Debt payments by the Philippine government declined significantly in August due to lower principal payments to domestic creditor, data from the Bureau of the Treasury showed. The national government's debt servicing reached P75.08 billion last August, 51 percent lower than the P152.39 billion paid...
The Department of Science and Technology (DOST) has cited the significant role of the local government units in improving Filipinos’ quality of life through building sustainable communities and cities. (DOST-PCIEERD) DOST Secretary Fortunato “Boy” T. de la Peña said they consider LGUs as...
Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat urged tourism establishments anew to apply for the government's Safety Seal program to gain back the trust of tourists to travel again and help in the safe revival of the industry amid the pandemic. Safety Seal (FILE PHOTO) "The Safety...
Short-term benchmark interest rates slightly rose as investors anticipated inflation last month moved at a much faster pace than the government’s target. At a Bureau of the Treasury auction on Monday, Oct. 4, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans,...
Krizle Grace Mago, an incorporator and former regulatory officer of embattled Pharmally Pharmaceuticals Corporation, on Monday, Oct. 4 retracted her statement in admitting before the Senate that the firm had “swindled” government, stressing that it was a “pressured response” to a question...
The House Committee on Good Government held on Monday, Oct. 4 its last hearing on the motu propio inquiry into allegations of overpricing of medical supplies procured by government amid allegations that it has been bias in favor of state agencies and the embattled supplier, Pharmally...
The Duterte administration has substantially reduced new financing last August, taking up only about a fifth of the amount it borrowed from a year earlier, data from the Bureau of the Treasury showed. Gross borrowings only reached P117.74 billion in August which was 81 percent lower or by P495...
Krizle Mago, a pharmaceutical firm executive who went missing after testifying in the Senate against her own company, will testify again in a legislative inquiry but this time before members of the House of Representatives on Oct. 4, Monday. Krizle Mago, Pharmally executive Mago is now under the...
“Missing” Pharmally Pharmaceuticals Corp. executive Krizle Grace Mago was placed under “protective custody’ of the House of Representatives after presenting herself by her lonesome before the chamber’s sergeant-at-arms at around 6:30 pm on Friday, Oct. 1. Pharmally executive Krizle Mago...
Manila Water Co., Inc. is planning to invest P8 billion to develop and maintain the bulk water facility project it bagged under a 25-year concession agreement with the Provincial Government of Pangasinan. 36003 The Provincial Government of Pangasinan formally presented the Notice of Award to the...
Lawmakers vote to avert a possible government shutdown. (AFP/File) WASHINGTON, United States -- The US Senate announced it would vote on a stopgap funding bill Thursday to prevent a government shutdown with just hours to spare, as lawmakers stare down a number of deadlines with massive stakes for...
The nation government’s debt stock advanced at a much slower pace in August as debt repayments to foreign creditors softened the increase in domestic borrowings, data from the Bureau of the Treasury showed. The national government's outstanding obligations reached P11.642 trillion as of August...
