The government made a full award of the reissued 10-year debt papers it auctioned off on Tuesday at a lower interest rate. The Bureau of the Treasury (BTr) raised P30 billion as planned from the reissued ten-year bonds it offered on Tuesday. The bonds, which have a remaining life of five years and...
President Marcos has ordered government agencies and Philippine embassies to work closely with each other to secure all affected Filipinos in the ongoing conflict between Israeli forces and Hamas militants. Israel Ministry of Foreign Affairs (Facebook) Malacañang said Marcos told the departments...
Senator Francis “Chiz” Escudero is now pushing for a bill providing for an automatic promotion of government employees upon retirement. In filing Senate Bill No. 297, Escudero proposes to grant a promotion of one salary grade level higher than the employee’s position at the time of...
The government's chief economic manager expects better growth in the second half of the year as public spending picks up after a slow start in 2023. Finance Secretary Benjamin E. Diokno said the gross domestic product (GDP) growth rate from July to December could surpass the average of 5.35 percent...
Senator Francis “Tol” Tolentino believes that barangay officials should always carry with them a checklist or some sort of crib notes so they may never forget their mandates. This was the senator's message to Local Government Academy (LGA) Assistant Director Esmeralda Purnell on Saturday, Oct....
State-run Government Service Insurance System (GSIS) released a memorandum circular concerning revised check replacement policies. According to GSIS' memorandum circular -49-2023, the Policy and Procedural Guidelines (PPG) would cover all claims or refunds as well as miscellaneous checks. This also...
Land titles from the state-run Government Service Insurance System (GSIS) were given to at least 70 beneficiaries under the Pabahay sa Bagong Bayaning Manggagawa (PBBM) initiative. The PBBM initiative is a GSIS housing program that was introduced last May. It is a three-tiered strategy to support...
President Marcos on Wednesday, Oct. 4, asked local government units (LGUs) to draw inspiration from Taguig City’s urban farming initiatives in a bid to boost food security and conservation efforts. President Ferdinand Marcos Jr. leads the distribution of confiscated rice to 1,000 members of 4Ps...
President Marcos directed government agencies and local government units (LGUs) to support senior citizen activities during the annual celebration of the Elderly Filipino Week. Through Memorandum Circular No. 34 dated Sept. 29 and signed by Executive Secretary Lucas Bersamin, Marcos ordered the...
Should legislation to regulate the allocation of confidential and intelligence funds (CIF) be pursued, Senate President Juan Miguel Zubiri believes that local government units (LGUs) shouldn't be spared from it. "If you come up with a law, I will suggest na isama ang LGUs (that LGUs be included),"...
The national government's debt rose by double digits last August, driven by higher borrowings from both local and foreign lenders, the Bureau of the Treasury reported. The government's outstanding debt reached P14.349 trillion as of August 2023, a 10 percent increase from P13.021 trillion in the...
The Department of Budget and Management (DBM) said that the country’s procurement law should be more attuned to the changing times, citing the need for amendments amid the digitalization era. The proposed amendments to the 20-year-old Government Procurement Reform Act (GPRA) have already been...
