Around 15 personnel from the Local Government Unit of Tampilisan in Zamboanga del Norte have finished training on a technology that converts solid wastes into useful products, the Department of Science and Technology (DOST) said. (Photo courtesy of DOST) In a statement, DOST stated that they have...
The Bureau of the Treasury closed its retail bond offering ahead of schedule after demand reached more than government’s target. National Treasurer Rosalia V. De Leon announced on Wednesday, Feb. 15, that the bureau raised P283.71 billion through the sale of 5.5 year retail treasury bond...
The Department of Budget and Management (DBM) said that given the increase the increase in national tax allotment (NTA) shares, local government units (LGUs) will see a stronger exercise of autonomy once the full devolution is implemented. In a statement on Wednesday, Feb. 15, Budget Secretary...
The Civil Service Commission (CSC) has promulgated the implementing rules and regulations (IRR) granting night shift differential pay to government employees. Commuters wait for their ride along Riverside, Commonwealth Avenue, on June 7, 2022. This is the same situation in many parts of Metro...
Benchmark yields for short-term loans rose, prompting the Bureau of the Treasury to borrow less than planned. At Monday's auction of Treasury bills on Feb. 13, the national government raised P14.6 billion, below the P15 billion program. Total demand reached P32.2 billion The 91-day Treasury bill...
The Department of Budget Management (DBM) said the national government will help capacitate local government units (LGUs) in the process of devolution of government services until full implementation. In a statement on Monday, Feb. 13, Budget Secretary Amenah F. Pangandama said the DBM will conduct...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) initiated a dialogue with the Clark Development Corp. (CDC) to come up with an amicable solution to the Compensation and Position Classification System (CPCS). In a statement, Alex L. Quiroz, GCG chairperson said they...
Department of the Interior and Local Government Secretary Benjamin “Benhur” Abalos Jr. and Indian Ambassador Shambhu Kumaran signed a memorandum of agreement (MOA) on Tuesday, Feb. 7, granting the Philippine government $50,000 each for its quick impact projects. In a press briefing, Abalos...
Small Filipino savers wanting to take a piece of the government’s retail Treasury bond (RTB) sale would earn higher interest rates than prevailing market rates. The Bureau of the Treasury launched on Tuesday, Feb. 7, the government’s new 5.5 year RTB, raising an initial P162.2 billion as total...
Civil Service Commission (CSC) Chairperson Karlo Nograles took part in the recent Global Government Summit (GGS), meeting with global senior government officials in the event held in Singapore. Philippine Civil Service Commission (CSC) Chairperson Karlo Nograles had a bilateral meeting yesterday...
Benchmark yields for short-term loans moved sideways, but fell below secondary market rates. At Monday's auction of Treasury bills on Feb. 6, the national government raised P15 billion as programmed after total demand reached P37.78 billion The 91-day Treasury bill rate increased slightly to 4.186...
The Government Service Insurance System (GSIS) posted a record-high P6.8 billion gross premium written (GPW) in its non-life insurance business for last year as more agencies move to secure state-owned assets, making the pension fund the country's largest non-life insurer in the country. In a...
