Presidential candidate Senator Panfilo "Ping" Lacson said he is upbeat that prosperous municipalities can now easily apply for cityhood with the new law that eases requirements converting municipalities to component cities. Lacson said Republic Act 11683, which lapsed into law on April 10, 2022, is...
The national government's budget deficit declined in the first three-months of the year after revenues grew by double-digits, outpacing the increase in public spending, the Bureau of the Treasury reported. On Wednesday, April 27, the Treasury bureau showed that the government incurred a P316.8...
IMUS CITY, Cavite – The local government unit inaugurated the new Imus City Government Center in Barangay Malagasang 1-G on Monday, April 25. The ceremony was led by Mayor Emmanuel Maliksi, Vice Mayor Arnel Cantimbuhan, Commissioner Ryan Alvin Acosta of the Civil Service Commission, and...
The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose. At a Bureau of the Treasury auction on Tuesday, April 26, the yield for the 10-year Treasury bond went up to 6.313 percent from 6.092 percent last March 29 when the IOU was last sold....
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
The national government raised P15 billion through the sale of short-dated debt papers. At the Bureau of the Treasury auction on Monday, April 25, yields on three- and six-month debt papers went down, while bids for the one-year IOU rose. The yield on the bellwether 91-day Treasury bill, which...
Filipino voters don’t have to endure another six years of bad governance if they elect the right leader this time around in the person of presidential candidate Panfilo "Ping" Lacson, senatorial aspirant Emmanuel "Manny" Piñol said. Piñol, a former Agriculture secretary, made a pitch for a...
DOH/MB Voters who are found exhibiting symptoms of Covid-19 should be referred to their respective local government units (LGUs) after they cast their votes in the upcoming May 9 elections, the Department of Health (DOH) asked the Commission on Elections (Comelec). DOH Undersecretary Maria Rosario...
Several Korean private companies are heading to Mindanao to build partnerships with fellow private firms there, the Embassy of the Republic of Korea in the Philippines said Wednesday, April 20. Korean Ambassador to the Philippines Kim In Chul (Photo courtesy of Embassy of the Republic of Korea in...
Benchmark interest rates moved sideways as investors tend to be concerned about a potential hawkish policy stance by the US Federal Reserve. At an auction of Treasury bills on Monday, April 18, the bellwether 91-day rate, which banks use in pricing their loans, dropped to 1.223 percent from 1.250...
Should he win in the upcoming May 2022 senatorial race, Sorsogon Governor Francis “Chiz” Escudero said he will pursue amendments to the Local Government Code of 1991 to give local government units (LGUs) more power and autonomy. The law, which has been substantially unchanged for 31 years,...
The Philippine government sold its second “green” bonds, this time in the Japanese debt market through a four-tranche yen-denominated offering, the Bureau of the Treasury announced on Wednesday, April 13. The bureau said the government raised ¥70.1 billion, roughly P28.95 billion, via a...
