The Government Service Insurance System (GSIS) has announced its readiness to provide emergency loans to its members and pensioners in Mindanao who have been affected by heavy rainfall, leading to flash floods and landslides. In a statement, Wick Veloso, GSIS president and general manager, said...
Finance Secretary Ralph G. Recto has dismissed worries about the country's ballooning debt stock, affirming the government's capability to meet all maturing financial obligations. Recto said that the current total government debt, which amounted to P14.51 trillion as of November last year,...
The country's weather bureau said it is willing to work with civil society organizations to disseminate disaster risk awareness information to the marginalized sector. (PAGASA) In the event titled "MAGHANDA: Communicating Hazards, Risks, and Early Warning for Policymakers," the Philippine...
The Department of Finance (DOF) announced that the national government plans to borrow from small Filipino investors in the first three months of the year to cover its budget shortfall. In statement on Friday, Jan. 19, the DOF has stated that the Bureau of the Treasury is preparing to issue another...
Former Subic Bay Metropolitan Authority (SBMA) Chairman Jonathan Tan is now an undersecretary at the Department of the Interior and Local Government (DILG). MOVING — President Ferdinand 'Bongbong' Marcos Jr. administers the oath of office of Jonathan Tan as a new undersecretary at the...
The Department of Finance (DOF) reported a substantial increase in dividends remitted by state-run companies last year, with over half of the total amount came from the Bangko Sentral ng Pilipinas (BSP). Data from the DOF showed that government-owned or -controlled corporations (GOCCs) sent a total...
The Department of Budget and Management (DBM) is confident that the national government has achieved its infrastructure spending target for last year. In the latest national government disbursement performance report, the DBM stated that the overall infrastructure spending for January to December...
The Civil Service Commission (CSC) is calling for nominations for the 2024 Search for Outstanding Government Workers to recognize civil servants who have shown utmost dedication and commitment to their work and inspire other state employees toward deeper involvement in public service. The deadline...
Senator Alan Peter Cayetano on Friday, January 5, 2024 expressed his outrage over the City of Makati’s decision to deprive the 10 EMBO (Enlisted Men’s Barrio) barangays of a smooth transition to the City of Taguig. Cayetano expressed his sentiment in a Facebook Live on his official page,...
As the new year approaches, the Bureau of the Treasury reported that the national government's debt remained below the full-year target set by the Marcos administration for 2023. At end-November last year, the national government's outstanding debt stood at P14.509 trillion, still P114 billion...
The Government Service Insurance System (GSIS) has urged its members to take advantage of its improved lending program designed for state workers. In a statement, GSIS President and General Manager Wick Veloso said over 258,000 government employees and Department of Education (DepEd) teachers have...
As the year drew to a close, the Marcos administration had ramped up the government's borrowing, particularly in the domestic market, data from the Bureau of the Treasury showed. The national government’s gross borrowings surged by 28 percent to P125.5 billion in November last year from P97.9...
