The government increased its borrowing from local creditors to take advantage of strong bids, despite the generally higher yields. The Bureau of the Treasury offered P20 billion in three-, six-, and 12-month IOUs. After reviewing the bids, the auction committee accepted additional offers for the...
Quezon City Mayor Joy Belmonte will join the city leaders from Southeast Asia and lead the upcoming C40 Cities SEA CAI Regional Academy to talk about fighting against the climate crisis in Quezon City from September 2 to 6. Joining Belmonte in leading the event is another prominent woman leader,...
The Marcos administration successfully completed its second offshore commercial borrowing, raising $2.5 billion, the Department of Finance (DOF) announced. In a statement on Thursday, Aug. 29, the DOF reported that Manila sold notes maturing in 5.5 years and 10.5 years, along with 25-year debt...
The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
The Marcos administration has launched a three-tranche US dollar-denominated bond offering, marking its second foray into the international debt markets this year. According to a report from Moody's Ratings, the bonds will mature in 2030, 2035, and 2049. Notably, a portion of the 25-year debt is...
Pasig City Mayor Vico Sotto reminded Pasigueños, especially parents, of the existing guidelines in the city regarding the automatic cancellation or suspension of classes and work in schools during disasters or natural calamities. On Tuesday, August 27, Sotto mentioned Executive Order No. PCG-43,...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has called on his colleagues in Congress to swiftly approve the measure seeking to mandate local government units (LGUs) to allot a portion of their...
President Marcos' chief economic manager said that his directive to remit unused funds from government-owned and controlled corporations (GOCCs) is prudent to improve resource management and minimize reliance on additional borrowing. In a recent radio interview, Finance Secretary Ralph G. Recto...
Pasig City Mayor Vico N. Sotto now has two graft complaints filed against him before the Office of the Ombudsman (OMB). The graft charge that was received by the OMB last July 30 involved the receipt by Pasig City employees of commemmorative t-shirts instead of P1,500 cash allowance during the 2024...
State-run Government Service Insurance System (GSIS) said it plans to broaden its insurance program to cover additional government-owned properties aside from public schools. Wick Veloso, GSIS president and general manager, stated that they intend to expand the coverage of the National...
Senator Alan Peter Cayetano urged the government to implement a more efficient approach in distributing financial assistance noting how administrative costs are eating up on the funds instead of benefitting Filipinos in need. Cayetano said with the government agencies’...
The measure seeking to fully digitalize government transactions has advanced further in the Senate following the formal filing of the committee report consolidating all bills on e-governance. Sen. Alan Peter Cayetano, chairman of the Senate Committee on Science and Technology, introduced...
