Happening in CCP this Nov. 5 In commemoration of the 75th anniversary of the establishment of diplomatic relations between France and the Philippines, the Cultural Center of the Philippines (CCP) and the French Embassy come together in celebration of dance with the CCP Dance Series’ Premieres and...
The national government borrowed less than programmed at lower interest rates. At Monday's auction of Treasury bills, Oct. 24, the national government awarded only P6.65 billion, equivalent to only 44.36 percent of the national government’s P15 billion program for the week. The bellwether 91-day...
The national government borrowed P35 billion from the domestic market despite higher returns. The benchmark coupon rate on debt falling due in 10-years rose to 7.5 percent from 6.75 percent when same instrument was sold in last Sept. 13. Likewise, the yield is slightly higher than the 7.202 percent...
The amount of subsidy the Marcos administration extended to government owned and controlled corporations (GOCCs) was slashed by more than half in August, but bulk of it went to the Philippine Health Insurance Corp. (PhilHealth). Based on the Bureau of the Treasury data, financial support extended...
After more than 100 days, President Marcos said he is still in the process of transitioning and rightsizing the government, which is why he is yet to fill certain slots in his Cabinet, including the recently vacated Office of the Press Secretary (OPS). President Marcos and Press Undersecretary...
The Office of the Press Secretary (OPS) has committed to deliver "factual and prompt" information on calamities in times of emergency and disaster. Office of the Press Secretary (OPS) officer-in-charge Undersecretary Cheloy Velicaria-Garafil (Photo courtesy of the OPS) The government's lead...
The Office of the Press Secretary (OPS) said that it will be implementing programs to combat the spread of fake news in the country after recognizing that the circulation of erroneous content is a problem that must be resolved. Office of the Press Secretary officer-in-charge Undersecretary Cheloy...
The Bureau of the Treasury made a partial award for the benchmark interest rate on debt falling due in seven years. The coupon rate of the new seven-year Treasury bonds was set at seven percent, higher than the 6.778 percent quoted in the secondary market, based on the PHP Bloomberg Valuation...
The best local government units in the country converge in the 1 st Masskara Festival National Inter-Province Cities and Municipalities Chess Team Championships from Oct. 12 to 16 at the Forest Park Resort in Bacolod City. The five-day event will stake more than P600,000 in cash prizes courtesy...
The Senate finance sub-committee on Monday, Oct. 10, 2022, lamented the sorry state of the government’s broadcast stations that had been operating on a shoe-string budgets through the years. This as Senator Joseph Victor ‘’JV’’ Ejercito, committee chairman, vowed to help the Office of the...
The national government partially borrowed on Monday, Oct. 10, after benchmark yields for short-term loans moved sideways. At Monday's auction of Treasury bills, the Bureau of the Treasury awarded only P3.965 billion, well below the programmed P15 billion. National Treasurer Rosalia V. De Leon said...
The debt service bill of the Marcos administration declined in August after amortization payments weakened, data from the Bureau of the Treasury showed. Total debt payments hit P68.3 billion in August this year, down nine percent compared with P75.08 billion in the same month last year, the...
