The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by nearly half in November 2021 and bulk of it went only to three state-run companies. Data from the Bureau of the Treasury showed that financial support extended to...
Aspiring president Vice President Leni Robredo has called out the government for its lack of initiative in holding fake news peddlers accountable. Vice President Leni Robredo (OVP photo) Robredo aired her concern in a radio interview on Sunday, Jan. 9, on the government's action against the...
The Government Service Insurance System (GSIS) announced that it will limit its onsite operations following the imposition of the Alert Level 3 in the National Capital Region (NCR). GSIS In an advisory, GSIS said its Head Office in Pasay City and its branch offices in Mindanao Avenue, Quezon City,...
The Department of Finance (DOF) said the Philippines has secured about $800 million worth of financing from multilateral development banks (MDBS) in December to ensure the government has funds to procure coronavirus booster shots. Finance Undersecretary Bayani H. Agabin said on Friday, Jan. 7, that...
The government rejected all bids for long-term debt papers as investors sought a higher yield. At the Bureau of the Treasury’s auction on Tuesday, Jan. 4, investors had sought a return of 4.814 percent for the reissued seven-year Treasury bonds, higher than the previous yield of 4.468 percent...
Short-term benchmark interest rates dipped as investors anticipated slower inflation following the implementation of fuel price rollbacks in December, the Bureau of the Treasury said on Monday, Jan. 3. The yield on three-month papers, which banks use in pricing their loans, eased to 1.075 percent...
Presidential aspirant Senator Panfilo “Ping” Lacson said he hopes that development projects being pushed by lawmakers would undergo at least proper planning and consultation with local authorities as well as implementing agencies starting next year and beyond. Lacson said the country cannot...
The national government’s debt declined last month due to repayments and favorable foreign exchange, the Bureau of the Treasury reported on Wednesday, Dec. 29. The total outstanding debt of the government slightly went down by P39.7 billion or 0.3 percent to P11.931 trillion in November from...
The Department of Budget and Management (DBM) has released additional funds to local government units (LGUs) and frontline agencies to aid their operations in addressing the damages caused by Typhoon Odette. In a statement, the DBM said it has disbursed P1.83 billion in funding, bringing the...
Collections of locally sourced revenues (LSRs) slightly dipped in the third-quarter, as provinces, cities, and municipalities continue to rely heavily on their respective internal revenue allotment (IRA) shares to fund operations and programs. In a report to Finance Secretary Carlos G. Dominguez...
Senator Sherwin Gatchalian on Tuesday called on the Department of Trade and Industry (DTI) to boost its information campaign on the availability of soft loans and financial grant programs to micro, small and medium enterprises (MSMEs) that were affected by Typhoon Odette. Gatchalian said doing so...
Will the government workers left out from Malacañang's yearend service recognition incentive (SRI) get their own gratuity pay? Cabinet Secretary Karlo Nograles (Malacañang photo) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles did not close the door on this and instead...
