The Governance Commission for Government Owned or Controlled Corporations (GCG) has secured an over ₱14-million funding from the Manila-based Asian Development Bank (ADB) to harmonize and digitize reporting among state corporations. In 2025, we are proud and honored to have created a partnership...
The Philippines’ outstanding foreign debt rose by 6.6 percent in the first quarter of the year, as the government borrowed more to fund infrastructure and budgetary needs, while private banks tapped foreign lenders for short-term financing to manage liquidity. Data from the Bangko Sentral ng...
The Philippines has a "low" sovereign debt risk despite its ballooning obligations, but think tank Capital Economics cautioned that emerging markets (EMs) with better managed public finances should not rest on their laurels amid lingering fiscal strains. In a June 12 report authored by Capital...
The lack of concern for the needs of the people is the true foe of freedom, President Marcos said on Independence Day as he slammed government officials who abuse their positions and abandon their duties. Speaking at the celebration of the 127th anniversary of Philippine Independence and...
Despite lower demand from local investors, the Marcos administration has successfully borrowed its planned ₱30 billion through the sale of long-term debt securities at higher interest rates, amid reduced chances of US Federal Reserve rate cuts. At an auction on Tuesday, June 10, the Bureau of the...
Despite a sharp increase in the national government’s debt payments in April, over half a trillion pesos was trimmed from total payments in the first four months of the year, leading to a 45.7 percent decline by end-April. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
State-run Government Service Insurance System (GSIS) has reported that more than 99 percent of its transactions in the first half of 2025 were conducted online. From January to June, nearly all GSIS services, such as applying for loans and checking member information, were available via the GSIS...
More executives from 78 government-owned and/or -controlled corporations (GOCCs) have turned in their resignation letters to the Palace, according to the Governance Commission for GOCCs’ (GCG) latest report as of June 4. Three more presidents and chief executive officers (CEOs) have submitted...
More than 200 executives from 69 government-owned and/or -controlled corporations (GOCCs) have so far tendered their courtesy resignations, according to the Governance Commission for GOCCs (GCG). As of June 3, the total number of GOCC officials who have submitted courtesy resignations to President...
The state-run Government Service Insurance System (GSIS) will release the June pension payments two days early, on Friday, June 6, instead of the usual eighth of the month. According to the GSIS, the adjusted date of release would fall on Eid’l Adha, which has been declared a regular nationwide...
ILOILO CITY – The construction of the new government center for the province of Antique is 55 percent complete, Engr. Vincent Ron Encarnacion of the Provincial Engineer’s Office reported to Gov. Rhodora “Dodod” Cadiao. Among the finished work is the installation of rebars for the ground...
The Marcos Jr. administration 's chief economic manager has allayed concerns about the rising public debt level, claiming that the national government maintains prudent fiscal management. Asked on Tuesday, June 3, if there 's anything to worry about regarding debt accumulation, especially...
