The Iglesia ni Cristo (INC) has urged the Senate to continue its investigation into alleged anomalies in thousands of flood control projects and called on the Independent Commission for Infrastructure (ICI) to make its hearings public to ensure transparency and accountability. INC Executive...
While there was subdued demand for longer-term debt securities owing to inflation worries, the Marcos government still managed to raise ₱35 billion as planned through the sale of two government bonds. During the sale of the 10-year Treasury bonds (T-bonds) on Tuesday, Oct. 7, the Bureau of the...
"You cannot paint everyone in government with the same brush as all of these corrupt operators that you see in government." This was what President Marcos said in an interview with The Manila Bulletin’s “The Sit Down" as he pointed out that corrupt officials are not the face of the government....
The national government’s debt settlements reached ₱1.54 trillion in the first eight months of the year, a slight decline from ₱1.55 trillion a year ago, even though August saw an almost 400 percent jump in required payments. Data from the Bureau of the Treasury (BTr) showed that the 0.7...
The Department of Labor and Employment (DOLE) has released ₱11 million to assist more than 1,500 workers whose livelihoods were disrupted by the strong earthquake that struck Cebu on Sept. 30. The aid will be distributed through the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers...
The United States Embassy in Manila announced that its social media platforms will not be updated with the federal government’s partial shutdown, although it assured that the passport and visa services will continue. This announcement was made in a recent post on X (formerly Twitter) by the...
State insurers Social Security System (SSS) and Government Service Insurance System (GSIS) have offered over ₱10 billion in calamity loans to extend financial aid to members in disaster-hit areas. This follows Department of Finance (DOF) Secretary Ralph G. Recto’s order to government financial...
President Marcos has expressed condolences to the families who lost loved ones in the 6.9-magnitude earthquake that struck Cebu Tuesday night, and assured that government agencies have been fully mobilized to respond to the disaster. “Buong puso akong nakikiramay sa mga pamilyang nawalan ng mahal...
Five new undersecretaries of the Department of Public Works and Highways (DPWH) were sworn in on Tuesday, Sept, 30, as part of a reorganization to strengthen operations and accountability in the department DPWH Secretary Vince Dizon said President Marcos signed the appointment papers of the...
Reversing its record high of ₱17.56 trillion in July, the national government’s outstanding debt shrank to ₱17.47 trillion in August, due to settlement of over half a trillion pesos in local bonds and stronger peso. Given this development, Finance Secretary Ralph G. Recto and National...
The Armed Forces of the Philippines (AFP) asserted Tuesday, Sept. 30, that it remains intact, professional, and loyal to the Constitution despite conflicting statements from top government officials on the state of the national government. “For us, we do not speak for the entire government. But...
Both foreign and domestic borrowings of the national government swelled by double digits in the first eight months of the year, leading to a 17.2 percent increase in the Marcos administration’s gross debt to ₱2.27 trillion as of end-August. Data from the Bureau of the Treasury (BTr) showed that...
