The Department of Finance (DOF) remained confident that the national government’s debt ratio would decline during the Marcos administration despite its recent uptick in the third-quarter. Finance Secretary Benjamin E. Diokno said the government’s ability to pay its debts continues to improve...
Japan government donation turn over ceremony on Nov. 25, 2022 at the Lung Center of the Philippines. (Photo courtesy: DOH Official Facebook Page) The Philippines has received cold chain and medical equipment from the Japanese government to aid the country’s fight against the Covid-19 pandemic. A...
Local government units (LGUs) should optimize their increased budgets from the Mandanas-ruling in setting up plans on capital investments to address basic and growing needs of their constituents, the Cabinet official said. In a statement, Finance Secretary Benjamin Diokno said the full devolution...
Domestic borrowing program of the Marcos administration for December dropped due to fewer workweeks during holiday season. Based on the Treasury advisory on Thursday, Nov. 24, the December financing plan of the Bureau of the Treasury declined by 32 percent to P135 billion from P215 billion in the...
The Department of Finance (DOF) has vowed to resolve the complicated military and uniformed personnel (MUP) retirement and pension system that continues to take a heavy toll on the government’s yearly budget. Finance Secretary Benjamin E. Diokno said on Wednesday, Nov. 23, that the MUP pension...
Civil Service Commission (CSC) Chairperson Karlo Nograles urged civil servants to avail themselves of the financial education program to be offered soon by the agency. Civil Service Commission (CSC) Chairman Karlo Alexei Nograles (Senate PRIB Photo) Nograles made the statement during the Bangko...
Benchmark yields for short-term loans moved sideways, prompting the Bureau of the Treasury to partially borrow. At Monday's auction of Treasury bills on Nov. 21, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to 4.375 percent from 4.464 percent last week....
BACOLOD CITY -- Government workers here are expected to receive bonuses amounting to a minimum of P47,517 to a maximum of P148,891 before the year ends. After recovering from Covid-19 infection, regular, co-terminus, plantilla casual employees as well as retirees within the calendar year stand to...
House Speaker Martin Romualdez has reiterated the lower chamber's commitment toward the digital transformation being sought by the Marcos administration. House Speaker Martin Romualdez (left, standing) and President Ferdinand "Bongbong" Marcos Jr. (2nd from right) meet with journalists at the APEC...
State-owned Government Service Insurance System (GSIS) will adopt 25 public schools in partnership with the Department of Education (DepEd). Wick Veloso, GSIS president and general manager, said that as of the pension fund’s corporate social responsibility called “Adopt-A-School Program”...
The benchmark interest rate on debt falling due in almost 12 years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Nov. 15. The interest rate of the 25-year IOUs, with a remaining life of 11 years and nine months, fetched 8.168 percent, lower than the original...
Benchmark yields for short-term loans went up ahead of the Bangko Sentral ng Pilipinas' (BSP) policy meeting. At Monday's auction of Treasury bills on Nov. 14, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, rose to 4.464 percent from 4.350 percent last week. The...
