The Department of Budget and Management (DBM) has released P31.93 billion for salary increase for government employees as of Tuesday, Sept. 10. The DBM said it has begun distributing funds for salary adjustments, and the implementation is now underway across government agencies. This came after...
Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has filed a measure in the House of Representatives that aims to enable the retroactive application of salary increases for employees of local government...
The government's reissued Treasury bonds (T-bonds) were met with strong investor demand on Tuesday, Sept. 10, as the offering's lower interest rates aligned with a more manageable inflation environment. The Bureau of the Treasury successfully raised P30 billion as planned through the auction of the...
House Speaker Martin Romualdez (center, seated) with the 17 governors (Speaker’s Office) Several provincial governors have accepted the challenge of House Speaker Martin Romualdez to adopt an intensified whole-of-government approach in fighting...
The Marcos administration lowered its financial support for government-owned and -controlled corporations (GOCCs) in July, data from the Bureau of the Treasury showed. The Treasury report revealed that the national government allocated P10.92 billion to support state-owned companies in July, a 69...
There is no official request yet from the Indonesian government regarding the prisoner swap involving dismissed Bamban, Tarlac mayor Alice Guo, or Guo Hua Ping, and Australian drug trafficker Gregor Johann Haas, who is wanted in Indonesia, the Presidential Anti-Organized Crime Commission (PAOCC)...
The World Bank is crafting its lending plan for the Philippines covering the years 2025 to 2028, the period during which the country will likely rise to upper middle-income status and gradually lose access to preferential borrowing rates. The World Bank Group Philippines Country Partnership...
State-owned Government Service Insurance System (GSIS) announced that it would extend its emergency loan program to members and pensioners affected by Typhoon "Enteng." According to the state pension fund, the loan would provide financial relief for areas declared under the state of calamity. The...
Government debt soared to a record high in July, driven by the depreciating peso against the US dollar that contributed to the double-digit rise in foreign obligations. Data from the Bureau of the Treasury, released on Wednesday, Sept. 3, showed that the national government's outstanding debt...
The government increased its borrowing from local creditors to take advantage of strong bids, despite the generally higher yields. The Bureau of the Treasury offered P20 billion in three-, six-, and 12-month IOUs. After reviewing the bids, the auction committee accepted additional offers for the...
Quezon City Mayor Joy Belmonte will join the city leaders from Southeast Asia and lead the upcoming C40 Cities SEA CAI Regional Academy to talk about fighting against the climate crisis in Quezon City from September 2 to 6. Joining Belmonte in leading the event is another prominent woman leader,...
The Marcos administration successfully completed its second offshore commercial borrowing, raising $2.5 billion, the Department of Finance (DOF) announced. In a statement on Thursday, Aug. 29, the DOF reported that Manila sold notes maturing in 5.5 years and 10.5 years, along with 25-year debt...
