Bicol Saro Party-list Rep. Brian Yamsuan (Facebook) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has called on his colleagues in Congress to swiftly approve the measure seeking to mandate local government units (LGUs) to allot a portion of their...
President Marcos' chief economic manager said that his directive to remit unused funds from government-owned and controlled corporations (GOCCs) is prudent to improve resource management and minimize reliance on additional borrowing. In a recent radio interview, Finance Secretary Ralph G. Recto...
Pasig City Mayor Vico N. Sotto now has two graft complaints filed against him before the Office of the Ombudsman (OMB). The graft charge that was received by the OMB last July 30 involved the receipt by Pasig City employees of commemmorative t-shirts instead of P1,500 cash allowance during the 2024...
State-run Government Service Insurance System (GSIS) said it plans to broaden its insurance program to cover additional government-owned properties aside from public schools. Wick Veloso, GSIS president and general manager, stated that they intend to expand the coverage of the National...
Senator Alan Peter Cayetano urged the government to implement a more efficient approach in distributing financial assistance noting how administrative costs are eating up on the funds instead of benefitting Filipinos in need. Cayetano said with the government agencies’...
The measure seeking to fully digitalize government transactions has advanced further in the Senate following the formal filing of the committee report consolidating all bills on e-governance. Sen. Alan Peter Cayetano, chairman of the Senate Committee on Science and Technology, introduced...
In support of local medical services, the Philippine Health Insurance Corporation (PhilHealth) has allocated P239 million to the Quezon City government. (Photo from PhilHealth) PhilHealth President and CEO Emmanuel R. Ledesma, Jr. personally handed the check to Quezon City Mayor Joy Belmonte,...
State-run Government Service Insurance System (GSIS) has extended the restructuring program for service loans (RPSL) until May next year to provide borrowers with more time to take advantage of longer and more manageable payment terms. In a statement, Wick Veloso, GSIS president and general...
The debt paid by the national government has already amounted to around P1.28 trillion in the first six months of this year, data from the Bureau of the Treasury (BTr) showed. Latest data from the Treasury showed that the Marcos administration paid a total of P1.283 trillion from January to June...
Senate President Pro Tempore Jinggoy Ejercito Estrada on Sunday, August 11 renewed his call for the Chinese government to immediately stop its aggression against the Philippines. Estrada made the appeal after the Armed Forces of the Philippines (AFP) accused China’s air force of...
The proportion of the country's outstanding debt relative to its overall economic output returned to its post-pandemic peak in the second quarter, data from the Bureau of the Treasury revealed. Despite a higher growth rate, the gross domestic product (GDP) failed to keep pace with the government's...
The Department of Finance (DOF) announced that the national government's interest payments are expected to surge by double digits next year due to refinancing of loans obtained during the pandemic. Finance Secretary Ralph G. Recto said on Monday, Aug. 5, that the government expects an 11 percent...
