A Muntinlupa City Council committee wants the Skyway management to stop its construction of an off-ramp widening project in the city due to lack of permits. The project will result in narrowing of a portion of the West Service Road that will affect traffic flow. The Committee on...
The government sold all its short-term debt papers after interest rates dropped. On Monday, Sept. 4, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P15 billion as planned. The total bids reached P47.56 billion, an oversubscription of nearly two times the...
The bill seeking to lower the compulsory and optional retirement age for government personnel requires a comprehensive study to ensure that the policy would be sustainable as majority of public workers are deemed supportive of the measure. Sen. Sherwin Gatchalian (Senate PRIB Photo) ...
The Bureau of the Treasury reported that government subsidies to state-owned companies increased in July, with the majority of the funds being used to support the universal healthcare program. The national government provided P33.24 billion in financial aid to government-owned and controlled...
The Bureau of the Treasury has assigned two state-owned banks to arrange the upcoming launch of a retail dollar bond (RDB) offering. The Land Bank of the Philippines and the Development Bank of the Philippines (DBP) are tasked with leading and managing the retail bond sale targeting small...
(MANILA BULLETIN) Did you know that a total of 143 local government units (LGUs) in the country don't have fire stations? Congressmen learned about this during the House Committee on Appropriations' deliberation on the 2024 budget of the Department of the Interior...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
How would you feel if the government were to borrow some of your hard-earned savings from the banks? Well, generally, banks do not take your feelings into consideration. In reality, they are allowed to utilize the savings of their depositors, which are sitting idle in their vaults, and invest them....
The Senate Committee on Finance will carefully scrutinize all government projects under the proposed P5.768-trillion national budget for 2024 that are allegedly bloated by 328 percent. Sen. Sonny Angara (Senate PRIB Photo) Sen. Juan Edgardo “Sonny” Angara, chairman of the...
In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
The Bureau of Customs has completed the construction of a new sub-port building at the Mindanao Container Terminal (MCT) in Misamis Oriental, aimed at bolstering revenue collection and improving services for stakeholders. Located within the Phividec Industrial Estate in Tagoloan, Misamis Oriental,...
