An orderly Senate that tackles priority measures is "exactly what we have been hoping for," President Marcos said. "Well, that is exactly what we have been all hoping for, that things become more orderly, na maging maayos ang takbo ng Senado (that Senate runs smoothly)," Marcos stated in an...
State-run think tank Philippine Institute for Development Studies (PIDS) is urging the government to overhaul its energy subsidy frameworks, warning that design flaws are allowing wealthy households and profitable private resorts to capture millions of pesos intended for marginalized consumers. In...
Malacañang has congratulated Sen. Sherwin Gatchalian after he formally assumed the Senate presidency, as it urged lawmakers to immediately act on priority measures of the Marcos administration. In a statement, Presidential Communications Office (PCO) Claire Castro said President Marcos wants...
President Marcos has called Congress to a special session on June 17 to urgently act on priority legislative measures aimed at strengthening social protection, expanding access to education and healthcare, and providing greater support to vulnerable Filipinos amid ongoing energy challenges and...
The government fully awarded its ₱40 billion offering of Treasury bills on Monday, as investors demanded higher yields amid mounting domestic inflation concerns and weakening currency. The Bureau of the Treasury raised the entire ₱40 billion on offer at its June 1 auction, staging a full...
Malacañang believes the passage of priority bills remains possible by June, at least on the executive department 's side. Palace Press Officer and Communications Undersecretary Claire Castro said there is no issue on the Palace 's side. But it cannot speak for the Senate, which,...
Malacañang said President Marcos is prepared to work with any Senate leader as long as the chamber’s actions are in the best interest of the Filipino people. Presidential Communications Office (PCO) Undersecretary Claire Castro said this after Senator Rodante Marcoleta’s statement that Senate...
Manila Electric Co. (Meralco) expressed support for initiatives aimed at improving electricity services and reducing consumer costs after progressive groups staged a protest outside its Pasig office on Tuesday, May 19, calling for lower rates and the repeal of the Electric Power Industry Reform Act...
Domestic lenders sought higher yields due to political uncertainty, such that the government fell short of its planned up to ₱33-billion borrowing from short-dated debt paper on Monday, May 18. The Bureau of the Treasury (BTr) raised just ₱25.4 billion during its latest treasury bills...
Motorists will need to ease up on the gas pedal as gasoline and diesel prices are expected to increase this week amid renewed geopolitical tensions. The Department of Energy (DOE) reported that gasoline prices will increase by ₱1.21 per liter, while diesel will go up by ₱2.82 per liter....
Manila Electric Co. (Meralco) is slightly lowering electricity prices this month, using billions of pesos in regulatory refunds and new tax breaks to shield consumers from the typical price spikes caused by the summer heat. The country’s largest power distributor announced on Wednesday, May 12,...
Malacañang said the change in the Senate leadership should not halt the passage of 21 priority bills identified during the previous leadership. Palace Press Officer and Communications Undersecretary Claire Castro said that just because there was a reorganization in the Senate, it does not mean the...
