The Government Service Insurance System (GSIS) is set to release P3.7 billion in Christmas cash gifts to eligible pensioners starting Thursday, Dec. 5, two days earlier than the regular December pension schedule, to help them prepare for the holidays. Wick Veloso, GSIS president and general...
The Department of Energy (DOE) announced that all electric cooperatives (ECs) nationwide are exempted from taxes imposed by their local government units (LGUs). The memorandum was signed by Energy Secretary Raphael P.M. Lotilla and Finance Secretary Ralph G. Recto, represented by Undersecretary...
The national government debt breached the P16-trillion mark due to peso depreciation against the US dollar, the Bureau of the Treasury reported. The government's total outstanding debt stood at P16.02 trillion as of end-October 2024, a 0.8 percent or P126.95 billion increase from the end-September...
Yields on shorter-dated government IOUs mostly edged higher for the ninth consecutive week, driven by expectations of rising inflation and a strong US dollar. The Bureau of the Treasury successfully raised P15 billion from its latest Tresury-bill auction that attracted P57.0 billion in...
More than half of the country’s local government unit (LGU) population has already been digitally connected, with the Department of Information and Communications Technology (DICT) owing the digital advancement to the continued collaboration among government agencies. In a statement over the...
The Asian Development Bank (ADB) is pushing to equip local government units (LGUs) in the Philippines with the know-how to roll out more public-private partnership (PPP) projects. "The success of PPP projects largely depends on the capability of implementers. The PPP Center alone will not be able...
The Marcos administration borrowed more from local and foreign sources in the first 10 months of the year to bridge the government's budget deficit. Data from the Bureau of the Treasury showed that the national government's gross financing rose by 23 percent from January to October 2024 to P2.429...
Jose Arnulfo Veloso, president and general manager of the Government Service Insurance System (GSIS), was elected chairperson of the ASEAN Social Security Association (ASSA), tasked with leading efforts to bolster social security systems across Southeast Asia. "We gather at a pivotal moment when...
The United States has offered members of the Association of Southeast Asian Nations (ASEAN) its help to bolster their domain awareness to address cases of illegal intrusions and coercion. According to the US Defense Department, securing domain awareness is a foundational aspect of supporting its...
DILG Secretary Jonvic Remulla (left), Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte has hailed newly-confirmed Department of the Interior and Local Government (DILG) Secretary Jonvic...
Like in his previous foreign trip, President Marcos has once again designated three Cabinet officials as the government's caretaker while he is in the United Arab Emirates (UAE). President Ferdinand R. Marcos Jr. and First Lady LIza Araneta-Marcos (File Photo) Marcos has assigned anew an executive...
ACT-CIS Party-list Rep. Erwin Tulfo is seeking the enactment of a measure that would provide rank and file government employees a 10 percent discount on medicines--a big boon given current high cost of basic goods. The measure is titled, “An act granting rank and file government employees...
