The Bureau of Customs seized over 3,100 liters of unmarked fuels with a total worth of P10.5 million in Bataan after it failed to pass the fuel marking test. The Bureau of Customs (BOC) Intelligence and Investigation Service-Manila International Container Port (CIIS-MICP), along with agents from...
The Marcos administration amassed a total of P1.2 trillion in new debt during its first full-year in Malacañang. Data from the Bureau of the Treasury showed that the national government concluded 2023 with a total outstanding debt of P14.616 trillion, nine percent or P1.197 trillion higher...
The government successfully raised funds through the sale of short-term debt papers despite higher interest rates caused by recent volatility in the US dollar and peso. The 91-day Treasury bill saw an increase to an average of 5.398 percent compared to the previous week's 5.306 percent, yet the...
President Marcos urged government officials and workers to reach out to the people and listen to their grievances, so they can address the problems that affect the country. President Ferdinand ‘Bongbong’ Marcos Jr. waves to the crowd as he arrives at the Quirino Grandstand in Manila on Sunday,...
The United States government has partnered with the Philippine military and the provincial government of Cagayan in hosting a workshop that would enhance the town of Amulung’s capabilities and collaboration of civilian and military first responders during calamities. The Cagayan Disaster Response...
The Government Service Insurance System (GSIS) has announced its readiness to provide emergency loans to its members and pensioners in Mindanao who have been affected by heavy rainfall, leading to flash floods and landslides. In a statement, Wick Veloso, GSIS president and general manager, said...
Finance Secretary Ralph G. Recto has dismissed worries about the country's ballooning debt stock, affirming the government's capability to meet all maturing financial obligations. Recto said that the current total government debt, which amounted to P14.51 trillion as of November last year,...
The country's weather bureau said it is willing to work with civil society organizations to disseminate disaster risk awareness information to the marginalized sector. (PAGASA) In the event titled "MAGHANDA: Communicating Hazards, Risks, and Early Warning for Policymakers," the Philippine...
The Department of Finance (DOF) announced that the national government plans to borrow from small Filipino investors in the first three months of the year to cover its budget shortfall. In statement on Friday, Jan. 19, the DOF has stated that the Bureau of the Treasury is preparing to issue another...
Former Subic Bay Metropolitan Authority (SBMA) Chairman Jonathan Tan is now an undersecretary at the Department of the Interior and Local Government (DILG). MOVING — President Ferdinand 'Bongbong' Marcos Jr. administers the oath of office of Jonathan Tan as a new undersecretary at the...
The Department of Finance (DOF) reported a substantial increase in dividends remitted by state-run companies last year, with over half of the total amount came from the Bangko Sentral ng Pilipinas (BSP). Data from the DOF showed that government-owned or -controlled corporations (GOCCs) sent a total...
The Department of Budget and Management (DBM) is confident that the national government has achieved its infrastructure spending target for last year. In the latest national government disbursement performance report, the DBM stated that the overall infrastructure spending for January to December...
