USS Philippine Sea (Wikipedia) Cagayan de Oro City 2nd District Rep. Rufus Rodriguez has asked the United States (US) to donate a soon-to-be decommissioned warship so that the Philippine government may repurpose it for deployment to the...
Interest rates on short-term government debt continued to increase, driven by a weaker peso and external factors such as rising global oil prices and reduced chances of the US Federal Reserve rate cuts. At Monday’s auction, Oct 14, the Bureau of the Treasury (BTr) successfully raised P20 billion...
Findings from the Second Congressional Commission on Education (EDCOM 2) revealed that government programs currently support only one percent of the country’s "best and brightest" students. (DepEd file photo) In a statement issued on Saturday, Oct. 12, EDCOM 2 highlighted that gifted and...
China has accused the United States of inciting confrontation in the Indo-Pacific by purportedly deploying weapons and increasing military activities in the South China Sea. Mao Ning, spokesperson for China's Foreign Ministry, said it is the US that is "the biggest source of instability in the...
Unlike in his previous foreign trips where President Marcos designated Vice President Sara Duterte as the government's caretaker, he opted to assign an executive committee to fulfill the job while he is in Laos. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang)...
By DERCO ROSAL Interest rates on short-term government debt increased despite a four-year low inflation rate in September, driven by external factors such as rising global oil prices and reduced chances of the US Federal Reserve rate cuts. At Monday’s auction, Oct 7, the Bureau of the Treasury...
The Government Service Insurance System (GSIS) has earmarked nearly P158 million in emergency loans to support members and pensioners affected by recent typhoons. The pension fund for government workers said in a statement that this initiative aims to assist 5,777 active members and...
Philippine Air Force (PAF) personnel load relief goods onto a C-130 transport aicraft for delivery to victims of typhoon "Julian" in Batanes on Oct. 5, 2024. (Photo: PAF) The Philippine Air Force and the United States government deployed aircraft and personnel to assist in humanitarian assistance...
The Marcos Jr. administration will borrow $509.24 million (about P28.7 billion) from the World Bank to enhance health services in rural areas. World Bank documents showed that the Washington-based multilateral lender's board is expected to approve the Philippines Health System Resilience Project on...
Government debt decreased by P139.8 billion at the end of August, primarily due to recent appreciation of the peso and net repayments of foreign debt. As of August 2024, the national government's total outstanding debt stood at P15.55 trillion, reflecting a 0.9-percent decline from the end of July....
Short-term government yields declined further amid strong investor interest, fueled by rising expectations of central bank interest rate cuts and reserve requirement reductions. At Monday’s auction, Sept 30, the Bureau of the Treasury (BTr) successfully raised P20 billion through T-bills, with...
The Bureau of the Treasury (BTr) reported a rise in the Marcos administration’s borrowings in August, driven primarily by increased reliance on domestic lenders. In August, the national government secured a total gross financing of P174 billion, reflecting a 40-percent hike from P124.1 billion in...
