The Government Service Insurance System (GSIS) has allocated P18.5 billion for emergency loans to aid members and pensioners impacted by typhoon Carina and the southwest monsoon. In a statement Thursday, July 25, the state pension fund for government workers said that approximately 864,089 GSIS...
The Department of Budget and Management (DBM) said that almost half of the government's calamity funds are still available to assist people affected by Typhoon Carina and the southwest monsoon. According to Budget Secretary Amenah F. Pangandaman, approximately P11.12 billion remains in the calamity...
The Department of Budget and Management (DBM) plans to allocate approximately P10 billion next year for government employees' medical allowances. Budget Secretary Amenah F. Pangandaman said that a total of P9.5 billion had been earmarked for the Miscellaneous Personnel Benefits Fund (MPBF) in...
The Department of Budget and Management has allocated P106 billion to support President Marcos' directive to increase the salaries of government employees. Budget Secretary Amenah F. Pangandaman said that DBM has set aside P36 billion for the current year and an additional P70 billion for the...
President Marcos assured on Monday, July 22, that the country’s energy and internet connectivity capacities are being upgraded to be at par with the Philippines’ economic progress and aspirations. President Ferdinand 'Bongbong' Marcos Jr. delivers his third State of the Nation Address (SONA) on...
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman underscored that having the right fundamental values and character determines an individual's success as she delivered a message of encouragement to the graduates of the Bulacan State University (BulSU) last July 19. "Dear...
The country’s external debt service burden as of April totaled $4.64 billion, 19.79 percent lower compared to the same time last year of $5.785 billion, with fewer prepayments from the public and private sectors. The debt service burden, which represents both principal and interest payments after...
The Department of Budget and Management (DBM) said that the implementation of the new Government Procurement Act (NGPA) will overhaul public procurement processes in the country. Budget Secretary Amenah F. Pangadaman said in a statement that the NGPA law, which has been her priority since she...
Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
More than 6,200 policemen were charged and convicted for various offenses in the continuing internal cleansing in the Philippine National Police (PNP) under the Marcos administration, the Internal Affairs Service (IAS) said on Wednesday, July 17. Of the total of 6,256 policemen slapped with...
State-owned Government Service Insurance System (GSIS) has introduced a new housing program tailored for government employees featuring zero down payment. Wick Veloso, GSIS president and general manager, announced on Monday, July 15, that the launch of this new program, which enables borrowers to...
The Bureau of the Treasury reported an increase in the national government’s debt payments in May this year, primarily due to larger settlements made to local and external creditors. The Marcos administration disbursed P69 billion towards its local and external financial obligations during...
