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USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Skywalks in Cebu City: Rama wants to remove these, replace with underpasses
CEBU CITY, Philippines – City Mayor Michael Rama wants to remove all remaining skywalks in Cebu City. He expressed that these skywalks were “not effective” and cited that, due to them, there was no longer a way for a sidewalk, as they reduced the width of the road. READ: Skywalks along Osmeña Blvd to be.....»»
Double pay for workers reporting on Holy Week
Workers nationwide may opt to enjoy a long holiday break or hefty pay this Holy Week......»»
Overpriced pay parking fees? Report this to Cebu City Hall, says councilor
CEBU CITY, Philippines —A Cebu City councilor is urging the public to report to the city hall pay parking areas collecting overpriced fees. Cebu City Councilor James Cuenco, the city council’s chairman of the Committee on Transportation, Councilor James Cuenco urged those with concerns of overpriced parking fees to contact his office and tell them the.....»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»
Davao Oriental under state of calamity
The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»
State firms spent better in February
State agencies recorded a better spending rate as of February as the government ramped up the release of its cash allocations to fund various projects......»»
MAP wants Metro under ‘state of traffic calamity’
Business group Management Association of the Philippines (MAP) is calling on the government to declare a “state of traffic calamity” in Metro Manila, citing the economic losses from the congestion on roads......»»
AsPac govts spending heavily on digital security
As state agencies fall victim to cyber attacks, the public sector in Asia Pacific, including in the Philippines, is investing at least $7 billion this year for the upgrade of digital defenses......»»
DepEd, DOH, DSWD top performing agencies – survey
The Department of Education received the highest satisfaction rating and remained the most trusted among government agencies included in a survey conducted by the OCTA Research group......»»
DHSUD affirms support to local government, agencies
Firm support of local government units and bolstered coordination with other agencies has been committed by the Department of Human Settlements and Urban Development after the signing of a joint memorandum circular on public financial management......»»
OFW aspirants told: Engage with licensed recruitment agencies only
CEBU CITY, Philippines — The regional director of the Department of Migrant Workers in Central Visayas (DMW-7) warned aspiring Overseas Filipino Workers (OFWs) to engage with only legitimate and licensed recruitment agencies. Lawyer Karl Arriola, DMW-7 director, told CDN Digital that even if he was a lawyer, he still subscribed to the doctors’ advice: Prevention.....»»
SEC to share data with more government agencies
The Securities and Exchange Commission (SEC) is teaming up with more government agencies to boost efforts to combat money laundering and terrorism financing......»»
LGUs, agencies urged to use geohazard maps
Former environment secretary Lito Atienza has urged concerned agencies and local government units to use geohazard maps prepared by the Department of Environment and Natural Resources to mitigate impacts of natural disasters on human life......»»
House panel probes PUVMP agencies
Claiming that the government’s public utility vehicle modernization program is going nowhere, House of Representatives transportation committee chair Rep. Romeo Acop has launched an investigation into the financial statements of the government agencies implementing the PUVMP......»»
Hold agency heads accountable for Gov website, email hacking
A network of digital advocates urged the government to hold accountable the heads of the agencies affected by the hacking of government sites and emails. Digital Pinoys national campaigner Ronald Gustilo said that the heads of agencies affected by the hacking on government email and websites should be dealt with swiftly as the attacks came […].....»»
Nat’l, local agencies in San Carlos plan for disasters, emergencies
Nat’l, local agencies in San Carlos plan for disasters, emergencies.....»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
So long to Sky Cable
News is out that Sky Cable will sign off by month’s end, making it the second major broadcast carrier and communications conglomerate to write 30 in as many months, after CNN Philippines last January. PLDT’s purchase of the cable provider has finally been approved by the concerned agencies, so Sky pay TV will transition to Cignal while still retaining its broadband service......»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»