The Bureau of the Treasury has assigned two state-owned banks to arrange the upcoming launch of a retail dollar bond (RDB) offering. The Land Bank of the Philippines and the Development Bank of the Philippines (DBP) are tasked with leading and managing the retail bond sale targeting small...
(MANILA BULLETIN) Did you know that a total of 143 local government units (LGUs) in the country don't have fire stations? Congressmen learned about this during the House Committee on Appropriations' deliberation on the 2024 budget of the Department of the Interior...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
How would you feel if the government were to borrow some of your hard-earned savings from the banks? Well, generally, banks do not take your feelings into consideration. In reality, they are allowed to utilize the savings of their depositors, which are sitting idle in their vaults, and invest them....
The Senate Committee on Finance will carefully scrutinize all government projects under the proposed P5.768-trillion national budget for 2024 that are allegedly bloated by 328 percent. Sen. Sonny Angara (Senate PRIB Photo) Sen. Juan Edgardo “Sonny” Angara, chairman of the...
In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
The Bureau of Customs has completed the construction of a new sub-port building at the Mindanao Container Terminal (MCT) in Misamis Oriental, aimed at bolstering revenue collection and improving services for stakeholders. Located within the Phividec Industrial Estate in Tagoloan, Misamis Oriental,...
The Muntinlupa City government has established its own Cooperative Development Council to benefit cooperatives. Mayor Ruffy Biazon signed Ordinance No. 2023-102 passed by the Muntinlupa City Council, “creating the Cooperative Development Council of Muntinlupa, defining its objectives,...
The Philippines is “doing the first step” to becoming a federal government “in all but name,” President Ferdinand “Bongbong” Marcos Jr. said on Thursday, Aug. 24. President Ferdinand Marcos Jr. at the oath-taking of new members of his political party--Partido Federal ng Pilipinas--in...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expects that speeding up government spending during the second half of the year could improve the country’s growth rate by the end of 2023. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
The Quezon City government announced on Sunday, Aug. 20, that it launched a program that will provide job opportunities to 300 of the city's persons with disabilities (PWDs) as part of its commitment to ensure inclusivity and equal opportunity to the most vulnerable sectors in the city. Through the...
