The strengthening of the peso against the US dollar in November helped soften the rise in government debt, the Bureau of the Treasury reported. Based on the Treasury report on Tuesday, Jan. 3, the outstanding debt of the national government stood at P13.644 trillion at end-November, up by a...
Today, the start of a new year, we are unified by hope and willing to work toward the same goal – a better economy and a better life for all. Despite the significant increases in the prices of fuel, food, and services, 92 percent of Filipinos said they will face the new year with hope, according...
State-run Government Service Insurance System (GSIS) announced on Thursday, Dec. 29, that the pension fund will grant educational assistance to kin of its members. Wick Veloso, GSIS president and general manager said they will release P100 million in financial aid to 10,000 qualified children of...
The Marcos administration is planning to borrow P200 billion from domestic creditors in the first month of next year to finance the government’s budget deficit, data from the Bureau of the Treasury showed. Based on a Treasury memorandum posted on its website, the national government has raised...
The Danish government has lauded the Philippines for its efforts to comply with the standards set by the European Maritime Safety Agency (EMSA) for Filipino seafarers. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang Photo) Danish Ambassador Franz-Michael “Dan-Dan” Mellbin reaffirmed his...
State-run Government Service Insurance System (GSIS) is offering a housing loan and restructuring program for home loan borrowers and installment sale for buyers of its retail housing units. In a statement, Wick Veloso, GSIS president and general manager, said the two new programs aim to assist the...
CEBU CITY – Regular employees of the Cebu provincial government will have an extra cash to shell out for the holidays. The Provincial Board (PB) on Thursday, Dec. 22, approved the P13.8-million supplementary budget for the Special Recognition Incentives (SRI) for Capitol workers qualified to...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) has set sight on a new vision and strategy that is aligned with President Marcos’ directive. Alex L. Quiroz, GCG chairperson said the commission is taking on the challenge to be an esteemed institution for corporate...
The Department of Finance (DOF) underscored the importance of public access to local government financial data in monitoring and improving the performance of local government units (LGUs). Finance Undersecretary Cielo Magno said timely, pertinent, consistent, and openly accessible data on LGU...
The Philippines' digital transformation must go side-by-side with its continued infrastructure development. (Sam Albury/ Unsplash) Thus, reckoned Camarines Sur 2nd district Rep. LRay Villafuerte, who learned from Department of Information and Communications Technology (DICT) Secretary Ivan John Uy...
State-owned Government Service Insurance System (GSIS) said it would launch a housing program for government workers next year. In a statement, Wick Veloso, GSIS President and General Manager said the pension fund signed a memorandum of understanding (MOU) with the Department of Human Settlements...
The Government Service Insurance System (GSIS) has reminded its members and pensioners to pay their loans promptly and accurately to keep their benefits safe and secure. In a statement, Wick Veloso, GSIS president and general manager, said member-borrowers are urged to pay the correct loan...
