By DERCO ROSAL A weaker peso, coupled with higher import prices, cautious US Federal Reserve signals, and the recent reserve ratio cut, pushed short-term government debt interest rates higher for four consecutive weeks. At Monday’s auction, Oct 28, the Bureau of the Treasury (BTr) raised...
The C-130 from Singapore (Philippine Air Force) House Speaker Martin Romualdez thanked the Singaporean government for their generous assistance to the victims of typhoon "Kristine", particularly its lending of air force assets that...
The Philippines will borrow $67.34 million (over P3.9 billion) from the World Bank to modernize Filipino civil servants. An Oct. 25 document disclosed that the Washington-based multilateral lender's board is expected to green-light its investment project financing for the Philippines Civil...
Senator Loren Legarda on Sunday, October 27 called on local chief executives to make a strategic shift in disaster risk reduction and management to bolster the country’s resilience to disasters and natural calamities. Legarda said that following the widespread devastation wrought by severe...
The Philippines, the United States, and Japan have started discussing ways to strengthen economic resilience in the face of economic coercion. Senior government officials from the three countries on Friday, Oct. 25, held an informal trilateral discussion in Manila to strengthen close coordination...
Former Department of Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. (Mark Balmores/MANILA BULLETIN) Former Department of Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. is urging the...
President Marcos has reminded government officials to always keep in mind that there are people still struggling in flooded areas due to typhoon Kristine, telling them to respond to them as quickly as possible. President Ferdinand Marcos Jr. presides over a situation briefing on the effects of...
State-owned Government Service Insurance System (GSIS) said it is closely monitoring typhoon-hit regions and will immediately offer loans to eligible members and pensioners once an area is declared under state of calamity. “GSIS is monitoring other areas in the Bicol Region, CALABARZON, MIMAROPA,...
Additional revenues generated by the national government from privatization of its idle assets jumped 472.5 percent to P3.12 billion as of end-September. The latest Bureau of the Treasury (BTr) data on Thursday, Oct. 24, showed privatization proceeds almost quintupled from P544.88 million in the...
The Department of Foreign Affairs (DFA) has yet to receive a formal extradition request from the United States for Apollo Quiboloy, the agency’s top diplomat said. Kingdom of Jesus Christ (KOJC) Pastor Apollo Quiboloy faces senators for the first time during the public hearing of the Senate...
The Philippines is the World Bank's fifth-biggest borrower for the second-straight year, coinciding with the first two years in office of President Ferdinand R. Marcos Jr. The World Bank's latest Annual Report disclosed on Oct. 18 showed that in fiscal year 2024 covering the period July 1, 2023 to...
By DERCO ROSAL Interest rates on short-term government debt continued to increase for three consecutive weeks due to falling oil prices, relatively strong investor demand, and anticipation of the reserve requirement ratio (RRR) cut taking effect on Oct. 25. At Monday’s auction, Oct 21, the Bureau...
