The Government Service Insurance System (GSIS) will return more than ₱19 billion to 1.37 million members and pensioners under a relief program that provides a lump-sum refund of recent loan payments rather than the traditional suspension of future collections. In a statement, GSIS said the state...
The national government has streamlined the taxes and fees imposed by local government units (LGUs) on businesses enjoying tax incentives, a move aimed at addressing investor concerns about unfair tax policies. Under Joint Memorandum Circular (JMC) No. 1 dated March 23, the government affirmed that...
The Philippines is facing an inflationary shock that could spill over to slower economic growth, potential job losses, and more capital market outflows amid a prolonged Middle East conflict, according to the World Bank. The global oil price and supply shock wrought by the war in Iran would “raise...
The Department of the Interior and Local Government (DILG) reminded on Wednesday, April 1, elected and appointed local officials that personal use of government-owned vehicles on weekends and holidays is strictly prohibited except in instances that are directly connected with the performance of...
The Government Service Insurance System (GSIS) is shifting its approach to debt relief, rolling out a modified three-month loan moratorium that replaces traditional payment skips with a lump-sum refund to provide immediate liquidity to state employees. In a statement on Wednesday, April 1, the...
All government agencies and instrumentalities were directed to support the celebration of the 2026 National Innovation Day, scheduled on April 28 to 29, Malacañang said. President Marcos made the directive through Memorandum Circular No. 115. Marcos also encouraged local government units (LGUs)...
Malacañang has ordered a half-day work in government offices on Wednesday, April 1, a day before the three-day holiday for the observation of Holy Week begins. Palace Press Officer and Communication Undersecretary Claire Castro announced on Tuesday, March 31, that there will be no work in...
Dividend remittances of government-owned and/or -controlled corporations (GOCCs) fell 17.2 percent to ₱114.6 billion in 2025, driven by a sharp contraction in the Bangko Sentral ng Pilipinas’ (BSP) remittance after leading in two consecutive years. The latest data from the Bureau of the...
Singapore-based DBS Bank Ltd. said the Philippines is facing declining investor confidence as the persistent surge in energy costs stemming from the Middle East war weighs on the government’s ability to service its debts. Citing data on credit default swaps (CDS), DBS economists said the...
Local government units (LGUs) in the Philippines are spending far below what is needed to deliver basic primary health care (PHC) services, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). A PIDS discussion paper t itled “Are Philippine Local...
State-run pension fund Government Service Insurance System (GSIS) has expanded its service channels for members and pensioners from March 30 to April 1, offering more digital and on-site options during the Holy Week period. In a statement on Saturday, March 28, GSIS said th is move aligns with...
State-run pension fund Government Service Insurance System (GSIS) is off to a strong start with its Ginhawa Solar Energy Loan (GSEL) program, racking up over 1,200 applications worth nearly ₱400 million in less than 24 hours after its launch on Wednesday, March 25. “The rollout of GSEL is our...
