House Speaker Martin Romualdez speaking during the general assembly of the League of Municipalities of the Philippines (Speaker’s Office) Following the directive of President Marcos, Speaker Martin Romualdez has assured top local government unit (LGU)...
The national government fell short anew in making a full award of the short-term debt papers following the record-high P585 billion retail treasury bond issuance. The Bureau of the Treasury during an auction on Monday, February 26, partially borrowed P14.8 billion through the sale of Treasury bills...
The Department of Finance (DOF) said the Marcos administration is on track to meet its borrowing requirements for the year, which will provide the necessary funding for government programs and projects. With a total financing goal of P2.46 trillion for 2024, the government plans to secure 75...
Parañaque Mayor Eric Oliuvarez, Cong. Edwin Olivarez and the officials of Eco Ikot Center Replication project (Photo courtesy of Parañaque PIO) The Eco Ikot Center Replication (EICR) project was launched in Parañaque to raise residents' awareness on proper waste identification...
Local government units (LGUs) may send workers to other countries under the sisterhood agreements with foreign counterparts like those forged with several cities in South Korea, the Department of Justice (DOJ) said. However, in a legal opinion, the DOJ stressed: " While LGUs may be the primary...
President Marcos has ordered the Department of Social Welfare and Development (DSWD) to ensure that the peso value of government assistance will not diminish. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA/ KJ Rosales) Marcos made the directive during a sectoral meeting in...
The Government Service Insurance System (GSIS) plans to secure new investment opportunities as part of its efforts to diversify and enhance long-term profitability. Wick Veloso, GSIS president and general manager said the fund has intensified its focus on alternative investments, including private...
The government sold some short-term loans to Filipino investors, even though interest rates were up and there were fewer takers. During the auction on Monday, Feb. 19, the Bureau of the Treasury raised P14.5 billion through the sale of Treasury bills (T-bills), below the P15 billion program. ...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
Two of President Marcos’ economic managers are pushing for the integration of healthcare coverage as a part of the compensation package for all government employees. Budget Secretary Amenah F. Pangandaman and Finance Secretary Ralph G. Recto both said that the government is now considering...
Senator Francis Tolentino commended various local government units (LGUs) for their exemplary implementation of nutrition policies and programs in their respective constituencies, which earned them recognition from the National Nutrition Council (NNC) as "nutrition champions". During where...
Filipino investors seeking to invest their savings with the government can expect a guaranteed return that surpasses the 2023 average inflation rate, data from the Bureau of the Treasury showed. During an auction on Tuesday, Feb. 13, the five-year retail treasury bond (RTB) secured a coupon rate of...
