The Presidential Communications Operations Office (PCOO) received on Tuesday various broadcasting equipment from the Chinese government aimed to expand the government's communication programs. PCOO Secretary Martin Andanar said the various equipment, which include 10-kilowatt FM band digital audio...
Starting June 15, the public sector may now choose to adopt flexible work arrangements anytime according to the Civil Service Commission (CSC). Commuters wait for their ride along Riverside, Commonwealth Avenue, on June 7 2022. This is the same situation in many parts of Metro Manila as the lack of...
Investors swarmed short-term government debt papers offer on Monday, June 6, as the Bureau of the Treasury partially awarded the one-year IOU at a higher interest rate. The yield on the 91-day Treasury bill, which banks use in pricing their loans, declined to 1.440 percent from 1.460 percent a week...
The Muntinlupa City government and the Department of Science and Technology-National Capital Region (DOST-NCR) signed a deed of usufruct that will allow the latter to establish a regional office in the city. Under the deed, the Muntinlupa City government has allocated 700.45 sq. m. of its land for...
As the pandemic begins to slowdown and the economy further reopens, the national government’s borrowing requirement was significantly reduced in April mainly due to less financing coming from overseas lenders. Data from the Bureau of the Treasury on Sunday, June 5, showed that the government...
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...
The national government’s debt stock continued to rise in April this year, driven mainly by additional borrowings from both local and foreign creditors as well as the weakening peso against the US dollar, the Bureau of the Treasury reported. As of April 2022, the government’s total outstanding...
One notable law signed by President Rodrigo R. Duterte early this month is Republic Act No. 11765, otherwise known as the Financial Products and Services Consumer Protection Act (FCPA), which gave three financial regulators the power to speed up addressing consumers’ complaints against financial...
Appointments made by government agencies after May 9 up to June 30, 2022 shall be disapproved or invalidated, the Civil Service Commission (CSC) said on Tuesday, May 17. Voters cast vote at Legarda Elementary School in Sampaloc, Manila on May 9, 2022(Ali Vicoy) In a statement, CSC said that this...
President Duterte has signed into law the bill granting government employees a night-shift differential at a rate not exceeding 20 percent of the hourly basic rate of the employee. President Duterte (Malacañang photo) Duterte signed Republic Act (RA) No. 11701 on April 13, but the copy was...
The looming increase in the Bangko Sentral ng Pilipinas’ (BSP) policy rates caused the Philippines' benchmark borrowings yields to rise, prompting the Bureau of the Treasury to reject all tenders. At the Treasury bureau’s auction on Monday, May 16, the national government failed to raise P15...
To promote the efficient delivery of services, especially amid the ongoing Covid-19 pandemic, Malacañang has ordered all government offices to adopt digital payments for their respective disbursements and collection. Photo from PIXABAY Executive Secretary Salvador Medialdea signed President...
