Investor demand for the government’s short-term debt papers sustained its strength for the second consecutive week, as stable inflation pushed interest rates lower and heightened expectations of potential rate cuts by the Bangko Sentral ng Pilipinas (BSP). At Monday’s auction on Jan. 13, the...
State-owned Government Service Insurance System (GSIS) reported record loan disbursements totaling P289 billion last year, providing financial support to over 1.2 million government employees. In a statement, Wick Veloso, GSIS president and general manager, said the strong loan releases were driven...
The national government's debt service increased by more than half in November of last year as payments for interest and amortization soared. Data from the Bureau of the Treasury showed that the government’s debt payments reached P193.7 billion in November, a 65 percent increase compared to...
The Bureau of Internal Revenue (BIR) will now require government contractors to secure an updated tax clearance before the final settlement of a government contract to ensure they have no outstanding tax liabilities. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said this new policy,...
Peso depreciation against the US dollar, alongside net financing activities, further pushed the national government’s debt, which had recently breached the P16-trillion mark. Data from the Bureau of the Treasury (BTr), revealed that the government’s total outstanding debt stood at...
Expectations of further policy easing by the Bangko Sentral ng Pilipinas (BSP) took center stage in the first Bureau of the Treasury auction of the year, as investors snapped up government debt and pushed yields lower across the board. At Monday's auction, January 6, the Treasury bureau...
Despite a year-long trend of declining government support, state-owned corporations, particularly major non-financial institutions, received a substantial boost in subsidies in November last year Data from the Bureau of the Treasury (BTr) showed that state subsidies to government-owned and...
State-run Government Service Insurance System (GSIS) has allocated nearly P8.6 billion in emergency loans to assist 363,547 active members and old-age and disability pensioners affected by recent typhoons. In a statement, GSIS said the emergency loan program is open to active members and pensioners...
The national government substantially reduced its reliance on borrowing in November, cutting its total by nearly half compared to the same period last year, due to lower domestic borrowing. Based on the latest Bureau of the Treasury report, total gross borrowings in November 2024 plunged 48 percent...
“Stronger and closer ties” with the Philippines—that’s what the United States Embassy in Manila is looking forward to in 2025 as it gave a glimpse of the events that shaped the two countries’ relations this year. (US Embassy in the Philippines/MB file photo) “And...
The embassy of Japan in the Philippines has opened its application for the Japanese Studies and Teacher Training categories of the 2025 Japanese Government (Monbukagakusho) scholarship. Through the Japanese embassy in Manila , the Japanese government announced the opening of the scholarship...
More than three decades after the country embarked on a devolution agenda, a new Philippine Institute for Development Studies (PIDS) study raised critical issues in local government spending, particularly in light of the 2019 Mandanas ruling. According to PIDS, the Madanas ruling, which...
