The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
(MANILA BULLETIN) ACT Teachers Party-list Rep. France Castro is prodding the Department of Health (DOH) to fill the 4,000 vacant plantilla positions for nurses in government-run hospitals with the over 13,000 contractual nurses in the country. DOH Secretary Ted...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
A Muntinlupa City Council committee wants the Skyway management to stop its construction of an off-ramp widening project in the city due to lack of permits. The project will result in narrowing of a portion of the West Service Road that will affect traffic flow. The Committee on...
The government sold all its short-term debt papers after interest rates dropped. On Monday, Sept. 4, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P15 billion as planned. The total bids reached P47.56 billion, an oversubscription of nearly two times the...
The bill seeking to lower the compulsory and optional retirement age for government personnel requires a comprehensive study to ensure that the policy would be sustainable as majority of public workers are deemed supportive of the measure. Sen. Sherwin Gatchalian (Senate PRIB Photo) ...
The Bureau of the Treasury reported that government subsidies to state-owned companies increased in July, with the majority of the funds being used to support the universal healthcare program. The national government provided P33.24 billion in financial aid to government-owned and controlled...
The Bureau of the Treasury has assigned two state-owned banks to arrange the upcoming launch of a retail dollar bond (RDB) offering. The Land Bank of the Philippines and the Development Bank of the Philippines (DBP) are tasked with leading and managing the retail bond sale targeting small...
(MANILA BULLETIN) Did you know that a total of 143 local government units (LGUs) in the country don't have fire stations? Congressmen learned about this during the House Committee on Appropriations' deliberation on the 2024 budget of the Department of the Interior...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
How would you feel if the government were to borrow some of your hard-earned savings from the banks? Well, generally, banks do not take your feelings into consideration. In reality, they are allowed to utilize the savings of their depositors, which are sitting idle in their vaults, and invest them....
