Government borrowings accelerated in November last year mainly due to increased domestic financing, data from the Bureau of the Treasury revealed. Gross borrowings of the Marcos administration amounted to P97.87 billion in November alone, up 266 percent from only P26.69 billion in the same month in...
The Department of Human Settlements and Urban Development (DHSUD) has signed an agreement with the Baguio City government for the construction of a township housing project that would benefit around 10,000 informal settler families (ISFs) and low-income earners. DHSUD Secretary Jose Rizalino Acuzar...
Senate Minority Leader Aquilino Pimentel III finds the request of Department of Interior and Local Government (DILG) Secretary Benhur Abalos for courtesy resignation of all Philippine National Police (PNP) generals and colonels amid possible illegal drugs links as ‘’very strange and too...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has asked the Civil Aviation Authority of the Philippines (CAAP) to submit its report over the severe system failure at the Ninoy Aquino International Airport (NAIA). In a statement released on Wednesday, Jan. 4, GCG...
The strengthening of the peso against the US dollar in November helped soften the rise in government debt, the Bureau of the Treasury reported. Based on the Treasury report on Tuesday, Jan. 3, the outstanding debt of the national government stood at P13.644 trillion at end-November, up by a...
Today, the start of a new year, we are unified by hope and willing to work toward the same goal – a better economy and a better life for all. Despite the significant increases in the prices of fuel, food, and services, 92 percent of Filipinos said they will face the new year with hope, according...
State-run Government Service Insurance System (GSIS) announced on Thursday, Dec. 29, that the pension fund will grant educational assistance to kin of its members. Wick Veloso, GSIS president and general manager said they will release P100 million in financial aid to 10,000 qualified children of...
The Marcos administration is planning to borrow P200 billion from domestic creditors in the first month of next year to finance the government’s budget deficit, data from the Bureau of the Treasury showed. Based on a Treasury memorandum posted on its website, the national government has raised...
The Danish government has lauded the Philippines for its efforts to comply with the standards set by the European Maritime Safety Agency (EMSA) for Filipino seafarers. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang Photo) Danish Ambassador Franz-Michael “Dan-Dan” Mellbin reaffirmed his...
State-run Government Service Insurance System (GSIS) is offering a housing loan and restructuring program for home loan borrowers and installment sale for buyers of its retail housing units. In a statement, Wick Veloso, GSIS president and general manager, said the two new programs aim to assist the...
CEBU CITY – Regular employees of the Cebu provincial government will have an extra cash to shell out for the holidays. The Provincial Board (PB) on Thursday, Dec. 22, approved the P13.8-million supplementary budget for the Special Recognition Incentives (SRI) for Capitol workers qualified to...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) has set sight on a new vision and strategy that is aligned with President Marcos’ directive. Alex L. Quiroz, GCG chairperson said the commission is taking on the challenge to be an esteemed institution for corporate...
