The national government sold all the short-term debt papers it offered, taking advantage of lower interest rates. On Monday, Sept. 18, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P15 billion, the intended target. The total bids received...
The Marcos administration's July borrowings dropped by almost a quarter, mainly due to a reduction in loans acquired from local creditors. According to the Bureau of the Treasury, government borrowing in July amounted to P131.94 billion, a 24 percent decrease from the P174.95 billion recorded in...
The Government Service Insurance System (GSIS) is leasing out two real estate properties in Ortigas Center, Pasig City for over P83 million per year. According to a notice on the GSIS website, these properties are located at the intersection of Doña Julia Vargas and Meralco Avenue, Brgy. Ugong,...
Economists and financial experts have emphasized the importance of the debt-to-GDP ratio as a crucial economic indicator, surpassing the significance of the nominal amount of debt held by the government. Traditionally, the focus has been on the nominal amount of debt, which simply measures...
The Government Service Insurance System (GSIS) has sold its property in Sta. Mesa to the Social Housing Finance Corp. (SHFC) for the construction of an affordable high-rise condominium project. In a statement, GSIS President and General Manager Wick Veloso said that SHFC purchased the pension...
The Philippine government plans to borrow $1 billion from the Islamic debt market, marking the country's first venture into this type of financing, the Bureau of the Treasury said. In a briefing in Dubai, National Treasurer Rosalia V. de Leon said that Manila aims to raise approximately P56.6...
The national government has successfully borrowed funds through short-term loans amid relatively stable interest rates. On Monday, Sept. 11, the Bureau of the Treasury executed its auction by fully awarding P15 billion worth of Treasury bills, with demand for three-, six-, and 12-month IOUs totaled...
Finance Secretary Benjamin Diokno has issued a call for responsible social media use among government officials and employees, highlighting the potential consequences of hasty online posts. Speaking from his experiences serving in multiple administrations, Diokno emphasized the importance of...
An employee of the Muntinlupa City government placed in the top 5 of the Basic Competency on Local Treasury Examination (BCLTE). Niña Alviar, a certified public accountant who works in the Office of the City Treasurer, scored 91.38 percent to place fifth among 5,626 examinees in the...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
Government debt reached P14.24 trillion in July this year due to continued borrowing, but the peso's appreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by 10 percent in July from P12.89 trillion...
State-run Government Service Insurance System (GSIS) has made it mandatory for all government agencies to join its program which offers increased credit limits, extended repayment periods, and simplified application requirements. This directive was issued through GSIS Memorandum Circular No. 048,...
