More government spending seen in the third quarter will help pick up the six percent to seven target economic growth by year-end, Department of Finance Secretary Benjamin E. Diokno said. During a forum with Reuters, Diokno pointed out several indicators that will help boost economic growth by...
BALAYAN, Batangas – A municipal government employee was shot dead in Barangay District 5 here on Friday night, November 10. Police identified the victim as Melchor Sale, 53, single, resident of Barangay Carenahan, this town. Investigation said the victim was driving his motorcycle when he...
The Government Service Insurance System (GSIS) reported a surge in interest for its Multi-Purpose Loan Flex (MPL Flex) Program that offers public school teachers and other members the opportunity to access loans at a low interest rate. In a Facebook post on Friday, Nov. 10, the pension fund for...
President Marcos has named the former Chairman of Century Rural Bank Inc., Rodolfo Del Rosario Jr., the new Government Service Insurance System (GSIS) chairman. Rodolfo Del Rosario Jr. (Rodolfo Del Rosario - RDR Jr/Facebook) This was bared in a Facebook post by the Presidential Communications...
The national government failed to sell all its short-term debt papers after banks demanded for higher returns following the Israel-Hamas war that led investors to favor safer investment options. At Monday's auction of Treasury bills on Oct. 9, the national government raised a total of P12.518...
The Po and Gokongwei families have beefed up their stakes in Shakey’s Pizza Asia Ventures Inc. (PIZZA), one of the leading food service groups in the Philippines, by buying out the stake of Singapore’s sovereign wealth fund GIC for P2.69 billion. In a disclosure to the Philippine Stock Exchange...
State-run Government Service Insurance System (GSIS) has invested in publicly listed Alternergy Holdings Corp., a renewable power pioneer known for its profitability and clean energy vision. In a statement on Tuesday, Nov. 7, the pension fund for government workers said a total of P1.45 billion was...
In response to the call of the Marcos administration to accelerate government spending in the second quarter of the year, the Department of Public Works and Highways (DPWH) and the Department of Social Welfare and Development (DSWD) topped the spending of government agencies this third quarter....
The national government will organize the National Jail Decongestion Summit in a bid to address the pressing overcrowding issues in the local jail facilities, the The Bureau of Jail Management and Penology (BJMP) disclosed on Monday, Nov. 6. (BJMP PHOTO) In a statement, the BJMP...
The Bureau of the Treasury said the Marcos administration has recorded a slight decrease in its foreign and local borrowings in the first nine months of the year. From January to September 2023, gross financing totaled P1.782 trillion, a two percent drop compared to the same period last year when...
The government’s economic team is looking to collect P3.84 trillion to P3.90 trillion in total revenues this year, above the target of P3.73 trillion. In a joint statement, the Development Budget Coordination Committee (DBCC) said that P2.84 trillion in revenues have been collected in the first...
The Development Budget Coordination Committee (DBCC) expects that the national government's budget deficit would widen in the latter part of the year, driven by catch-up spending. In the DBCC mid-year report, the inter-agency body responsible for determining the government's macroeconomic...
