The Government Service Insurance System (GSIS) headquarters in Pasay City has secured the safety seal certification for compliance with the Covid-19 minimum health protocols. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager, said the pension fund was awarded the safety...
After more than a month of partial award, the Bureau of the Treasury has finally made a full award of its short-term borrowing program as interest rates eased across the board. At Monday's auction, April 4, yields on short-term government debt papers declined, with the returns on the 91-day...
Senatorial candidate and Sorsogon Governor Francis “Chiz” Escudero said he would pursue the establishment of a shelter for the elderly and abandoned members of the lesbian, gay, bisexual and transgender (LGBT) community in every local government unit (LGU) across the country should he win a...
Malacañang has assailed the International Coalition for Human Rights in the Philippines (ICHRP) after it called for global Magnitsky sanctions on the so-called "Dirty Dozen" of rights violators in the country including President Duterte. The International Coalition for Human Rights in the...
Government debt continued to snowball in February, driven mainly by both domestic and offshore borrowings as well as foreign exchange fluctuations. The Bureau of the Treasury reported Thursday, March 31, that the outstanding debt of the national government stood at P12.093 trillion as of February,...
The national government’s budget deficit narrowed in February this year owing to lower public spending. Data from the Bureau of the Treasury showed that the government incurred a P105.8 billion fiscal gap during the month, down by nine percent from P116 billion in February 2021. The slimmer...
Like insurgency, terrorism, and maritime disputes, the national government should address environmental challenges with the same intensity as solving security issues to ease its worsening impact on the lives of the Filipinos, a think tank has disclosed. (File photo) Stratbase ADR Institute...
Presidential Communications Operations Office (PCOO) Secretary Martin Andanar is optimistic about the future of the government's media and communications industry in the Philippines as various programs and projects under the Duterte administration are now in progress. RODRIGUEZ_03172022-28...
Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans. At Monday’s auction, March 28, the yield on the 91-day Treasury bill, which banks use in pricing their loans, rose to 1.587 percent from 1.536 percent a week ago. The government accepted P5...
Dividends remitted by government-owned or controlled corporations (GOCCs) surpassed its pre-pandemic collection last year, driven by the fiscal discipline imposed on state-run firms, the Department of Finance (DOF) said. Data from the DOF’s Corporate Affairs Group (CAG) showed on Monday, March...
PhilHealth, PCIC accounting norms monitored By Chino S. Leyco The Insurance Commission (IC) is closely monitoring the compliance of the Philippine Health Insurance Corp. (PhilHealth) and the Philippine Crop Insurance Corp. (PCIC) with the directive of the Department of Finance (DOF) to adopt...
Independent presidential candidate and Senator Panfilo "Ping" Lacson said he will reform the controversial pork barrel system as well as the ugly culture of patronage politics in the Philippines should he win the presidency in the May 2022 elections. To do this, Lacson sought the cooperation of his...
