The Government Service Insurance System (GSIS) has appointed Juliet M. Bautista as officer-in-charge after the Office of the Ombudsman ordered the suspension of President and General Manager Jose Arnulfo “Wick” Veloso and six other executives over the ₱1.45 billion purchase of preferred...
With the Philippines being flagged as one of the developing countries that spent more than 10 percent of its income on debt repayments in 2023, the Department of Finance (DOF) argued that the fiscal strain stemming from mounting debt payments remains under control. “We’re managing it,” DOF...
The Navotas City government, in partnership with Valenzuela Medical Center, conducted a mass blood donation drive as part of the National Voluntary Blood Services Program on Thursday, July 17. The City Health Office led in promoting voluntary blood donation to help ensure a sufficient and safe...
The government-ordered revamp of Philippine Health Insurance Corp. (PhilHealth), which aims to address inefficiencies and operational challenges within the state health insurer, will last up to three years before services see substantial improvements. Last month, the Governance Commission for...
The country’s oldest business group is urging President Ferdinand Marcos Jr. to advance his administration’s entire agenda through a single bill, similar to the One Big Beautiful Bill recently signed into law by United States (US) President Donald Trump. The Chamber of Commerce of the...
The Navotas City government announced the suspension of afternoon classes in several public and private schools on Friday, July 11, due to high tide flooding in parts of the city. According to the local government, the Disaster Risk Reduction and Management Office (DRRMO) recommended the class...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
Despite some improvements in the national government’s debt payments in May, over half a trillion pesos was still slashed from total payments in the first five months of the year, resulting in a 42.4 percent decline by end-May. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
Senator Panfilo “Ping” Lacson has filed a bill that would allow public servants who have served for at least nine (9) years in government a chance to qualify for the retirement packages of the Government Service Insurance System (GSIS). The bill, entitled “An Act Providing for Voluntary...
The national government’s outstanding debt reached ₱16.92 trillion in May, setting a new record high as it neared the ₱17-trillion mark, from ₱16.75 trillion at end-April. According to the latest data reported by the Bureau of the Treasury (BTr), the one-percent, or ₱166.2-billion,...
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...
