The Navotas City government announced the suspension of afternoon classes in several public and private schools on Friday, July 11, due to high tide flooding in parts of the city. According to the local government, the Disaster Risk Reduction and Management Office (DRRMO) recommended the class...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
Despite some improvements in the national government’s debt payments in May, over half a trillion pesos was still slashed from total payments in the first five months of the year, resulting in a 42.4 percent decline by end-May. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
Senator Panfilo “Ping” Lacson has filed a bill that would allow public servants who have served for at least nine (9) years in government a chance to qualify for the retirement packages of the Government Service Insurance System (GSIS). The bill, entitled “An Act Providing for Voluntary...
The national government’s outstanding debt reached ₱16.92 trillion in May, setting a new record high as it neared the ₱17-trillion mark, from ₱16.75 trillion at end-April. According to the latest data reported by the Bureau of the Treasury (BTr), the one-percent, or ₱166.2-billion,...
Despite softer demand and higher costs, the Marcos administration successfully borrowed its planned ₱30 billion through the resale of long-term debt securities, following the tentative ceasefire in the Middle East and signals from the Bangko Sentral ng Pilipinas (BSP) of a potential rate cut by...
The Government Service Insurance System (GSIS), the state-run pension fund for public-sector workers, reported strong growth in non-life insurance operations while it opened its new Quezon City hub to better serve members and pensioners. In a statement on Monday, June 30, the GSIS disclosed that...
The national government’s planned borrowings for the third quarter of 2025 were reduced by ₱45 billion to ₱690 billion from ₱735 billion in the previous quarter, with a major downscaling in the sales of long-term debt securities. Signed by National Treasurer Sharon Almanza, two separate...
Due to the relatively lower borrowings from domestic lenders, the Marcos administration has reduced its gross borrowings to ₱1.33 trillion for the first five months of 2025, a decrease of ₱90 billion from last year’s ₱1.42 trillion. According to the Bureau of the Treasury (BTr), the...
A 2.1-meter high tide and a broken river wall caused floodwaters to rise to neck level in Barangay San Jose, Navotas City on Saturday, June 28. Some residents ' houses were submerged, prompting them to call for rescue. The Navotas City Disaster Risk Reduction and Management Office (DRRMO)...
The Marcos administration only borrowed ₱35.1 billion through long-term debt sales, falling short of its ₱40-billion target, as fiscal and debt concerns over the United States ' tax plan pushed up bond rates. At the auction on Wednesday, June 25, the Bureau of the Treasury (BTr) awarded...
State-run Government Service Insurance System (GSIS) has disbursed a combined total of ₱413.4 billion, covering 1.9 million approved loan applications under its Ginhawa Flex and Ginhawa Lite programs. GSIS President and General Manager Wick Veloso reported during the pension fund’s...
