The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the...
Senatorial aspirant and human rights lawyer Chel Diokno on Monday, Dec. 6, reckoned that the continued rise in the Philippines’ outstanding debt stock is a cause for concern. Human rights lawyer Chel Diokno Diokno noted that the government debt of almost P12 trillion is 10 times higher than the...
The Government Insurance System (GSIS) will release the 2021 Christmas Cash Gift amounting to a total of P3.2 billion to its old-age and disability pensioners starting Dec. 6. (NOEL PABALAE / MANILA BULLETIN) "Amid the challenges we're facing due to the pandemic, we still wish to provide a happy...
State-run Government Service Insurance System (GSIS) said that its pensioners will start receiving their Christmas cash gifts by early next week. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager, said the pension fund has allotted P3.2 billion for the 2021 Christmas...
Muntinlupa emerged as one of the 10 top performing cities in local revenue generation in the country in 2020. The Bureau of Local Government Finance under the Department of Finance issued the list of the national top performing provinces, cities and municipalities in local revenue generation for...
The Government Service Insurance System (GSIS) unveiled on Tuesday, Nov. 30, its new branding campaign dubbed "Ginhawa for All." GSIS In a statement released Wednesday, Dec. 1, GSIS President and Manager Rolando Ledesma Macasaet said the rebranding program aims to make its products and services...
The Philippine government’s outstanding debt nears the P12-trillion mark in October this year due to higher domestic borrowings, the Bureau of the Treasury reported on Wednesday, Dec. 1. As of October 2021, the national government’s total debt reached P11.971 trillion, up by P54.48 billion...
The Government Service Insurance System (GSIS) announced on Tuesday, Nov. 30 that their improved pension loan can now be availed by old-age pensioners. GSIS "Ang GSIS enhanced pension loan ay ang dating GSIS pension loan na pinaganda ang features upang mas matugunan ang pinansyal na pangangailangan...
President Duterte hinted on Monday night, Nov. 29 that there's a certain female undersecretary who doesn't want to get vaccinated from the coronavirus disease (COVID-19). President Rodrigo Duterte listens to a Cabinet member's presentation during his 'Talk to the People" public briefing on Nov. 29,...
Ninety-five percent of Government Service Insurance System (GSIS) workers have already been vaccinated against coronavirus disease (COVID-19). (AFP / MANILA BULLETIN) In a statement on Monday, Nov. 29, GSIS President and General Manager Rolando Ledesma Macasaet said a total of 4,361 of 4,581 GSIS...
Gov’t borrows P360 billion from small investors By Chino S. Leyco The Duterte government completed its borrowing from small investors through the sale of retail Treasury bonds (RTB), the Bureau of the Treasury announced. In a statement, Monday, Nov. 29, the Treasury said the government sold...
PH new borrowings cut by 78% The national government cut new borrowings in October on the back of improving revenue collections. Data from the Bureau of the Treasury showed that the Duterte administration’s gross borrowings last month dropped 78 percent to P145.78 billion from P663.21 billion in...
