Presidential Communications Operations Office (PCOO) Secretary Martin Andanar is optimistic about the future of the government's media and communications industry in the Philippines as various programs and projects under the Duterte administration are now in progress. RODRIGUEZ_03172022-28...
Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans. At Monday’s auction, March 28, the yield on the 91-day Treasury bill, which banks use in pricing their loans, rose to 1.587 percent from 1.536 percent a week ago. The government accepted P5...
Dividends remitted by government-owned or controlled corporations (GOCCs) surpassed its pre-pandemic collection last year, driven by the fiscal discipline imposed on state-run firms, the Department of Finance (DOF) said. Data from the DOF’s Corporate Affairs Group (CAG) showed on Monday, March...
PhilHealth, PCIC accounting norms monitored By Chino S. Leyco The Insurance Commission (IC) is closely monitoring the compliance of the Philippine Health Insurance Corp. (PhilHealth) and the Philippine Crop Insurance Corp. (PCIC) with the directive of the Department of Finance (DOF) to adopt...
Independent presidential candidate and Senator Panfilo "Ping" Lacson said he will reform the controversial pork barrel system as well as the ugly culture of patronage politics in the Philippines should he win the presidency in the May 2022 elections. To do this, Lacson sought the cooperation of his...
Presidential candidate Vice President Leni Robredo emphasized the importance of the national government's partnership with the local communities and the church in addressing teenage pregnancy. Filipino pregnant mothers (MANILA BULLETIN FILE PHOTO) During the CBCP Presidential Forum aired Friday...
Senator Imee Marcos on Thursday, March 24 bared that "many" individuals, "who initially did not want to serve in the government," have now expressed interest to be Cabinet members of a possible Ferdinand "Bongbong" Marcos Jr. administration. Imee said during the Pandesal Forum that "many are now...
The Duterte administration has “successfully” completed its three-tranche foreign commercial borrowing on the back of volatile financial markets overseas, the Bureau of the Treasury announced. The Treasury bureau said Tuesday, March 22, that the government raised $2.25 billion, or roughly P118...
The Duterte administration will sell fresh debt papers to overseas investors, including the government’s maiden green bond issue, a document from the Bureau of the Treasurer revealed. Based on a Treasury document obtained by reporters on Monday, March 21, the government is planing to raise funds...
Loan releases by State-run Government Service Insurance System (GSIS), the pension fund for government workers, jumped to P151 billion in 2021, driven mainly by support to members who have reached borrowing limit and unable to pay loans. In a statement, Rolando Ledesma Macasaet, GSIS president and...
The national government substantially increased the amount of subsidy it extended to government owned and controlled corporations (GOCCs) last January, particularly to the National Irrigation Administration (NIA). Financial support extended to the state-owned companies accelerated in the first...
The Department of Science and Technology (DOST) together with the Department of the Interior and Local Government (DILG) will carry out an information caravan dubbed as MAGHANDA or the Meteorological and Geological Hazard Advisories, Warning, and Notifications for Decisive action throughout the 17...
