The total outstanding debt of the government reached a new record high of ₱16.75 trillion in April, an increase of ₱68.7 billion, or 0.4 percent, from the previous month, driven by higher domestic borrowings amid strong demand for government securities. Latest data from the Bureau of the...
The Senate has approved on third and final reading the measure seeking to empower the President to optimize positions in government. Twenty-two (22) senators voted in the affirmative for Senate Bill No. 890 or the proposed Government Optimization Act during the Senate’s plenary session on Monday,...
President Marcos has declared the third week of May every year as the "Open Government Week." Marcos made the declaration through Proclamation No. 916 on May 29 in order to promote transparent, participatory, inclusive, and accountable governance. The declaration was in line with the international...
The Marcos administration’s ongoing campaign to privatize regional airports in the country is supported by Gokongwei-led Cebu Pacific, which emphasized that airport improvements would further strengthen the airline’s initiative to expand capacity. Cebu Pacific aims to grow its passenger volume...
The national government lowered its borrowings to ₱1.14 trillion from January to April 2025, down by ₱28 billion from last year’s ₱1.16 trillion, mainly due to the massive decline in borrowings from local lenders. According to the Bureau of the Treasury (BTr), the January-to-April figure...
State-run Government Service Insurance System (GSIS) is offering government workers a chance to escape high-interest loans through its enhanced Ginhawa Max Loan Buyout program, which directly addresses the financial struggles many public servants face. In a statement, Wick Veloso, GSIS president...
State-run Government Service Insurance System (GSIS) has allocated over ₱22 million in emergency loans for its members and pensioners in La Paz, Agusan del Sur, who were affected by flooding and extended rainfall. Aside from members, the allocation would also cover the old-age and disability...
Following the Cabinet reshuffle, 168 heads of government-owned and controlled corporations (GOCCs) have also been ordered by the President Ferdinand Marcos Jr. to file their courtesy resignations. According to a follow-up notice by the Governance Commission for GOCCs (GCG) issued on Wednesday, May...
The national government has raised more than its offered amount of ₱25 billion through short-term debt papers, as demand from local creditors soared despite lower interest rates driven by expectations of further rate cuts in the coming months. At Monday’s auction on May 26, the Bureau of the...
The removal from office of two Overseas Workers Welfare Administration (OWWA) officials should serve as a warning to all government officials to do away from anomalies or else they will be fired by the President, Malacañang warned. Palace Press Officer and Communications Undersecretary Claire...
The Marcos administration has successfully borrowed ₱30 billion from the sale of long-term debt securities, but borrowing costs climbed amid dampened creditor interest due to elevated US bond yields following Moody’s downgrade of its credit rating. At Tuesday’s auction, the Bureau of the...
The Department of the Interior and Local Government (DILG) has set up a program that provides barangays with manuals to guide them on appropriate and adequate response to various levels and phases of disasters. Dubbed as “Kap is Ready,” the DILG explained that it is a comprehensive manual...
