Vice President Sara Duterte receives the invite from the Good Government panel (Quad-comm media) The Committee on Good Government and Public Accountability took advantage of Vice President Sara Duterte's surprise presence as a spectator Wednesday,...
Concerns about rising U.S. Treasury yields and inflation, linked to potential protectionist policies under a Trump administration, have led to an increase in short-term government debt interest rates for the sixth consecutive week, despite a slight decline in investor demand. During the auction on...
Soaring interest payments, especially for debts that piled up to fight the Covid-19 pandemic, may slow down fiscal consolidation or budget-deficit reduction in the Philippines, according to the think tank Oxford Economics. "Because government deficits have ballooned quickly in the last few years, a...
Navotas City lone district Rep. Toby Tiangco (PPAB) Noting that collaboration is key, Navotas City lone district Rep. Toby Tiangco has urged local government units (LGUs) to continuosly support the Marcos administration's efforts to end...
The Government Service Insurance System (GSIS) has launched its new Multi-Purpose Loan (MPL) Lite program, designed to provide members with quick and accessible financing for unexpected expenses or temporary budget shortfalls. In a statement, the GSIS said the MPL Lite offers loans ranging from...
By DERCO ROSAL The government’s debt stock is nearing the P16 trillion threshold, driven by continued borrowing from both domestic and foreign creditors. Data from the Bureau of the Treasury showed that the national government’s total outstanding debt reached P15.89 trillion at end-September,...
By DERCO ROSAL A weaker peso, coupled with higher import prices, cautious US Federal Reserve signals, and the recent reserve ratio cut, pushed short-term government debt interest rates higher for four consecutive weeks. At Monday’s auction, Oct 28, the Bureau of the Treasury (BTr) raised...
The C-130 from Singapore (Philippine Air Force) House Speaker Martin Romualdez thanked the Singaporean government for their generous assistance to the victims of typhoon "Kristine", particularly its lending of air force assets that...
The Philippines will borrow $67.34 million (over P3.9 billion) from the World Bank to modernize Filipino civil servants. An Oct. 25 document disclosed that the Washington-based multilateral lender's board is expected to green-light its investment project financing for the Philippines Civil...
Senator Loren Legarda on Sunday, October 27 called on local chief executives to make a strategic shift in disaster risk reduction and management to bolster the country’s resilience to disasters and natural calamities. Legarda said that following the widespread devastation wrought by severe...
The Philippines, the United States, and Japan have started discussing ways to strengthen economic resilience in the face of economic coercion. Senior government officials from the three countries on Friday, Oct. 25, held an informal trilateral discussion in Manila to strengthen close coordination...
Former Department of Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. (Mark Balmores/MANILA BULLETIN) Former Department of Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. is urging the...
