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Philippines debt hits record P14.6 trillion
The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»
BDO readies SMC financial war chest for NAIA
The country’s largest bank is preparing the financing package that will fund the P122.3-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), with San Miguel Corp. (SMC) just weeks away from signing the concession for the project on March 18......»»
GSIS, PNB allot P1.2 billion for affordable housing
State-run pension fund Government Service Insurance System has teamed up with Lucio Tan-led Philippine National Bank to earmark P1.2 billion to construct affordable houses and address the backlog in the country......»»
Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
Choco Mucho joins PVL sister team Creamline as Allianz PNB Life ambassadors
Don’t be surprised if sister teams Creamline and Choco Mucho end up battling in a dream finals encore in the Premier Volleyball League, which ushers in its All-Filipino Conference on February 20 in Smart Araneta Coliseum......»»
ERC suspends reserve market settlement
The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»
Recto: No new tax on junk food, sweetened drinks
Finance Secretary Ralph Recto is not inclined to impose additional consumption-based taxes such as on junk food and sweetened beverages as these measures can be inflationary, while the debt level remains manageable and does not warrant extra burden on Filipinos......»»
Nueva Ecija provincial government told to return P96.8 million unused funds
The provincial government of Nueva Ecija has been asked to return P96.81 million in unutilized funds it received from various government agencies......»»
Sara Duterte asks SC to dismiss pleadings vs confidential funds
Vice President Sara Duterte asked the Supreme Court to dismiss the petitions assailing the constitutionality of the P125 million confidential and intelligence funds of the Office of the Vice President for 2022......»»
Sara Duterte urges SC to junk petitions vs confidential funds
Sara Duterte urges SC to junk petitions vs confidential funds.....»»
US approves funds for modernization of Philippine power sector
The United States Trade and Development Agency has approved the release of funds that will support efforts for the modernization and buildout of electricity transmission and distribution networks in the Philippines......»»
Recto wants pension funds to buy government stake in SCTEX
Finance Secretary Ralph Recto wants the two pension funds to buy the government’s share in toll roads to ensure that the state will not be at a loss......»»
Government releases P3.4 billion calamity funds in Q1
The government released a total of P3.4 billion in calamity funds in the first quarter of the year as it financed various disaster relief operations......»»
Group demands accounting of Cebu City COVID-19 funds
CEBU CITY, Philippines—A coalition is demanding transparency and accountability for the budget allocated for the coronavirus disease (COVID-19) pandemic response here. The Freedom Debt Coalition composed of various cause-oriented groups in the city said there is a need to show the public a transparent liquidation of the P3.5 billion funds for the pandemic response since […].....»»
‘DOH has P40 billion excess funds that can fund senior health care’
As the House of Representatives tries to find ways to improve the measly allocation for the health care of senior citizens, it turns out that the Department of Health has “excess funds” to support such a program......»»
DBM: P1.95 billion calamity funds released in February
Up to P1.95 billion in calamity funds was released last month to finance various disaster relief operations......»»
Capitol prepares funds for farmers affected by dry spell
Capitol prepares funds for farmers affected by dry spell.....»»
More Funds Needed For Cebu Brt Project
More Funds Needed For Cebu Brt Project.....»»
‘Practically begging:’ District rep rues meager DepEd funds for new classrooms
Days after the Department of Education cited progress in solving classroom shortages, a House representative vented his fury at being given just enough funds in his poverty-stricken district to build 13 new classrooms out of a backlog of over 700......»»
K-pop fandoms join hands to raise funds for Girls Can campaign
Globe, through its KmmunityPH online K-culture community, recently partnered up with several K-pop girl group fandoms to raise funds for World Vision’s "Girls Can" campaign......»»