The Muntinlupa City government and the Department of Science and Technology-National Capital Region (DOST-NCR) signed a deed of usufruct that will allow the latter to establish a regional office in the city. Under the deed, the Muntinlupa City government has allocated 700.45 sq. m. of its land for...
As the pandemic begins to slowdown and the economy further reopens, the national government’s borrowing requirement was significantly reduced in April mainly due to less financing coming from overseas lenders. Data from the Bureau of the Treasury on Sunday, June 5, showed that the government...
As the country’s debt stock continued to rise in April, Malacañang said Thursday that reducing the Philippine debt remains the government's priority. In fact, Communications Secretary Martin Andanar said, the Duterte administration’s economic team already “proposed a fiscal consolidation and...
The national government’s debt stock continued to rise in April this year, driven mainly by additional borrowings from both local and foreign creditors as well as the weakening peso against the US dollar, the Bureau of the Treasury reported. As of April 2022, the government’s total outstanding...
One notable law signed by President Rodrigo R. Duterte early this month is Republic Act No. 11765, otherwise known as the Financial Products and Services Consumer Protection Act (FCPA), which gave three financial regulators the power to speed up addressing consumers’ complaints against financial...
Appointments made by government agencies after May 9 up to June 30, 2022 shall be disapproved or invalidated, the Civil Service Commission (CSC) said on Tuesday, May 17. Voters cast vote at Legarda Elementary School in Sampaloc, Manila on May 9, 2022(Ali Vicoy) In a statement, CSC said that this...
President Duterte has signed into law the bill granting government employees a night-shift differential at a rate not exceeding 20 percent of the hourly basic rate of the employee. President Duterte (Malacañang photo) Duterte signed Republic Act (RA) No. 11701 on April 13, but the copy was...
The looming increase in the Bangko Sentral ng Pilipinas’ (BSP) policy rates caused the Philippines' benchmark borrowings yields to rise, prompting the Bureau of the Treasury to reject all tenders. At the Treasury bureau’s auction on Monday, May 16, the national government failed to raise P15...
To promote the efficient delivery of services, especially amid the ongoing Covid-19 pandemic, Malacañang has ordered all government offices to adopt digital payments for their respective disbursements and collection. Photo from PIXABAY Executive Secretary Salvador Medialdea signed President...
Debt payments by the national government declined significantly in the first-quarter due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P313.65 billion in January to March, or 40 percent lower than the P521.51 billion paid out in...
(PIXABAY) The Department of Social Welfare and Development (DSWD) will resume the implementation of the Government Internship Program (GIP) this month after its deferment in 2020 and 2021 in consideration of the safety and protection of the youth from Covid-19. GIP is one of the components of the...
Benchmark interest rates rose across the board at Monday's auction of short-term government debt papers on the back of higher consumer prices. The yield on the 91-day Treasury bill, which banks use in pricing their loans, moved up to 1.531 percent from 1.272 percent a week ago. The government...
