The Government Service Insurance System (GSIS) has earmarked nearly P158 million in emergency loans to support members and pensioners affected by recent typhoons. The pension fund for government workers said in a statement that this initiative aims to assist 5,777 active members and...
Downward Philippine inflation in the near term would be slightly offset by the new law imposing 12-percent value added tax (VAT) on digital services, Singapore-based United Overseas Bank (UOB) said. In an Oct. 4 report, UOB senior economist Julia Goh and economist Loke Siew Ting noted that there is...
Senate President Francis "Chiz" Escudero says it's about time to waive service fees on certain electronic fund transfers, as these are long overdue. Escudero had this to say as he backed Bangko Sentral ng Pilipinas' (BSP) move to remove such charges for personal transactions and payments to micro,...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Albay 2nd district Rep. Joey Salceda underscored on Wednesday, Oct. 2 that the Philippine creatives sector--which covers artists, artisans, producers--were "the biggest winners" in...
The Department of Finance (DOF) expects to generate P102.12 billion over the next five years from a new law that imposes a 12-percent value-added tax (VAT) on both local and foreign digital service providers (DSPs). According to the DOF, the estimated revenues to be collected from 2025 to 2029 will...
From 15 days, the vacation service credits (VSCs) of public school teachers have been increased to 30 days based on new guidelines issued by the Department of Education (DepEd). (DepEd file photo) In a statement issued on Friday, Sept. 27, the agency announced that DepEd Secretary Sonny...
Puerto Aguadulce, the preferred terminal on the Colombian Pacific coast owned by International Container Terminal Services, Inc. (ICTSI) and PSA of Singapore, has recorded another milestone with its recent handling of the APL Fullerton. Measuring 398 meters in length and 51 meters in width, the CMA...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the issuance of a Special Allotment Release Order (SARO) amounting to P1 billion for this year’s compensation to Marawi siege victims. “This allocation provides monetary compensation for 574...
Victoria International Container Terminal (VICT), the fully automated container handling facility of International Container Terminal Services Inc. (ICTSI) in the Port of Melbourne, Australia, has reached the five million TEU mark in seven years. In a statement, ICTSI said the milestone...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the creation of a total of 175 faculty plantilla positions for the Mindanao State University (MSU) System. “Of the 175 new faculty positions, 75 are for Instructor I positions which will augment the need...
State-run Government Service Insurance System (GSIS) said that its Multi-Purpose Loan Flex (MPL Flex) program has provided over P208 billion in loans to nearly 800,000 members within a year of its launch. Introduced in September 2023, the MPL Flex offers government employees a flexible loan option...
A competent, capable and dedicated civil service corps is a vital element in effective governance, that is, in turn, the key driver in the growth and prosperity of a nation. This September marks the observance of the 124th anniversary of the Philippine civil service with the theme, Transforming...
