State-owned companies had their budgetary support reduced in October as the government did not provide financial aid to the Philippine Health Insurance Corp. (PhilHealth) during the month. Data from the Bureau of the Treasury showed that subsidies to government-owned and -controlled corporations...
Due to the holiday season, the national government has scaled back its domestic borrowing plan for the month of December. Data from the Bureau of the Treasury showed that the Marcos administration intends to borrow just P60 billion next month, a substantial decrease from November's P225 billion....
The government's maiden borrowing in the Islamic debt market drew an overwhelming response from investors, supported by the Philippines’ robust economic fundamentals. In a statement on Thursday, Nov. 30, the Bureau of the Treasury announced that the government successfully raised $1 billion from...
Over P541 million will be allotted for climate adaptation projects to local government unit (LGU) beneficiaries, the Department of Finance (DOF) said. This as President Ferdinand R. Marcos, Jr. approved the People’s Survival Fund (PSF) Resolutions. The PSF had an initial capitalization of P1...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
Department of Finance (DOF) Secretary Benjamin Diokno is asking local government units (LGUs) to speed up their spending given their budget surplus because of the lack of investments. President Ferdinand Marcos Jr. (2nd right) presides over a sectoral meeting in Malacañang on Tuesday, Nov....
The Department of Finance (DOF) said the government’s first-ever sukuk bond offering will be settled by the middle of December this year. In a briefing on Tuesday, Nov. 28, Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has just announced the sukuk bond issuance, noting that...
The Marcos administration has mandated banks to oversee the Philippines’ first Islamic bond sale, aiming to raise at least half a billion dollars to aid in funding the government's budget shortfall. Based a document released by the Department of Finance (DOF), the national government is preparing...
At the Governance Awards in PICC Complex. TPB COO Maria Margarita Montemayor Nograles received the award for the Most Improved Government-Owned and Controlled Corporation (GOCC) The Tourism Promotions Board (TPB) Philippines was recognized as one of the Most Improved Government-Owned and Controlled...
TAKING THE LEAD IBF chairperson Pamela Louise Manalo Not a lot of events can get me to willingly leave my bed before 6:30 in the morning but the annual International Bazaar hosted by the International Bazaar Foundation (IBF) is one of the very few that can. Coordinated by the International Bazaar...
The Government Service Insurance System (GSIS) partnered with the Japan International Cooperation Agency (JICA) to enhance the safeguarding of public properties and assets from disasters. In a statement, Wick Veloso, GSIS president and general manager, said the pension fund has finalized a...
State-owned Government Service Insurance System (GSIS) has issued guidelines for providing emergency loans (EL) to both active members and pensioners. In a memorandum dated Nov. 22, 2023, GSIS said eligible borrowers may receive emergency loans worth P20,000, and those with existing EL accounts who...
