Former President Duterte borrowed P6.843 trillion in total during his six years in Malacañang, driven mainly by his administration’s borrowing spree at the height of the pandemic, data from the Bureau of the Treasury showed. From a government debt of P5.948 trillion when former President Duterte...
State-run Government Service Insurance System (GSIS) is encouraging its members and pensioners affected by the recent earthquake in Abra to avail of the pension fund’s emergency loan. Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said their emergency loan program is now open...
The Indonesian government has awarded its highly-regarded token of service to two of the Philippines’ former highest military officials for the successful rescue of three Indonesian fishermen abducted by the Abu Sayyaf Group (ASG) in 2019. Indonesian President Joko Widodo, through Indonesian...
The Muntinlupa City government took eighth place among cities in the Philippines in collection efficiency of local revenues in 2021. The Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF) announced the top performing provinces, cities, and municipalities based on...
The national government borrowed more than expected after interest rate for long-term Philippine debt papers declined. At a Bureau of the Treasury auction on Tuesday, Aug. 2, the coupon rate for the 3.5-year Treasury bond fetched at 5.250 percent, below the secondary market rate of 5.489 percent....
Philippine benchmark interest rates for six-month and one-year loans rose, while the yield for three-month papers dropped. On Monday, Aug. 1, auction of bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to 2.090 percent from 2.273 percent previously. The Bureau...
Parañaque City 1st District Representative Edwin Olivarez said the planned rightsizing of the bureaucracy by the Marcos administration must ensure that government agencies remain efficient and functional and must prioritize the welfare of government workers. Olivarez was elected chairman of the...
State-run Government Service Insurance System (GSIS) expressed willingness to manage the military and uniformed personnel (MUP) pension fund once it is enacted into law. Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said pension fund is open to cooperate with the national...
Former President Duterte borrowed P1 trillion in his final six months in Malacañang. Data from the Bureau of the Treasury showed that the national government’s net borrowings hit P1.021 trillion from January to June this year. This amount, however, was 40 percent lower compared with P1.719...
The Government of Japan and UNICEF Philippines turned over 400 educational tablets containing digital learning materials in select mother tongues of Eastern Visayas to support at least 800 Samar and Norther Samar learners classified as non-readers and struggling readers. UNICEF Philippines Digital...
A total of 100 Abu Sayyaf Group (ASG) members and supporters surrendered in Sulu on Saturday, July 30, the Department of the Interior and Local Government (DILG) said. DILG Secretary Benjamin ‘Benhur’ Abalos Jr. led the formal surrender and acceptance of the former violent extremists (FVEs) in...
JOHN Lantungan, president of the Luneta Miner's Association Inc. in Itogon, Benguet, points to the area where a concrete retaining wall must be built. ITOGON, Benguet – Residents of this town, mostly pocket miners, have asked the government for help in repairing and constructing concrete...
