The national government’s debt soared in May due to the depreciation of the Philippine peso and the government's net financing during the period, the Bureau of the Treasury reported on Thursday, July 4. Data released by the treasury showed that the latest debt balance reflects a P330.39 billion,...
Enstack, an AI-powered business management app, said it will help drive the digital transformation of local entrepreneurs in Quezon City, enabling them to thrive in an increasingly digital marketplace. In a statement on Wednesday, July 3, Enstack said the initiative aims to support over 100,000...
Camarines Sur 2nd district Rep. LRay Villafuerte (Rep. Villafuerte's Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte said local government units (LGUs) will have more resources to spend next year on programs benefitting senior citizens, persons...
The Marcos administration’s borrowings surged in May due to the government’s maiden offshore bond sale this year, data from the Bureau of the Treasury showed. According to the Treasury, gross financing rose by 77 percent to P259.33 billion in May from the P146.78 billion recorded in the same...
The Department of Budget and Management (DBM) has instructed government agencies with low budget utilization rates to submit their catch-up plans. In a DBM circular letter dated June 28, the budget department ordered heads of departments, agencies, bureaus, and offices of the national government to...
The Government Service Insurance System (GSIS) vowed seamless services for its members and pensioners amid natural disasters. Wick Veloso, GSIS president and general manager, said that part of the pension fund's ongoing digital transformation efforts is to enhance its disaster recovery and...
The Marcos administration plans to raise P630 billion in the third quarter of the year by issuing treasury bills and bonds. Based on the Bureau of the Treasury memorandum, the government aims to secure P260 billion through treasury bills auctions scheduled from July to September. The bureau also...
President Marcos vowed that his administration will continue extending help to Antiqueños amid the progress being felt by the province in terms of infrastructure and the challenges its people face due to the El Niño phenomenon. President Ferdinand 'Bongbong' Marcos Jr. speaks at the...
SAGIP Party-list Rep. Rodante Marcoleta (Facebook) SAGIP Party-list Rep. Rodante Marcoleta can’t help but think that there is preferential treatment on the Department of the Interior and Local Government (DILG) given their seemingly...
Senators on Tuesday, June 25 welcomed the dismissal of the remaining drug cases that have been hurled against former senator Leila De Lima. Senate President Francis “Chiz” Escudero said he is hoping that De Lima would still join in the upcoming 2025 senatorial elections and win a...
The Department of Finance (DOF) said that Sumitomo Mitsui Banking Corp. (SMBC) may collaborate with the Marcos administration on its borrowing activities. In a recent Facebook post, the DOF disclosed that Finance Secretary Ralph G. Recto met with SMBC and SMBC Nikko senior executives to explore...
The government’s expenses for infrastructure projects increased in April this year driven by flood control projects and foreign-assisted projects, the Department of Budget and Management (DBM) said. The national government's total infrastructure and other capital outlays amounted to P118.9...
