for All' benefit bundles to...
The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose. At the Bureau of the Treasury auction on Tuesday, June 14, the yield for the seven-year Treasury bond with a remaining life of six-year and 11-months settled at 6.740 percent. The...
The Philippine Red Cross (PRC) Cebu Chapter, in coordination with the Bureau of Fire Protection and Local Government Unit, immediately dispatched its two ambulance units that treated three patients with minor injuries in a fire at a residential area in Sitio Tuburan, Barangay Punta Princesa, Cebu...
Outgoing Senate President Vicente C. Sotto III Monday, June 13 said policies on how to contain Covid-19 pandemic should be science-based and science-driven. Senate President Tito Sotto (Photo from Senate President Tito Sotto's office) Sotto stressed this as Cebu officials made a decision making...
Philippine benchmark interest rates for short-term loans rose amid expectations of higher inflation. At Monday's auction of Treasury bills on June 13, the bellwether 91-day T-bill rate, which banks use in pricing their loans, increased to 1.572 percent from 1.440 percent previously. The Bureau of...
The Commission on Audit (COA), on Wednesday, June 8, flagged the Presidential Commission on Good Government (PCGG) for unreliable accounting in the agency’s “Abandoned/ Surrendered Property/Assets,” noting that it had left unreported over 100 items in its inventory which include artworks and...
In order to combat the continuing widespread corruption in government, state agencies should pursue digitalization or accelerate digitization in their processes and transactions, Senator Sherwin Gatchalian said on Friday, June 10. “All government collections should be paperless or done through...
Hoping to address the traffic woes as well as stir scientific and technological activity, the Department of Science and Technology (DOST) together with the local government unit (LGU) of Taguig City, begins construction of the Taguig City Science Terminal and Exhibit Center. Taguig City Mayor-elect...
Senator Christopher “Bong” Go on Thursday, June 9 called for greater vigilance against dengue as areas in the Visayas and Mindanao record a sharp rise in the number of cases. Go, who chairs the Senate Committee on Health and Demography, at the same time, urged those who are in need of medical...
The World Bank said the Philippine government’s debt load remains manageable despite recent acceleration amid the prolonged pandemic. Even it has ballooned, Kevin Chua, World Bank senior economist noted that the government’s debts are mostly held by Filipino creditors, long-dated IOUs and...
Senator Sherwin Gatchalian on Wednesday called on the Bureau of Internal Revenue (BIR) to launch a massive crackdown on mulcting officials and personnel, victimizing not just large corporations, but even small businesses. “Marami sa ating mga maliliit na negosyante ay kinikikilan ng ilang hindi...
