The Marcos administration is planning to borrow P200 billion from domestic creditors in the first month of next year to finance the government’s budget deficit, data from the Bureau of the Treasury showed. Based on a Treasury memorandum posted on its website, the national government has raised...
The Civil Service Commission has announced that a total of 12,800 examinees passed the Fire Officer Examination (FOE), Penology Officer Examination (POE), and the Basic Competency on Local Treasury Examination (BCLTE). (Photo courtesy of CSC) According to CSC, a total of 10,115 examinees passed the...
The Bureau of the Treasury cancelled its last borrowing plan for the year given the government’s better than expected revenue collection performance, resulting in lower borrowing than originally planned. National Treasurer Rosalia V. De Leon said on Monday, Dec. 12, that the bureau already...
Debt payments of the national government dropped by more than half in October this year due to lower amortization, data from the Bureau of the Treasury showed. Marcos administration’s debt servicing reached P39.82 billion in October, down 55 percent more O89.06 billion paid out in the same month...
The Philippine goverment must take prompt decisive actions on the latest sanctions imposed by the United States (US) Department of Treasury against controversial preacher Apollo Quiboloy, the Gabriela Women’s Party said on Sunday, Dec. 11. Gabriela Rep. Arlene Brosas (left) and Pastor Apollo...
The legal team of televangelist Pastor Apollo Quiboloy and his church, the Kingdom of Jesus Christ (KOJC), has lamented the alleged lack of due process when the United States imposed sanctions on their client, who they said is not convicted of any crime yet. They made the reaction on Saturday after...
A good development. ACT Teachers Party-list Rep. France Castro (House of Representatives website) That's how Deputy Minority leader and ACT Teachers party-list Rep. France Castro described the developments in the stateside cases against Kingdom of Jesus Christ, The Name Above Every Name (KOJC)...
Government debt stock rose anew in October this year due to new loans and weakening peso, data from the Bureau of the Treasury revealed. As of October 2022, the national government’s outstanding debt stood at P13.641 trillion, up 14 percent compared with P11.971 trillion in the same period last...
The Bureau of the Treasury assured the public that the government will impose safeguard measures to ensure the integrity of the proposed Maharlika Wealth Fund (MWF). In a statement, National Treasurer Rosalia V. De Leon said on Wednesday, Dec. 7, that the bureau supports the establishment of a P250...
The Bureau of the Treasury made a full-award on Tuesday, Dec. 6, after the benchmark interest rate on debt falling due in almost 12-years settled within the secondary market levels. The interest rate of the reissued 25-year IOUs, with a remaining life of 11-years and 11-months, fetched 7.189...
Senate Majority Leader Joel Villanueva today threw his support behind plans of the Department of Finance (DOF) to launch retail treasury bonds targeted at overseas Filipino workers (OFWs). This, according to Villanueva, is s a great investment opportunity for the OFWs described as the country’s...
Benchmark yields for short-term loans moved sideways, prompting the Bureau of the Treasury to reject bids for one-year notes. At Monday's auction of Treasury bills on Dec. 5, the bellwether 91-day Treasury bill rate dropped to 4.089 percent from 4.205 percent last week. This is also lower than the...
