The Department of Public Works and Highways (DPWH) on Thursday, Nov. 13, mourned the passing of its Sorsogon-based colleague, Engineer Larry Reyes, and asked the public to respect the privacy of the family amid unverified reports circulating online. In a statement, the DPWH said the entire...
The Government Service Insurance System (GSIS) has rolled out a three-month grace period on emergency loan payments for its members and pensioners in affected areas to ease the financial burden on Filipinos recovering from the devastation of Typhoons Tino and Uwan. In a statement, the pension fund...
MADRID (AP) — The longest U.S. government shutdown on record is doing more than grind activities to a halt at home; an ocean away in Europe, local workers at U.S. military bases have started to feel the pain. Thousands of people working at overseas bases in Europe have had their salaries...
President Marcos assured the people of Cebu that the national government will remain on the ground to help families recover from the devastation brought by Typhoon Tino. Speaking after a situation briefing at the Cebu Provincial Capitol on Friday, Nov. 7, Marcos said the government’s priority is...
President Marcos has ordered the release of the year-end bonus and cash gift for government employees this month, Malacañang announced on Tuesday, Nov. 4. “Sa ilalim ng administrasyon ni Pangulong Ferdinand R. Marcos Jr. maagang maipamimigay ng Department of Budget and Management o DBM ngayong...
The Department of Public Works and Highways (DPWH) announced on Monday, Nov. 3, that it is slashing construction material costs and cracking down on overpricing and corruption in government projects, potentially saving up to ₱60-B in 2026. The move follows President Marcos ' directive for...
The Marcos administration’s privatization income was cut by more than half at end-September, failing to meet targets despite the ₱820 million contribution from the Presidential Commission on Good Government (PCGG). Data from the Bureau of the Treasury (BTr) showed that revenues from the...
Despite the nearly two percent hike in foreign borrowings, the national government’s outstanding debt fell to ₱17.455 trillion in September, though officials warned that further reductions will depend heavily on the peso’s strength against the United States (US) dollar. National Treasurer...
State-run Government Service Insurance System (GSIS) reported a net income of ₱112 billion in the first nine months of the year, exceeding its target by ₱35.4 billion, due to strong financial health and operational efficiency. In a statement, Wick Veloso, GSIS president and general manager,...
Department of Public Works and Highways (DPWH) Secretary Vince Dizon on Tuesday, Oct. 28, vowed to scrap the complex formula for allocable and non-allocable funds and said budget allocations must reflect real community infrastructure needs, not political influence. The move follows the...
Teachers and government employees on Monday, October 27, expressed strong support for a congressional investigation into the reported P8.8 billion losses and alleged dubious investments of the Government Service Insurance System (GSIS). The Alliance of Concerned Teachers (ACT) Philippines backed...
A steady reliance on local lenders is driving the government’s debt, with overall borrowings growing 4.1 percent to ₱2.4 trillion in the first nine months of the year, bringing it just ₱200 billion shy of the revised ₱2.6 trillion ceiling. The Bureau of the Treasury (BTr) data showed the...
