President Marcos has ordered the release of the year-end bonus and cash gift for government employees this month, Malacañang announced on Tuesday, Nov. 4. “Sa ilalim ng administrasyon ni Pangulong Ferdinand R. Marcos Jr. maagang maipamimigay ng Department of Budget and Management o DBM ngayong...
The Department of Public Works and Highways (DPWH) announced on Monday, Nov. 3, that it is slashing construction material costs and cracking down on overpricing and corruption in government projects, potentially saving up to ₱60-B in 2026. The move follows President Marcos ' directive for...
The Marcos administration’s privatization income was cut by more than half at end-September, failing to meet targets despite the ₱820 million contribution from the Presidential Commission on Good Government (PCGG). Data from the Bureau of the Treasury (BTr) showed that revenues from the...
Despite the nearly two percent hike in foreign borrowings, the national government’s outstanding debt fell to ₱17.455 trillion in September, though officials warned that further reductions will depend heavily on the peso’s strength against the United States (US) dollar. National Treasurer...
State-run Government Service Insurance System (GSIS) reported a net income of ₱112 billion in the first nine months of the year, exceeding its target by ₱35.4 billion, due to strong financial health and operational efficiency. In a statement, Wick Veloso, GSIS president and general manager,...
Department of Public Works and Highways (DPWH) Secretary Vince Dizon on Tuesday, Oct. 28, vowed to scrap the complex formula for allocable and non-allocable funds and said budget allocations must reflect real community infrastructure needs, not political influence. The move follows the...
Teachers and government employees on Monday, October 27, expressed strong support for a congressional investigation into the reported P8.8 billion losses and alleged dubious investments of the Government Service Insurance System (GSIS). The Alliance of Concerned Teachers (ACT) Philippines backed...
A steady reliance on local lenders is driving the government’s debt, with overall borrowings growing 4.1 percent to ₱2.4 trillion in the first nine months of the year, bringing it just ₱200 billion shy of the revised ₱2.6 trillion ceiling. The Bureau of the Treasury (BTr) data showed the...
The Marcos government successfully raised ₱35 billion as planned through the sale of two government bonds, with mixed investor demand as risks tied to longer-dated securities dampened appetite while the shorter-tenored paper drew stronger interest. During the sale of the seven-year Treasury bonds...
The Philippine Embassy in Washington clarified that there is no current crackdown on Filipinos holding dual citizenships in the United States amid circulating reports claiming the contrary. In a statement on Monday, Oct. 20, the embassy denied social media reports saying that the US government is...
The Marcos administration has successfully borrowed ₱22 billion through the sale of short-dated Treasury bills (T-bills) at slightly lower costs, backed by relatively stable demand driven by the continued effect of the latest key policy rate easing. During the latest T-bills auction on Monday,...
Beyond its power to transform, technology can also be used as a weapon against corruption and a tool for good governance, Vice President Sara Duterte said on Monday, Oct. 20. The Vice President was the keynote speaker of the opening ceremony of the 51st Philippine Business Conference & Expo (PBC&E)...
