With an expanding portfolio of insured properties from government agencies, the Government Service Insurance System (GSIS) has emerged as the largest non-life insurer in the country. Wick Veloso, GSIS president and general manager, said the pension fund's gross premiums written (GPW) for its...
Sen. Francis Tolentino sent to the Hague Academy of Local Governance in the Netherlands for a five-day study mission on local governance and innovation for local economic development Local Government Unit (LGU) officials to help them stay abreast with the innovations and strategies implemented by...
President Marcos has released P265 million to the areas affected by the recent floods in Mindanao caused by the flooding and landslides triggered by the shear line and trough or extension of a low-pressure area (LPA) in the Davao Region. DAVAO FLOODING — President Ferdinand 'Bongbong' Marcos...
The Department of Energy (DOE), via its Energy Utilization Management Bureau (EUMB), will be issuing guidelines that shall govern the installations of solar photovoltaic (PV) systems at government-owned entities. In a draft Circular issued by the energy department, it stipulated that it will be...
The rift between Taguig and Makati over the 10 EMBO (enlisted men’s barrio) barangays continued with the closure of day care centers in the areas. The Taguig City government denied allegations by the Makati City government that it did not prepare to open new day care centers in the...
The news of the country's debt nearing P15 trillion is undoubtedly alarming. It raises the question of why the government continues to borrow extensively, despite its significant indebtedness. While many Filipinos tend to avoid borrowing, viewing debt as inherently negative and a sign of poor...
The Philippine government remains steadfast in its commitment to provide efficient and transparent public service as it assured Filipinos that measures are underway to fight corruption in the government. Transparency International Executive Secretary Lucas Bersamin said this after it was reported...
The Bureau of Customs seized over 3,100 liters of unmarked fuels with a total worth of P10.5 million in Bataan after it failed to pass the fuel marking test. The Bureau of Customs (BOC) Intelligence and Investigation Service-Manila International Container Port (CIIS-MICP), along with agents from...
The Marcos administration amassed a total of P1.2 trillion in new debt during its first full-year in Malacañang. Data from the Bureau of the Treasury showed that the national government concluded 2023 with a total outstanding debt of P14.616 trillion, nine percent or P1.197 trillion higher...
The government successfully raised funds through the sale of short-term debt papers despite higher interest rates caused by recent volatility in the US dollar and peso. The 91-day Treasury bill saw an increase to an average of 5.398 percent compared to the previous week's 5.306 percent, yet the...
President Marcos urged government officials and workers to reach out to the people and listen to their grievances, so they can address the problems that affect the country. President Ferdinand ‘Bongbong’ Marcos Jr. waves to the crowd as he arrives at the Quirino Grandstand in Manila on Sunday,...
The United States government has partnered with the Philippine military and the provincial government of Cagayan in hosting a workshop that would enhance the town of Amulung’s capabilities and collaboration of civilian and military first responders during calamities. The Cagayan Disaster Response...
