The Government Service Insurance System (GSIS) has confirmed a security incident that compromised the administrator account of one of its test computers. According to the state-owned pension fund, the breach was reported on Thursday, Sept. 12, at 5:20 PM. While the extent of the breach is...
The World Bank is committed to extend to the Philippines more loans, possibly blended with grants to slash interest costs, in order to bankroll flood control as well as climate change mitigation and adaptation projects as extreme weather poses a bigger threat to Filipino lives and livelihoods....
Close to P158-million of assistance were given to farmers and fisherfolk in Ilocos Norte to boost agriculture production in the province. President Ferdinand 'Bongbong' Marcos Jr. leads the distribution of assistance to farmers and fisherfolk in Ilocos Norte on Sept. 11, 2024. (Noel Pabalate)...
The Department of Budget and Management (DBM) has released P31.93 billion for salary increase for government employees as of Tuesday, Sept. 10. The DBM said it has begun distributing funds for salary adjustments, and the implementation is now underway across government agencies. This came after...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has filed a measure in the House of Representatives that aims to enable the retroactive application of salary increases for employees of local government...
The government's reissued Treasury bonds (T-bonds) were met with strong investor demand on Tuesday, Sept. 10, as the offering's lower interest rates aligned with a more manageable inflation environment. The Bureau of the Treasury successfully raised P30 billion as planned through the auction of the...
House Speaker Martin Romualdez (center, seated) with the 17 governors (Speaker’s Office) Several provincial governors have accepted the challenge of House Speaker Martin Romualdez to adopt an intensified whole-of-government approach in fighting...
The Marcos administration lowered its financial support for government-owned and -controlled corporations (GOCCs) in July, data from the Bureau of the Treasury showed. The Treasury report revealed that the national government allocated P10.92 billion to support state-owned companies in July, a 69...
There is no official request yet from the Indonesian government regarding the prisoner swap involving dismissed Bamban, Tarlac mayor Alice Guo, or Guo Hua Ping, and Australian drug trafficker Gregor Johann Haas, who is wanted in Indonesia, the Presidential Anti-Organized Crime Commission (PAOCC)...
The World Bank is crafting its lending plan for the Philippines covering the years 2025 to 2028, the period during which the country will likely rise to upper middle-income status and gradually lose access to preferential borrowing rates. The World Bank Group Philippines Country Partnership...
State-owned Government Service Insurance System (GSIS) announced that it would extend its emergency loan program to members and pensioners affected by Typhoon "Enteng." According to the state pension fund, the loan would provide financial relief for areas declared under the state of calamity. The...
Government debt soared to a record high in July, driven by the depreciating peso against the US dollar that contributed to the double-digit rise in foreign obligations. Data from the Bureau of the Treasury, released on Wednesday, Sept. 3, showed that the national government's outstanding debt...
