Philippine benchmark interest rates for short-term loans dipped with strong demand from domestic investors. At Monday's auction of Treasury bills on May 30, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, fell to 1.460 percent from 1.675 percent last week. The...
President-elect Marcos’ chief economic manager has high hopes for incoming Socioeconomic Planning Arsenio M. Balisacan, describing the latter as the “poverty guru” of the next administration tasked to bring down the nation’s poverty rate to single-digit. Incoming Finance Secretary Benjamin...
Globe, in partnership with the Department of Agriculture’s National Fisheries Research and Development Institute (DA-NFRDI) and Carmel-Haifa University Economic Corporation Ltd from the University of Haifa in Israel, recently held a webinar series that tackled the importance of incorporating...
For building a more secure ecosystem for consumers and enterprises, the country's only all-in-one money platform Maya has copped recognitions at the Privacy Awareness Week Awards 2022 organized by the National Privacy Commission (NPC). Maya won at the Privacy Awareness Week Awards 2022 for its...
The Department of Education (DepEd) on Sunday, May 29, welcomed the approval of the Commission on Elections (Comelec) on granting additional honoraria for select teachers for their extended service during the 2022 National and Local Elections on May 9, 2022. (ALI VICOY / MANILA BULLETIN)...
To lead the National Economic Development Authority (NEDA), President-elect Ferdinand “Bongbong” Marcos has nominated economist Arsenio Balicasan to return to his previous post. Read more here:...
Presumptive President Ferdinand R. Marcos Jr. would get P5.086 trillion national budget for 2023, almost a reenactment of the 2022 national budget of P5.024 trillion. The inter-agency Development Budget Coordination Committee (DBCC) approved on Tuesday, May 24, the proposed appropriations next...
The National Economic and Development Authority (NEDA) has fired back at critics of the rice tariffication law (RTL), noting that contrary to claims, the reform helped both farmers and consumers since its enactment. In a statement, Socioeconomic Planning Secretary Karl Kendrick T. Chua said that...
The National Citizens’ Movement for Free Elections (Namfrel) will be helping the church-backed poll watchdog Parish Pastoral Council for Responsible Voting (PPCRV) in validating election returns (ERs). Teachers acting as members of the electoral board conduct the final testing and sealing of...
Commission on Elections (Comelec) Commissioner George Erwin Garcia said on Monday, May 16 that the Commission En Banc has approved, in principle, the additional honoraria for teachers and other members of the electoral boards (EBs). Voters cast vote at Legarda Elementary School in Sampaloc, Manila...
The looming increase in the Bangko Sentral ng Pilipinas’ (BSP) policy rates caused the Philippines' benchmark borrowings yields to rise, prompting the Bureau of the Treasury to reject all tenders. At the Treasury bureau’s auction on Monday, May 16, the national government failed to raise P15...
Church-based poll watchdog Parish Pastoral Council for Responsible Voting (PPCRV), on Monday, May 16, said that it has now received more than half of the country’s election returns (ERs). PPCRV Command Center (Image courtesy of PPCRV) As of 10:30 a.m. on Monday, May 16, PPCRV disclosed that they...
