September, 2025

• 16 September

  DOF: No P28-B ODA loan from South Korea

  

  The Department of Finance (DOF) recently denied reports that South Korea suspended a ₱28 billion official development assistance (ODA) loan to the Philippines due to corruption issues.a “As regards the supposed ₱28 billion ODA loan between South Korea and the Philippines, the Department of Finance categorically clarifies that no such loan exists,” the DOF said in a statement. The agency …

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• 16 September

  Five-Year T-Bond rate drops on strong demand

  

  The average rate of the five-year Treasury bond (T-bond) fell to 5.772 percent during Tuesday’s auction, down from 5.896 percent in the July 1 issuance, the Bureau of the Treasury (BTr) reported. Despite the lower rate, the BTr’s auction committee made a full award of P30 billion as bids reached P79.67 billion—more than twice the offer. Rizal Commercial Banking Corporation …

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• 16 September

  LANDBANK extends P60-B loan to support power sector reforms

  

  The Land Bank of the Philippines (LANDBANK) is extending the bulk of a P100-billion Syndicated Term Loan Facility to the Power Sector Assets and Liabilities Management Corporation (PSALM) to boost fiscal sustainability and energy sector reforms. LANDBANK committed P60 billion, or 60% of the facility, which will be used to augment PSALM’s working capital, refinance existing liabilities, and settle domestic …

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• 15 September

  LTO hunts source of fake licenses used by ‘BGC Boys’ in casinos

  

  The Land Transportation Office (LTO) has launched a full-scale probe into the alleged use of fake driver’s licenses by a group of former Department of Public Works and Highways (DPWH) engineers, now infamously tagged as the “Bulacan Group of Contractors” or BGC Boys, to gain entry into casinos. LTO Chief Assistant Secretary Vigor Mendoza II said Friday that the agency’s …

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• 15 September

  Vico warns public: Don’t be fooled by Discayas’ flood scam testimony

  

  Pasig City Mayor Vico Sotto has urged the public to stay vigilant against efforts to distort the truth in the Senate’s ongoing probe into the multibillion-peso flood control scandal. Speaking at a House tri-committee hearing, Sotto cautioned against taking at face value the explosive testimonies of controversial couple Cezarah Rowena “Sarah” and Pacific “Curlee” Discaya, who linked several lawmakers and …

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• 15 September

  Legarda bats for P1,000 monthly medication aid for indigent seniors

  

  With the proposed Universal Social Pension still awaiting passage in Congress, Senator Loren Legarda is pushing a separate measure that seeks to grant indigent senior citizens a P1,000 monthly stipend for their maintenance medicines. Through Senate Bill No. 164, or the Monthly Maintenance Medication Support for Senior Citizens Act, Legarda said the program aims to ease the financial burden of …

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• 15 September

  Marcos declares second week of September as National Pensioners’ Week

  

  President Ferdinand “Bongbong” Marcos Jr. has signed Proclamation No. 1020, officially declaring the second week of September every year as National Pensioners’ Week. The proclamation recognizes the invaluable contributions of Filipino pensioners while ensuring their welfare through stronger social protection programs. The Government Service Insurance System (GSIS) and the Social Security System (SSS) were designated as lead agencies to spearhead …

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• 15 September

  Lawmakers push Anti-Road Rage Act

  

  Road rage is becoming a serious and growing menace on Philippine roads. While currently covered by provisions of the Revised Penal Code, lawmakers are pushing for a comprehensive Anti-Road Rage Act to define it as a specific crime and impose stiffer penalties. The problem has grown alongside the surge in motorcycle use. In just over a decade, registrations nearly doubled …

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• 15 September

  DOTr extends Sumitomo deal to keep MRT-3 on track

  

  The Department of Transportation (DOTr) has renewed its partnership with Japan’s Sumitomo Corporation for another two years to rehabilitate and maintain the Metro Rail Transit Line 3 (MRT-3). DOTr said the extension is aligned with President Ferdinand Marcos Jr.’s directive to ensure efficient and sustainable rail operations. The agreement was signed by DOTr Acting Secretary Giovanni Lopez and Sumitomo corporate …

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• 15 September

  7 Manila cops axed over extortion rap

  

  Seven members of the Manila Police District-Drug Enforcement Unit (MPD-DEU) were sacked Friday after being accused of extortion and illegal detention of two motorcycle delivery riders in Sampaloc. Manila Mayor Isko Moreno Domagoso ordered their immediate relief, with MPD chief Brig. Gen. Arnold Abad directing the officers to report to the Personnel Holding and Accounting Unit while under investigation. “Walang …

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