The Governance Commission for GOCCs (GCG) has shuttered a government-owned and/or -controlled corporation (GOCC) established by former President Ferdinand E. Marcos Sr. to design an airplane—but which failed to do so in its 50 years of existence. In a memorandum order dated May 7, the GCG gave...
The Marcos administration’s subsidies to government-owned and/or -controlled corporations (GOCCs) increased by 15.3 percent to ₱22.6 billion in the first quarter of 2025 from ₱19.6 billion a year earlier. According to the latest data from the Bureau of the Treasury (BTr), the increase in...
Calling all college students interested in government work. The Department of Social Welfare and Development (DSWD) on Friday, May 16 announced the opening of applications for the 2025 Government Internship Program (GIP), set to take place from May 19 to 21. DSWD spokesperson Assistant Secretary...
The Navotas City government launched a program offering rice at P20 per kilo in support of the Department of Agriculture’s (DA) Rice Project. The launch was held on Wednesday, May 14 at the Kadiwa Center in Navotas City Hall and Agora Market. According to the Public Information Office (PIO),...
Clark International Airport Corp. (CIAC) has remitted ₱282 million in dividends to the Bureau of the Treasury (BTr), its highest remittance to the national government yet. CIAC, the aviation and land development arm of the state-run Bases Conversion and Development Authority (BCDA), said these...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-dated debt papers, with creditor appetite remaining relatively high despite the drop in interest rates following the peaceful results of the midterm elections. At Tuesday’s auction on May 13, the...
Government spending related to the May 12 midterm elections—frontloaded expenditures prior to the polls as well as the resumption of delayed projects due to the election ban—would likely spill over into the second quarter and support first-half economic growth, economists said. "While the...
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury...
Borrowing rates for short-dated T-bills rose across the board on Monday, May 5, but it didn 't stop the Bureau of the Treasury (BTr) from raising the ₱25 billion it sought to borrow. In a statement, the BTr said it awarded ₱8 billion in the benchmark 91-day treasury bills at 5.573...
Senator Imee Marcos has called on the Office of the Ombudsman to investigate several top government officials over their alleged roles in the arrest and detention of former President Rodrigo Roa Duterte. Senator Imee Marcos In a press conference on Tuesday, April 29, Marcos said there are possible...
Department of Trade and Industry (DTI) Secretary Cristina Roque is set to fly to the United States (US) next week, as Philippine trade and economic officials would meet with the Trump administration to address the imposition of the currently paused tariffs. Roque told reporters on Friday, April 25,...
Flag carrier Philippine Airlines (PAL) is seeking approval from the United States (US) government to extend its flight operations between Manila and Seattle, as Asia’s oldest airline moves to strengthen its presence in the North American market. In its application letter before the US Department...
