Despite softer demand and higher costs, the Marcos administration successfully borrowed its planned ₱30 billion through the resale of long-term debt securities, following the tentative ceasefire in the Middle East and signals from the Bangko Sentral ng Pilipinas (BSP) of a potential rate cut by...
The Government Service Insurance System (GSIS), the state-run pension fund for public-sector workers, reported strong growth in non-life insurance operations while it opened its new Quezon City hub to better serve members and pensioners. In a statement on Monday, June 30, the GSIS disclosed that...
The national government’s planned borrowings for the third quarter of 2025 were reduced by ₱45 billion to ₱690 billion from ₱735 billion in the previous quarter, with a major downscaling in the sales of long-term debt securities. Signed by National Treasurer Sharon Almanza, two separate...
Due to the relatively lower borrowings from domestic lenders, the Marcos administration has reduced its gross borrowings to ₱1.33 trillion for the first five months of 2025, a decrease of ₱90 billion from last year’s ₱1.42 trillion. According to the Bureau of the Treasury (BTr), the...
A 2.1-meter high tide and a broken river wall caused floodwaters to rise to neck level in Barangay San Jose, Navotas City on Saturday, June 28. Some residents ' houses were submerged, prompting them to call for rescue. The Navotas City Disaster Risk Reduction and Management Office (DRRMO)...
The Marcos administration only borrowed ₱35.1 billion through long-term debt sales, falling short of its ₱40-billion target, as fiscal and debt concerns over the United States ' tax plan pushed up bond rates. At the auction on Wednesday, June 25, the Bureau of the Treasury (BTr) awarded...
State-run Government Service Insurance System (GSIS) has disbursed a combined total of ₱413.4 billion, covering 1.9 million approved loan applications under its Ginhawa Flex and Ginhawa Lite programs. GSIS President and General Manager Wick Veloso reported during the pension fund’s...
The Marcos administration fell short of its borrowing target from short-term debt papers, as interest rates remained elevated despite the Bangko Sentral ng Pilipinas’ (BSP) recent rate cut and expectations of another, amid escalating tensions in the Middle East. The national government raised...
Admitting that former president Rodrigo Duterte has lost a lot of weight while in detention at the Scheveningen Prison in The Hague, Netherlands, Vice President Sara Duterte called on Filipinos in Australia for them to appeal to the Australian government for intervention in her father’s case. ...
The Anti-Red Tape Authority (ARTA) is ramping up its efforts to make the Philippines more attractive for investors by cracking down on local government units (LGUs) that have yet to comply with the government’s mandate in ease of doing business. Last week, ARTA Secretary Ernesto Perez shared...
Despite weaker investor demand and marginally higher interest costs, the government continued exceeding its ₱25-billion borrowing target, raising ₱26.7 billion from short-term debt papers, as it took advantage of still relatively stable borrowing costs ahead of potential inflation pressures and...
The Armed Forces of the Philippines (AFP) welcomed the possible deployment of a second battery of the Typhon mid-range capability (MRC) to the country by the United States government. AFP spokesperson Colonel Francel Margareth Padilla said the move will further strengthen the deterrence...
