Typhoon Ulysses’ damage to the agriculture sector is still rising more than a week since this year’s deadliest typhoon to hit the Philippines made landfall, and a group thinks it’s okay to blame it all on the government. Based on the latest data from the Department of Agriculture's (DA)...
The Bangko Sentral ng Pilipinas’ (BSP) pandemic-related monetary financing must be something that the central bank will only consider as a last resort, an International Monetary Fund (IMF) official said. IMF Resident Representative to the Philippines Yongzheng Yang said this stressing that the...
Government borrowings skyrocketed last month as the coronavirus pandemic continued to strangle revenue sources, data from the Bureau of the Treasury showed. (Photographer:Julian Abram Wainwright/Bloomberg file) Gross borrowings of the Duterte...
The politics of Sadness Illustrations by Ariana Maralit And in the remote capital of our wildest imagination, one day, to our collective shock, the government ceased all operations, focused only on the one thing none of us ever imagined would deserve its full attention: Sadness. “What...
The Procurement Service of the Department of Budget and Management (PS-DBM) has called on local companies to participate in the government-wide purchase of medical supplies for the COVID-19 response. As part of government’s effort to help local enterprises during the pandemic, the PS-DBM said it...
The national government’s debt soared by nearly half-a-trillion pesos last month amid the Duterte administration’s aggressive borrowings to fund the country’s coronavirus response, data from the Bureau of the Treasury showed. The outstanding debt of the national government stood at...
State-run Government Service Insurance System (GSIS) has launched a loan facility that offers low interest, enhanced loan consolidation feature, longer payment term and one-time waiver of surcharges. Rolando Ledesma Macasaet, GSIS president and general manager, said the new loan program gives...
State-run Government Service Insurance System (GSIS) announced the reopening of its COVID-19 Emergency Loan program to members and pensioners. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager, said the COVID-19 Emergency Loan program is accepting applications beginning...
The rewards of being a senior citizen in the Philippines Age, though a mere number, can feel like a terrifying, ticking time bomb for many. “Stop this train,” many youngsters would say, quoting American singer-songwriter John Mayer in their desire to stay young and seemingly...
Globe Telecom Inc. gets a boost for its expansion after hauling in 190 permits from 85 local government units (LGUs) in one month, this August. Of the 190 permits granted, ranging from Bangued, Northern Luzon to Butuan City, Northeastern Mindanao, 37 were given in record time by 17 local government...
The country’s largest organization of real estate and housing industry players expressed its support for the immediate passage of House Bills 3541 and 3837, which seek to create a Comprehensive Home Financing Program (CHFP) that will make all income-earning Filipinos entitled to fixed,...
