The Philippines is now ready to move forward from the Covid-19 crisis, but the government must now allow private hospitals to procure vaccines on their own as part of the long-term plans in dealing with the virus. GoNegosyo Founder Joey Concepcion made the call during a recent town hall meeting...
The Department of Finance (DOF) will continue borrowing mostly from the domestic debt markets under the Marcos administration on the back of the growing appetite of Filipino retail investors in government securities. In a statement on Tuesday, Aug. 23, Finance Secretary Benjamin E. Diokno said...
The House of Representatives Committee on Local Government has approved a piece of legislation that mandates the creation of Barangay Pulung Bulu in the City of San Fernando, Pampanga. The panel– which is chaired by Valenzuela 1st district Rep. Rex Gatchalian–approved on first reading House...
Benchmark yields for short-term loans went up after the Bangko Sentral ng Pilipinas (BSP) delivered another large interest rate hike last week. At Monday's auction of Treasury bills on Aug. 22, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, rose to 2.070 percent...
Outstanding jail personnel, local government units (LGUs) and other government agencies were honored as the Bureau of Jail Management and Penology (BJMP) celebrated its 31st founding anniversary on Monday, Aug. 22. With the theme ‘Matatag na Pamamahala ng Piitan, Kasangga Tungo sa Mas Ligtas na...
The House Committees on Good Government and Public Accountability and on Agriculture will conduct their second joint briefing on the botched importation of 300,000 metric tons (MTs) of sugar on Monday, Aug. 22. (San Jose del Monte City lone district Rep. Florida Robes Facebook) Key individuals have...
Senator Robin Padilla on Friday, Aug. 19 expressed concern over students who are “becoming left". During a hearing of the Senate Committee on Basic Education, Padilla particularly mentioned artists who are getting affiliated with the left, which he said is a problem. “Hindi po ba kayo napasok...
President Ferdinand Marcos Jr. will sell his first retail Treasury bond (RTB) to small Filipino savers, the Bureau of the Treasury announced on Friday, Aug. 19. In a notice, the Treasury bureau said the national government will launch next week another RTB, offering a minimum principal amount of...
The benchmark interest rate on debt falling due in almost 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Aug. 16. The interest rate of the 10-year IOUs, with a remaining life of nine-years and 10 months, fetched 5.813 percent, lower than the...
Yields on short-term government borrowings increased as investors expect the Bangko Sentral ng Pilipinas (BSP) to raise key policy rates this week. At an auction of Treasury bills on Monday, Aug. 15, the bellwether 91-day rate, which banks use in pricing their loans, inched up to 1.874 percent from...
Senator Lito Lapid wants government advisories, public announcements, and other forms of information to be disseminated in what he described as “plain language". Senator Lito Lapid (Senate PRIB) Thus, the Senator filed Senate Bill (SB) 273 or the “Plain Language in Government Documents Act"....
Debt payments down 41% in H1 Debt payments by the national government went down by 41 percent in the first semester of the year due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P458.35 billion in January to June this year,...
