TAKING THE LEAD IBF chairperson Pamela Louise Manalo Not a lot of events can get me to willingly leave my bed before 6:30 in the morning but the annual International Bazaar hosted by the International Bazaar Foundation (IBF) is one of the very few that can. Coordinated by the International Bazaar...
The Government Service Insurance System (GSIS) partnered with the Japan International Cooperation Agency (JICA) to enhance the safeguarding of public properties and assets from disasters. In a statement, Wick Veloso, GSIS president and general manager, said the pension fund has finalized a...
State-owned Government Service Insurance System (GSIS) has issued guidelines for providing emergency loans (EL) to both active members and pensioners. In a memorandum dated Nov. 22, 2023, GSIS said eligible borrowers may receive emergency loans worth P20,000, and those with existing EL accounts who...
The Philippines will benefit from the new credit line approved by the World Bank that aims to minimize the impact of major natural disasters and health crises on the domestic economy, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the $500-million standby credit...
The array of development and technical assistance being extended by the Energy Secure Philippines (ESP) program of the United States Agency for International Development (USAID) has been facilitating the integration of energy permitting processes of the local government units (LGUs) into the energy...
The Government Service Insurance System (GSIS) announced it has opened its emergency loan program for members and pensioners affected by the earthquake in two regions in Mindanao. In a statement, Wick Veloso, GSIS president and general manager said a total of 171,341 members and 27,962 pensioners...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
The Bureau of the Treasury has surpassed its borrowing target with the sale of the government's first tokenized bonds. Deputy National Treasurer Erwin D. Sta. Ana reported that the government's sale of one-year tokenized Treasury bonds reached P15 billion, surpassing the initially planned amount of...
The Government Service Insurance System (GSIS) has announced that it will begin distributing Christmas cash gifts to its old-age and disability pensioners on Dec. 6. In a statement, Wick Veloso, GSIS president and general manager said the pension fund has allocated a total of more than P3.47...
The Bureau of the Treasury has decided to cancel its short-term borrowing plan for next week to give way for the government's maiden offering of blockchain-backed debt instruments. In a notice signed by Deputy National Treasurer Erwin D. Sta. Ana, the bureau has announced the cancellation of...
In a move towards embracing digitalization, the Bureau of the Treasury is set to launch its maiden tokenized bond issuance, aiming to raise at least P10 billion. In a statement, the Treasury said these digital peso-denominated IOUs will be offered with a minimum denomination of P10 million, which...
The Securities and Exchange Commission (SEC) and the Department of the Interior and Local Government (DILG) have joined forces to empower local government units (LGUs) in tackling investment scams and promoting financial literacy across the country. The SEC and the DILG signed a memorandum of...
