The Marcos administration fell short of its borrowing target from short-term debt papers, as interest rates remained elevated despite the Bangko Sentral ng Pilipinas’ (BSP) recent rate cut and expectations of another, amid escalating tensions in the Middle East. The national government raised...
Admitting that former president Rodrigo Duterte has lost a lot of weight while in detention at the Scheveningen Prison in The Hague, Netherlands, Vice President Sara Duterte called on Filipinos in Australia for them to appeal to the Australian government for intervention in her father’s case. ...
The Anti-Red Tape Authority (ARTA) is ramping up its efforts to make the Philippines more attractive for investors by cracking down on local government units (LGUs) that have yet to comply with the government’s mandate in ease of doing business. Last week, ARTA Secretary Ernesto Perez shared...
Despite weaker investor demand and marginally higher interest costs, the government continued exceeding its ₱25-billion borrowing target, raising ₱26.7 billion from short-term debt papers, as it took advantage of still relatively stable borrowing costs ahead of potential inflation pressures and...
The Armed Forces of the Philippines (AFP) welcomed the possible deployment of a second battery of the Typhon mid-range capability (MRC) to the country by the United States government. AFP spokesperson Colonel Francel Margareth Padilla said the move will further strengthen the deterrence...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has secured an over ₱14-million funding from the Manila-based Asian Development Bank (ADB) to harmonize and digitize reporting among state corporations. In 2025, we are proud and honored to have created a partnership...
The Philippines’ outstanding foreign debt rose by 6.6 percent in the first quarter of the year, as the government borrowed more to fund infrastructure and budgetary needs, while private banks tapped foreign lenders for short-term financing to manage liquidity. Data from the Bangko Sentral ng...
The Philippines has a "low" sovereign debt risk despite its ballooning obligations, but think tank Capital Economics cautioned that emerging markets (EMs) with better managed public finances should not rest on their laurels amid lingering fiscal strains. In a June 12 report authored by Capital...
The lack of concern for the needs of the people is the true foe of freedom, President Marcos said on Independence Day as he slammed government officials who abuse their positions and abandon their duties. Speaking at the celebration of the 127th anniversary of Philippine Independence and...
Despite lower demand from local investors, the Marcos administration has successfully borrowed its planned ₱30 billion through the sale of long-term debt securities at higher interest rates, amid reduced chances of US Federal Reserve rate cuts. At an auction on Tuesday, June 10, the Bureau of the...
Despite a sharp increase in the national government’s debt payments in April, over half a trillion pesos was trimmed from total payments in the first four months of the year, leading to a 45.7 percent decline by end-April. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
State-run Government Service Insurance System (GSIS) has reported that more than 99 percent of its transactions in the first half of 2025 were conducted online. From January to June, nearly all GSIS services, such as applying for loans and checking member information, were available via the GSIS...
