Lingering anticipation over unwinding monetary policies in the United States pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Jan. 18, the coupon rate for new 10-year Treasury bond fetched 4.875 percent, up from an interest rate of...
Paranaque City Mayor Edwin Olivarez ordered the distribution of home care kits to COVID-19 patients and to those who are undergoing home quarantine in the city. According to Mar Jimenez, Public Information Office (PIO) chief, the home care kits contain a face mask, alcohol, disinfectant,...
An employee of the Taguig City government was arrested by the police in a buy-bust operation on Monday, Jan. 17. Southern Police District (SPD) director Brig. Gen. Jimili Macaraeg announced the seizure of P112,200 worth of suspected shabu (methamphetamine hydrochloride) in Taguig and Muntinlupa...
Senate Finance Committee chief Senator Sonny Angara on Tuesday gave assurance that the General Appropriations Act (GAA) 2022 contains the much-needed funding support for state-run hospitals and the strengthening of the country’s public healthcare system. Angara pointed out that the country’s...
Benchmark interest rates declined across the board at Monday's auction as inflation began showing signs of cooling down and investors await the policy tightening by the US Federal Reserve. The rate for the 91-day Treasury bill, which banks use in pricing their loans, dropped to 0.875 percent on...
The Philippines managed to cut new borrowings in November last year due to significantly lower financing from domestic creditors. Data from the Bureau of the Treasury showed that the national government’s gross borrowings reached P26.69 billion in November, down by 78 percent compared with...
The Government Service Insurance System (GSIS) is now granting an emergency loan to members and pensioners in six regions in the country affected by Typhoon "Odette." (JUAN CARLO DE VELA / MANILA BULLETIN) "I know our members and retirers need financial assistance, so we immediately opened an...
State-owned Government Service Insurance System (GSIS) is granting emergency loan to members and pensioners in six regions in the country that bore the brunt of Typhoon Odette. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager said Friday, Jan. 14, that active members...
(MANILA BULLETIN FILE PHOTO) The Department of Health (DOH) said there is nothing wrong with the decision of some local government units (LGUs) in declaring a "health break" in their respective jurisdiction amid the rising number of coronavirus disease (COVID-19) cases. DOH Undersecretary Maria...
The Bureau of the Treasury said the government has established its sustainable finance framework to support the country’s sustainability commitments. In a statement, the Treasury bureau said on Friday, Jan. 14, that the framework has set out how the the Philippine government intends to raise...
The Navotas City Hospital is set to complete its expansion and renovation this year, the hospital said on Wednesday, Jan. 12. Established in 2014, the Navotas City Hospital became the first-ever public hospital in the city that has served thousands of residents. “Habang patagal nang patagal,...
The House Committee on Good Government and Public Accountability has recommended the filing of graft charges against former Information and Communications Technology Undersecretary Eliseo Rio Jr. in connection with alleged irregularities in the implementation of the Pipol Konek Project in 2018....
