Marking the lowest amount in 2025, the national government’s planned borrowings for the final three months of the year stand at ₱437 billion, a reduction of ₱253 billion from ₱690 billion in the third quarter. Signed by National Treasurer Sharon Almanza, the Bureau of the Treasury (BTr)...
Department of Education (DepEd) Secretary Sonny Angara on Thursday, September 25, announced that Undersecretary Trygve L. Olaivar, who was linked to alleged irregularities in flood control projects, has requested a voluntary leave of absence from his post. “Usec. Olaivar has informed me he will...
Government Service Insurance System (GSIS) said its investments in DigiPlus Interactive Corp. have so far generated a total of ₱139 million in dividends since it injected ₱1 billion worth of funds into the gaming firm in 2023. “We already made ₱139 million from that [investment],” Jose...
The Marcos government borrowed only ₱27 billion of its planned ₱35 billion through the sale of two government bonds, as demand was weaker for both the three-year and 20-year bonds, while borrowing costs remained high for the latter. During the sale of reissued 20-year Treasury bonds (T-bonds)...
The Department of Public Works and Highways (DPWH) on Monday, Sept. 22, warned that fraudsters are impersonating Secretary Vince Dizon and other officials to steal money and personal information. The scammers reportedly would contact citizens through phone calls, sometimes claiming to be Dizon or...
Government agencies must reject greenwashing attempts of tobacco companies and other health-harming industries, public health advocacy group HealthJustice Philippines said on Saturday, Sept. 20, during the observance of the International Coastal Cleanup Day. Based on several studies, at least 4.5...
The country poured billions into flood control projects with no national master plan to guide them, Department of Public Works and Highways (DPWH) Secretary Vince Dizon admitted Friday, Sept. 19. He disclosed that during an initial internal investigation, contractors often could not produce...
The League of Cities of the Philippines (LCP) on Friday, Sept. 19, expressed its support for the President 's directive restoring the practice of requiring local government units (LGUs) to formally accept completed projects made by the national government in their respective areas of...
Vice President Sara Duterte hit the government anew for having “no stability at all” amid massive reports of corruption in infrastructure projects and the continuous politicking and posturing for the 2028 elections. “Oh, definitely, there is no stability at all with regard to our government...
The national government is now urged to seek approval from local government officials before starting any infrastructure projects in their areas of responsibility. This was what the members of the Metro Manila Council (MMC) agreed upon during its meeting on Tuesday, Sept. 16, as the policy-making...
The University of Santo Tomas (UST) has strongly condemned alleged corruption in government flood control projects, stressing that the misuse of public funds meant to prevent flooding in Manila and other parts of the country is a “betrayal of public trust.” In a statement released Wednesday,...
The Bureau of the Treasury expects that the Philippines’ potential inclusion in JPMorgan Chase & Co.’s emerging market government bond index will attract billions in new foreign investment, further integrating the country into global financial markets. National Treasurer Sharon P. Almanza told...
