Government borrowing declined in August with fewer loans borrowed from local lenders, data from the Bureau of the Treasury showed. According to the Bureau of the Treasury, government borrowing in August amounted to P124.06 billion, lower by 7 percent than the P133.34 billion recorded in the same...
Senator Jinggoy Ejercito Estrada is batting for a measure that seeks to make official “sea wardens” or “Bantay Dagat” volunteers. Under Estrada's proposed measure, local government units (LGUs) shall be mandated to allocate regular funding for the benefits and incentives of the sea wardens...
The procurement system for local government units (LGUs) will soon be digitalized, the Department of Budget and Management (DBM) said on Thursday, Oct. 19. Budget Secretary Amenah F. Pangandaman said there will be an electronic reverse auction and electronic or e-marketplace which will cater to...
The Bureau of the Treasury made a full-borrowing on Tuesday, Oct. 17, even though the interest rates on seven-year debt had risen amid expectations of tightening from the Bangko Sentral ng Pilipinas (BSP). During an auction, the government successfully raised the planned P30 billion through the...
State-run Government Service Insurance System (GSIS) has launched a new condonation and restructuring program with longer and affordable payment terms. In a statement, the pension fund for government workers said the Restructuring Program for Service Loans (RPSL) would benefit GSIS' former members,...
Sen. Sherwin Gatchalian on Friday, Oct. 13 emphasized how local government units (LGUs) have greater agility to respond to challenges on the ground in terms of improved delivery and quality of education. Gatchalian made the statement amid the celebration of the local government week this second...
The Pasay City government has announced that the Pasay City General Hospital (PCGH) will be holding a free clinic for the city’s senior citizens. Mayor Emi Calixto-Rubiano said the PCGH Department of Internal Medicine will hold sugar and cholesterol watch every Monday from 3-5 p.m. for...
The national government spent P3.67 billion and P5.66 billion in confidential and intelligence funds, respectively, in 2022, the Commission on Audit (COA) disclosed in its Annual Financial Report (AFR) on national government agencies. The government's use of confidential and intelligence funds...
Senate President Pro Tempore Loren Legarda on Tuesday, October 10 has called on local government units (LGUs) to craft a disaster preparedness program that would ensure the primordial safety of children during times of disaster. Legarda made the call following the release of the United...
The government made a full award of the reissued 10-year debt papers it auctioned off on Tuesday at a lower interest rate. The Bureau of the Treasury (BTr) raised P30 billion as planned from the reissued ten-year bonds it offered on Tuesday. The bonds, which have a remaining life of five years and...
President Marcos has ordered government agencies and Philippine embassies to work closely with each other to secure all affected Filipinos in the ongoing conflict between Israeli forces and Hamas militants. Israel Ministry of Foreign Affairs (Facebook) Malacañang said Marcos told the departments...
Senator Francis “Chiz” Escudero is now pushing for a bill providing for an automatic promotion of government employees upon retirement. In filing Senate Bill No. 297, Escudero proposes to grant a promotion of one salary grade level higher than the employee’s position at the time of...
