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,...
The Bureau of the Treasury made a full-award on Tuesday, Jan. 31, after the benchmark interest rate on debt falling due in almost 12 years settled within the secondary market levels. The interest rate of the reissued 25-year IOUs, with a remaining life of 12-years and eight-months, fetched 6.197...
The World Bank has granted a fresh P32.7-billion loan to the Philippines to boost the country’s resiliency and sustainability of its financial sector as well as strengthen economic recovery from the pandemic. In a statement on Tuesday, Jan. 31, the Washington-based lender said its approved the...
Benchmark yields for short-term loans went down on the back of strong demand. At Monday's auction of Treasury bills on Jan. 30, the national government raised P15 billion as programmed after total demand reached P61.85 billion The 91-day Treasury bill rate declined to 4.152 percent from 4.211...
Senate Minority Leader Aquilino Pimentel III said on Thursday, January 26, he is saddened that his motion to refer the controversial Maharlike Investment Fund (MIF) bill to the Senate Committee on Government Corporations and Public Enterprises was not considered by his colleagues. Pimentel had...
