The Duterte administration has so far borrowed more than P1 trillion from foreign lenders for the government’s coronavirus response, the Department of Finance (DOF) said. As of Jan. 14, 2022, the national government already raised a total of $22.55 billion, or roughly P1.15 trillion, in budgetary...
The interest rate for long-term Philippine debt papers dropped to 4.089 percent from the 4.564 percent in December last year amid lingering anticipation over unwinding monetary policies in the United States. The Bureau Treasury reported on Wednesday, Feb. 2, that investors at the auction for the...
The Philippines incurred more debt last year, hitting nearly P12 trillion. The Bureau of the Treasury reported on Tuesday, Feb. 1, that the national government’s outstanding financial obligations rose 20 percent to P11.728 trillion at end-December from P9.795 trillion in the same period in 2020....
The Government Service Insurance (GSIS) on Monday, Jan. 31, said it will release a total of P100 million to 10,000 kins of members to augment their college expenses for the academic year 2021-2022. GSIS said each student will receive P10,000 from GSIS. "The P10,000 educational subsidy will bring a...
Philippine benchmark interest rates for short-term loans dipped amid expectations of slower inflation rate. At Monday's auction of Treasury bills on Jan. 31, the bellwether 91-day T-bill rate, which banks use in pricing their loans, slightly fell to 0.691 percent from 0.693 percent previously. The...
The country’s slow internet speed needs “government intervention” to eliminate the congressional franchise requirement and build common towers in hardship areas, presidential aspirant Vice President Leni Robredo said on Monday, Jan. 31. Vice President Leni Robredo (OVP photo) If she wins the...
PEACE MAKER Former Speaker of the House Jose C. De Venecia Jr. As of this writing, tensions between Russia and the United States and its NATO (North Atlantic Treaty Organization)allies are rapidly escalating, following reports of a massive Russian military build-up in the Russia-Ukraine border and...
The Las Pinas City government started the registration of children and students aged five to 11 on Saturday (Jan. 29). Las Pinas City Mayor Imelda Aguilar encouraged parents of minors belonging to the said age group to register them at the city’s “Bakunahan sa Kabataan” for them to get...
Aspiring president Vice President Leni Robredo stressed that investments will only dramatically rise if the country has a "strong and stable political and economic climate." Vice President Leni Robredo (OVP photo) In her speech during the Semiconductor and Electronics Industries in the Philippines,...
The government has set a deadline for unvaccinated and partially vaccinated workers in Metro Manila to complete their COVID-19 jabs to continue using public transportation under the "No Vaccination, No Ride" policy. (NOEL PABALATE / MANILA BULLETIN) In a joint statement, the Department of...
The benchmark interest rate on debt falling due in August 2028 rose at Tuesday's auction of the government IOUs at the Bureau of the Treasury. Bureau of the Treasury office Investors were willing to buy as much as P55.623 billion of the reissued seven-year Treasury bonds, nearly double the...
Benchmark interest rates declined anew as investors await the US Federal Reserve's meeting. At Monday's auction Jan. 24, the yields on short-term government debt papers, which banks use in pricing their loans, went down, with the returns on the 91-day Treasury bill fell to 0.693 percent from 0.875...
