The national government has successfully borrowed funds through short-term loans amid relatively stable interest rates. On Monday, Sept. 11, the Bureau of the Treasury executed its auction by fully awarding P15 billion worth of Treasury bills, with demand for three-, six-, and 12-month IOUs totaled...
Finance Secretary Benjamin Diokno has issued a call for responsible social media use among government officials and employees, highlighting the potential consequences of hasty online posts. Speaking from his experiences serving in multiple administrations, Diokno emphasized the importance of...
An employee of the Muntinlupa City government placed in the top 5 of the Basic Competency on Local Treasury Examination (BCLTE). Niña Alviar, a certified public accountant who works in the Office of the City Treasurer, scored 91.38 percent to place fifth among 5,626 examinees in the...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
Government debt reached P14.24 trillion in July this year due to continued borrowing, but the peso's appreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by 10 percent in July from P12.89 trillion...
State-run Government Service Insurance System (GSIS) has made it mandatory for all government agencies to join its program which offers increased credit limits, extended repayment periods, and simplified application requirements. This directive was issued through GSIS Memorandum Circular No. 048,...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
(MANILA BULLETIN) ACT Teachers Party-list Rep. France Castro is prodding the Department of Health (DOH) to fill the 4,000 vacant plantilla positions for nurses in government-run hospitals with the over 13,000 contractual nurses in the country. DOH Secretary Ted...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
A Muntinlupa City Council committee wants the Skyway management to stop its construction of an off-ramp widening project in the city due to lack of permits. The project will result in narrowing of a portion of the West Service Road that will affect traffic flow. The Committee on...
The government sold all its short-term debt papers after interest rates dropped. On Monday, Sept. 4, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P15 billion as planned. The total bids reached P47.56 billion, an oversubscription of nearly two times the...
The bill seeking to lower the compulsory and optional retirement age for government personnel requires a comprehensive study to ensure that the policy would be sustainable as majority of public workers are deemed supportive of the measure. Sen. Sherwin Gatchalian (Senate PRIB Photo) ...
