Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
Former Department of the Interior and Local Government (DILG) Secretary Ismael Sueño, who backed President Duterte during the 2016 presidential elections, has thrown his support to Vice President Leni Robredo. Sueño was present in the campaign sortie of Robredo in Koronadal City in South...
Finance Secretary Carlos G. Dominguez III has commended former Social Security System (SSS) President and Chief Executive Officer Aurora Ignacio for her efforts in accelerating the pension fund’s digitalization processes for the benefit of its members. According to Dominguez, Ignacio spearheaded...
State-owned Social Security System (SSS) clarified that pensioners residing in the Philippines are still exempted from complying with the annual confirmation of pensioners’ program (ACOP) to continue receiving their monthly pensions. In a statement, Michael G. Regino, SSS president and chief...
The Social Security System (SSS) has extended operating hours of its branches in Metro Manila to improve frontline services following the influx of transactions. In a statement, newly-installed SSS President and Chief Executive Officer Michael G. Regino said on Friday, March 11, that he ordered...
AIA Philippines, formerly AIA Philam Life, is seeking thousands of its policyholders and beneficiaries who have yet to claim their benefits ranging from policy maturities, reinstatements, claims, redemptions, and even refunds. In a statement, AIA Philippines said on Tuesday, March 8, that there are...
The digitalization program of the Social Security System (SSS) has reduced the pension fund’s operating expense, the Department of Finance (DOF) said. In a statement released by the DOF, the department reported that SSS’ operating expenses amounted to P4 for every P100 of benefits paid in 2021,...
The Department of Finance (DOF) expects the country’s high growth in foreign direct investments (FDIs) to be sustained following the enactment of economic liberalization reform laws. In his DOF Economic Bulletin on Sunday, March 6, Finance Chief Economist Gil S. Beltran said the more than half...
Further loosening of quarantine measures in the final month of last year ushered in 797,000 additional jobs, the Department of Finance (DOF) said. In his latest DOF economic bulletin, Finance Chief Economist Gil S. Beltran said Wednesday, March 2, that loosened lockdowns generated more economic...
An internal investigative body that's completely independent from the Philippine National Police (PNP) hierarchy. That's what AP Party-list nominee Ronnie Ong aims to institutionalize via legislation if and when he regains a seat in the House of Representatives in the May 2022 elections. (Mark...
Malacañang on Monday, Feb. 28, confirmed the appointment of Vice Admiral Artemio M. Abu as the new commandant of the Philippine Coast Guard (PCG). CG Vice Admiral Artemio M. Abu is the 29th Commandant of the Philippine Coast Guard (PCG). (PCG Photo) In a statement, Cabinet secretary and acting...
