Benchmark yields for short-term loans rose, prompting the Bureau of the Treasury to borrow less than planned. At Monday's auction of Treasury bills on Feb. 13, the national government raised P14.6 billion, below the P15 billion program. Total demand reached P32.2 billion The 91-day Treasury bill...
The Department of Budget Management (DBM) said the national government will help capacitate local government units (LGUs) in the process of devolution of government services until full implementation. In a statement on Monday, Feb. 13, Budget Secretary Amenah F. Pangandama said the DBM will conduct...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) initiated a dialogue with the Clark Development Corp. (CDC) to come up with an amicable solution to the Compensation and Position Classification System (CPCS). In a statement, Alex L. Quiroz, GCG chairperson said they...
Department of the Interior and Local Government Secretary Benjamin “Benhur” Abalos Jr. and Indian Ambassador Shambhu Kumaran signed a memorandum of agreement (MOA) on Tuesday, Feb. 7, granting the Philippine government $50,000 each for its quick impact projects. In a press briefing, Abalos...
Small Filipino savers wanting to take a piece of the government’s retail Treasury bond (RTB) sale would earn higher interest rates than prevailing market rates. The Bureau of the Treasury launched on Tuesday, Feb. 7, the government’s new 5.5 year RTB, raising an initial P162.2 billion as total...
Civil Service Commission (CSC) Chairperson Karlo Nograles took part in the recent Global Government Summit (GGS), meeting with global senior government officials in the event held in Singapore. Philippine Civil Service Commission (CSC) Chairperson Karlo Nograles had a bilateral meeting yesterday...
Benchmark yields for short-term loans moved sideways, but fell below secondary market rates. At Monday's auction of Treasury bills on Feb. 6, the national government raised P15 billion as programmed after total demand reached P37.78 billion The 91-day Treasury bill rate increased slightly to 4.186...
The Government Service Insurance System (GSIS) posted a record-high P6.8 billion gross premium written (GPW) in its non-life insurance business for last year as more agencies move to secure state-owned assets, making the pension fund the country's largest non-life insurer in the country. In a...
Senator Ramon “Bong” Revilla Jr. on Sunday, February 5, urged the Senate to expedite the passage of the bills that seek to lower the optional retirement age of government workers from 60 to 56 years old. Revilla made the call following the recent passage of House Bill No. 206 on third and final...
Senator Francis ‘Tol’ N. Tolentino on Thursday, January 2, emphasized the urgent need to amend the country’s current procurement law to avert similar anomalous procurement processes which were previously flagged down by the country’s state auditors. Tolentino said that just like any living...
The House of Representatives has overwhelmingly passed on third and final reading the bill seeking to lower the optional retirement age for government personnel from the current 60 years old to 56 years old. The House plenary (Ellson Quismorio/ MANILA BULLETIN) Approved during the plenary session...
Department of Public Works and Highways (DPWH) Senior Undersecretary Emil Sadain has presented the Philippines' “build back better’’ approach in the planning for infrastructure projects at the International Recovery Forum (IRF) 2023 in Kobe, Japan. In a statement released on Tuesday, Jan. 31,...
