The Marcos administration’s gross borrowings declined slightly to ₱1.757 trillion in the first seven months of the year, driven by a drop in domestic loans despite a more than 50 percent increase in foreign debt. Data from the Bureau of the Treasury (BTr) showed that the government’s debt as...
The Navotas City government has teamed up with the Department of Environment and Natural Resources–Environmental Management Bureau (DENR-EMB) and Therma Mobile, Inc. (TMO), a subsidiary of Aboitiz Power, to rehabilitate a portion of the Navotas River. Mayor John Rey Tiangco, DENR-EMB NCR...
San Mateo, Rizal Mayor Bartolome "Omie" Rivera Jr. slammed the directive of the Metropolitan Manila Development Authority (MMDA) diverting the collected solid wastes of the city of Manila to its New San Mateo Sanitary Landfill (NSMSLF) following the permanent closure of the Navotas Sanitary...
Japan-based debt watcher R&I’s fresh affirmation of the Philippines’ high investment-grade ‘A-’ credit rating has allowed the Marcos administration to raise a cumulative ₱35 billion through bond sales at lower borrowing costs. During the auction of three-year and 25-year Treasury bonds...
A successful compromise agreement—a process initiated during the previous administration—added ₱714 million to national coffers last May, coming from the current owner of a Monet painting that had been sold overseas and formed part of the ill-gotten wealth of the late strongman Ferdinand E....
Taking a major step toward transparent governance in Philippine education, the Department of Education (DepEd) on Saturday, August 23, introduced a tool designed to make school data more accessible and actionable for parents, teachers, local governments, and other stakeholders. In a statement,...
The Department of Education (DepEd) has amended its guidelines for the P7,000 medical allowance, giving teachers the flexibility to choose how they receive the benefit — a move welcomed by a teachers’ group. The Teachers’ Dignity Coalition (TDC), in a statement issued Saturday, August 23,...
Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan said he will let President Marcos decide on his leave of absence amid an ongoing investigation into alleged corruption in flood control projects. Bonoan stressed that while accountability is important, his leadership remains...
After raising over half a trillion pesos from retail treasury bonds (RTBs) last week, the Marcos administration successfully borrowed ₱50 billion from separate sales of debt securities this week. During the sale of 10-year treasury bonds (T-bonds) on Tuesday, Aug. 19, the Bureau of the Treasury...
The Department of Public Works and Highways (DPWH) is now investigating into how a construction company with only P250,000 in capital was able to corner around P5.3 billion worth of flood control projects this year. DPWH Secretary Manuel Bonoan said the agency will review the records of the...
Citing its importance to the welfare of public educators and government workers, a teachers’ group on Monday, August 18, reiterated its appeal to the Department of Budget and Management (DBM) and Malacañang for the immediate release of the promised P7,000 medical allowance. The Teachers’...
Despite an increase in the Philippines’ general government (GG) debt-to-gross domestic product (GDP) ratio to 57.1 percent in 2024, the Marcos Jr. administration is targeting to gradually lower this debt ratio to the 54-percent level by the end of 2028. This was indicated in the national...
