The Marcos administration is tapping into the global bond markets with a multi-tranche offering in both US dollars and euros, the Bureau of the Treasury announced on Thursday, Jan. 23. The offering includes 10-year and 25-year bonds in US dollars and a seven-year bond in euros, marking the...
The local government of Pasig clarified on Wednesday, Jan. 22, that no announcement has been made yet regarding the schedule of the Katuwang sa Agarang Hanapbuhay (KAAGAPAY) program for this year, contrary to information that is currently circulating. An incident in Barangay Pinagbuhatan where...
The Philippines’ hosting of the upcoming Open Government Partnership (OGP) Asia and the Pacific Regional Meeting (APRM) serves as a strong demonstration of the country’s commitment to transparency and accountability. Department of Budget and Management (DBM) Amenah Pangandaman issued this...
Executive Secretary Lucas Bersamin has encouraged all government officials, civil society leaders, and policymakers to participate in advocating a transparent and accountable governance. Executive Secretary Lucas Bersamin speaks during the media launch of the Open Government Partnership (OGP)-Asia...
Electric cooperatives (ECs) seeking exemption from local taxes, fees, and charges imposed by their local government units (LGUs) must meet performance standards set by the National Electrification Administration (NEA). According to the NEA, to qualify for the exemption, ECs will be evaluated on...
Concerns over potential protectionist measures from the Trump 2.0 administration, along with expectations of fewer US Federal Reserve rate cuts in 2025, drove up demand for long-term government debt papers. On Tuesday, Jan. 14, the Bureau of the Treasury (BTr) successfully raised P30 billion...
Investor demand for the government’s short-term debt papers sustained its strength for the second consecutive week, as stable inflation pushed interest rates lower and heightened expectations of potential rate cuts by the Bangko Sentral ng Pilipinas (BSP). At Monday’s auction on Jan. 13, the...
State-owned Government Service Insurance System (GSIS) reported record loan disbursements totaling P289 billion last year, providing financial support to over 1.2 million government employees. In a statement, Wick Veloso, GSIS president and general manager, said the strong loan releases were driven...
The national government's debt service increased by more than half in November of last year as payments for interest and amortization soared. Data from the Bureau of the Treasury showed that the government’s debt payments reached P193.7 billion in November, a 65 percent increase compared to...
The Bureau of Internal Revenue (BIR) will now require government contractors to secure an updated tax clearance before the final settlement of a government contract to ensure they have no outstanding tax liabilities. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said this new policy,...
Peso depreciation against the US dollar, alongside net financing activities, further pushed the national government’s debt, which had recently breached the P16-trillion mark. Data from the Bureau of the Treasury (BTr), revealed that the government’s total outstanding debt stood at...
Expectations of further policy easing by the Bangko Sentral ng Pilipinas (BSP) took center stage in the first Bureau of the Treasury auction of the year, as investors snapped up government debt and pushed yields lower across the board. At Monday's auction, January 6, the Treasury bureau...
