Benchmark yields for short-term loans jumped after the central bank raised its policy rates last week, forcing the Bureau of the Treasury to partially borrow on Monday, Feb. 20. At an auction of Treasury bills, the national government raised a total of P13.05 billion, below the P15 billion program....
State-owned Government Service Insurance System (GSIS) now accepts optional non-life insurance (ONLI) premium payments and the corresponding taxes and fees from clients online through Land Bank of the Philippines. In a statement on Monday, Feb. 20, Wick Veloso, GSIS president and general manager,...
The adoption of the enhanced Land Sector Development Framework and Roadmap (LSDF) 2019-2040 has gained support and pledges from different organizations during the recent National Governance Summit. With the Department of Environment and Natural Resources-Land Management Bureau (DENR-LMB), together...
State-run Government Service Insurance System (GSIS) warned the public to be vigilant against scammers and fraudsters posing as employees or representatives of the pension fund over the phone or the Internet. Wick Veloso, GSIS president and general manager, said they strongly advise members and...
Around 15 personnel from the Local Government Unit of Tampilisan in Zamboanga del Norte have finished training on a technology that converts solid wastes into useful products, the Department of Science and Technology (DOST) said. (Photo courtesy of DOST) In a statement, DOST stated that they have...
The Bureau of the Treasury closed its retail bond offering ahead of schedule after demand reached more than government’s target. National Treasurer Rosalia V. De Leon announced on Wednesday, Feb. 15, that the bureau raised P283.71 billion through the sale of 5.5 year retail treasury bond...
The Department of Budget and Management (DBM) said that given the increase the increase in national tax allotment (NTA) shares, local government units (LGUs) will see a stronger exercise of autonomy once the full devolution is implemented. In a statement on Wednesday, Feb. 15, Budget Secretary...
The Civil Service Commission (CSC) has promulgated the implementing rules and regulations (IRR) granting night shift differential pay to government employees. Commuters wait for their ride along Riverside, Commonwealth Avenue, on June 7, 2022. This is the same situation in many parts of Metro...
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...
