Debt payments by the Philippine government breached the P1 trillion threshold in the first four-months of the year due to higher interest settlements. Data from the Bureau of the Treasury showed that the national government's debt servicing reached P1.15 trillion in January to April, or 32 percent...
The Government Service Insurance System (GSIS) has assured that the introduction of a new digital ID will not affect existing users of Unified Multi-Purpose Identification (UMID) cards and eCards. In a statement on Friday, May 31, the pension fund for government workers clarified that the GSIS...
The depreciation of the peso has not only driven up prices for imported goods for Filipino consumers but has also contributed to the substantial increase in the government's debt burden. According to the Bureau of the Treasury, the peso's “considerable” weakening, reaching a low point not seen...
The government's debt hit a record P15 trillion in April this year, driven by borrowings and the peso's weakening against the US dollar. Data released by the Bureau of the Treasury showed that the national government's outstanding debt surged by eight percent to P15.017 trillion as of April from...
President Marcos has assured those living in areas affected by Severe Tropical Storm Aghon that the government is ready to assist them as P1.2 million in humanitarian assistance was already released to aid those in need. EFFECTS OF 'AGHON' — A car gets crushed by a felled tree in Taytay, Rizal on...
The Bureau of the Treasury reported a decrease in borrowing by the Marcos administration from both domestic and foreign lenders in April this year. The total gross financing for the national government last month amounted to P89.2 billion, a 31 percent decrease compared to P129.9 billion in April...
Former Senate President Juan Miguel “Migz” Zubiri on Sunday, May 26, welcomed the ratification of three important priority measures that aim to stem corruption, prevent smuggling of agricultural goods and protect the rights of Filipino seafarers. Both the Senate and the House of...
The Japan International Cooperation Agency (JICA) will support the Government Service Insurance System (GSIS) in expanding the pension fund’s insurance business. In a statement, GSIS announced signing a new technical agreement with JICA as part of the Japanese government's recently launched...
Senator Juan Edgardo “Sonny” Angara on Friday, May 24 said he is confident the New Government Procurement Act (NGPA), will prevent wastage in public transactions as it would plug loopholes in the existing law. The measure is now up for review and signing by President Ferdinand...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has lauded the leadership and members of Congress for the ratification of the New Government Procurement Act (NGPA). Pangandaman said this legislation is a significant milestone under the Marcos administration’s ongoing...
President Marcos assured Filipinos that ensuring the country's security remains his administration's top priority despite its current focus on addressing the effects of extreme heat brought about by the El Niño phenomenon. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos said...
The Senate on Tuesday, May 21 approved on second and third reading the measure amending the over two-decade old government procurement law, one of the priority measures of the Marcos administration. Newly-installed Senate President Francis “Chiz” Escudero allowed his predecessor Juan...
