Except for barangay men, the country’s elective officials, including the president and the vice president, may serve for a total of ten years in two consecutive five-year terms of office, under a legislative proposal filed on Friday, Jan. 7 by a senior administration lawmaker. Rep. Aurelio...
The Duterte administration will work "as fast as possible" to rehabilitate the provinces devastated by typhoon "Odette". Cabinet Secretary Karlo Nograles (Malacañang photo) Thus, said Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles in a virtual press conference on...
The Department of the Interior and Local Government (DILG) warned the public that individuals with fake coronavirus disease-2019 (COVID-19) vaccination cards will face prison terms and other penalties. This was pointed out by DILG Region 10 Director Arnel Agabe after his office got a report that a...
President Duterte says it gives him "a little bit of pride" that he fulfilled "almost everything" that he promised to Filipinos when he ran for the Palace seat a few years ago. 'I TRIED MY BEST'--President Rodrigo Duterte talks about his campaign promises during his speech at the Port of Busay,...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the US Federal Reserve’s pronouncement that it will likely begin reducing its monthly bond purchases. At Monday's auction of Treasury bills, Oct. 11, the bellwether 91-day T-bill rate, which...
GENEVA, Switzerland -- Nearly 20 European Union countries nominated Tedros Adhanom Ghebreyesus for a second term as head of the World Health Organization, shortly before the deadline passed on Thursday. Tedros Adhanom Ghebreyesus, director-general of the WHO (AFP) WHO member states had until 1600...
Individuals with symptoms or in close contact with COVID-positive patients who refused to be tested for the virus risk themselves of imprisonment or other appropriate penalties, the Department of the Interior and Local Government (DILG) has warned. DILG Sec. Eduardo Año (Photo from DILG) DILG Sec....
Government borrowings skyrocketed last month as the coronavirus pandemic continued to strangle revenue sources, data from the Bureau of the Treasury showed. (Photographer:Julian Abram Wainwright/Bloomberg file) Gross borrowings of the Duterte...
The central bank’s auction of term deposit facility (TDF) attracted P677.99 billion tenders on Wednesday against offer of P480 billion, while yields have mixed results. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. continues to observe “ample” financial system...
The auction of the Bangko Sentral ng Pilipinas’ (BSP) 28-day BSP Bill remained oversubscribed with a liquidity-heavy market while its average rate stayed put where it was a week ago. On Friday, the third week of the one-month BSP security auction, the BSP offered P50 billion and received tenders...
Banks prefer Bangko Sentral ng Pilipinas (BSP) securities with short-term maturities of up to two months, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said that based on the...
The Bangko Sentral ng Pilipinas (BSP) offered P390 billion term deposit facility (TDF) this week because of banks’ bigger demand and while yields were mixed, tenders breached the offer with P575.31 billion. “The TDF auction results continue to reflect ample liquidity conditions in the...
