Domestic investors locked in “sweet spot” medium-term bonds amid persistent external uncertainties, allowing the government to raise an initial ₱210 billion from retail treasury bonds (RTBs) on Tuesday, Aug. 5, as the offer period opened for local investors. During the launch of GBonds or...
President Marcos has signed a law that aims to optimize the national government for efficient public service delivery. Marcos signed Republic Act No. 12231 or the Government Optimization Act on Aug, 4. The law authorizes the President to optimize the operations of the Executive Branch by...
President Marcos has signed a law that aims to optimize the national government for efficient public service delivery. Marcos signed Republic Act No. 12231 also known as the Government Optimization Act on Aug, 4. The law authorizes the President to optimize the operations of the Executive Branch....
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
Over half a trillion pesos in total payments were slashed during the first six months of 2025, with domestic lenders receiving nearly ₱600 billion less in principal payments compared to what they had received from the Marcos administration in 2024. Data from the Bureau of the Treasury (BTr)...
BAGUIO CITY – Mayor Benjamin Magalong supports Senate President Chiz Escudero’s plan to file a bill that would prohibit relatives of public officials up to the fourth degree from entering into government contracts. Escudero proposed the law to eliminate the conflict of interest that persists in...
The national government’s outstanding debt breached the ₱17-trillion mark in June, reaching a fresh record high of ₱17.27 trillion. According to the latest data reported by the Bureau of the Treasury (BTr), the total debt stock bloated by 2.1 percent or ₱350 billion from the end-May figure....
Global trade jitters and the impending expiry of US tariff pauses failed to deter investors, as the Marcos administration’s debt sales saw robust demand, allowing the Bureau of the Treasury to raise ₱28.4 billion and continue its four-week trend of lower borrowing costs. During the sale of...
Despite the single-digit drop in domestic borrowings, the Marcos administration’s foreign debt rose by more than 50 percent in the first six months of the year, leading to a higher gross borrowing of ₱1.59 trillion from ₱1.57 trillion a year earlier. According to the Bureau of the Treasury...
A rare remittance from the Presidential Commission on Good Government (PCGG)—reportedly proceeds from the sale of a Claude Monet painting considered as ill-gotten wealth by the family of strongman Ferdinand Marcos Sr.—has helped triple the Marcos Jr. administration’s privatization revenues in...
To clear up allegations surrounding its financial status following a controversial investment, the Government Service Insurance System (GSIS) reported that its net income in the first six months of 2025 jumped by more than a quarter to ₱77 billion from ₱61 billion in the same period in 2024. In...
The United States will be providing about P13.8 million funding intended to help the Philippines in its response efforts amid the severe rains and flooding caused by consecutive storms and the enhanced southwest monsoon. The US Embassy in Manila announced on Friday, July 25, that the US government...
