The benchmark interest rate on debt falling due in almost 12 years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Nov. 15. The interest rate of the 25-year IOUs, with a remaining life of 11 years and nine months, fetched 8.168 percent, lower than the original...
The Senate finance committee deemed the proposed P75.858 billion budget of the Optical Media Board (OMB) for 2023 to have been submitted for plenary decision. This after Senator Jose ‘’Jinggoy’’ Ejrercito Estrada, a movie actor and producer, failed to push through with his recommendation...
The Senate has approved the budget of the Judiciary for 2023 at the plenary level. The Judiciary’s budget includes the funds for the Supreme Court, lower courts, Presidential Electoral Tribunal, Sandiganbayan, Court of Appeals and Court of Tax Appeals. Sen. Sonny Angara, chairman of the Senate...
Senator Risa Hontiveros on Monday, November 14 reiterated her call for her colleagues to reconsider realigning the P150-million worth of confidential fund that is lodged under the proposed 2023 budget for the Department of Education (DepEd). Hontiveros pointed out the concurrent Secretary of DepEd,...
Recognizing the impact of bullying on students’ lives, the Department of Education (DepED) strengthens further its campaign on bullying reduction in schools by urging stakeholders to “get involved.” MB Visual Content Group “Every contribution, whether it's taking part in a school or...
Philippine National Bank reported a 53 percent drop in net income to P11.4 billion for the first nine months of 2022 from P24.25 billion in the same period last year due to substantial one-time gains in 2021. In a disclosure to the Philippine Stock Exchange, the bank said gross revenues fell 40...
The Makati City local government on Monday, Nov. 14, invited the public to participate in the 8th National Bicycle Day as part of the nation's efforts in promoting cycling as an alternative mode of transportation and climate change awareness. According to the local government, the 50-km cycling...
Seeking to find more ways for underprivileged Filipino students to afford college education, the House Committee on Higher and Technical Education on Monday, Nov. 14, approved a measure that would require the government to issue educational bonds to benefit underprivileged Filipino college...
The Department of Public Works and Highways (DPWH) conferred with the country’s building officials to refresh and update them on the intricacies of the National Building Code of the Philippines (NBCP). In a statement released on Monday, Nov. 14, DPWH Secretary Manuel Bonoan reminded the...
Senator Jinggoy Estrada said he will push for a P1-budget for the Optical Media Board (OMB) in next year’s proposed 2023 national budget. According to Estrada, the OMB had no performance whatsoever during the past year. “No collection, no apprehension of violators, none. Truly zero...
Senator Christopher “Bong” Go on Sunday, November 13, urged the government to make sure that former rebels are receiving the benefits that have been promised to them under the Enhanced Comprehensive Local Integration Program (ECLIP). ECLIP is a package of assistance provided to former rebels....
Just how close to enactment is the bill declaring Feb. 1 as annual 'National Hijab Day?' (Muhammad Ruqi Yaddin/ Unsplash) One of the proponents of the measure, Basilan lone district Rep. Mujiv Hataman, answered this question by posting a clever "pubmat" on his Facebook Saturday, Nov. 12. A check...
