The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) amid the widening budget deficit, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P145.87 billion from January to September...
Lingering concerns over higher than expected inflation and the looming scaled back stimulus program in the United States pushed up the interest rate for long-term Philippine debt papers. At the Bureau of Treasury auction on Wednesday, Nov. 3, the yield for the five-year Treasury bond went up 3.762...
Benchmark interest rates increased across the board at Tuesday’s auction of short-term government debt papers, as investors wait for the latest inflation report and shift in policy at US Federal Reserve. The yield on the 91-day Treasury bill, which banks use in pricing their loans, went up to...
Government borrowings grew at a much slower pace in the first nine months of the year as the need for additional financing to augment the country’s coronavirus war chest started to wane, data from the Bureau of the Treasury revealed. The Duterte administration’s gross borrowings in January to...
The Philippine government debt rose in September nearing the P12-trillion mark due to higher borrowings from local and foreign creditors as well as depreciation of the peso, the Bureau of the Treasury reported. The total outstanding debt stock of the national government reached P11.92 trillion as...
Benchmark interest rates move sideways By CHINO S. LEYCO The short-term benchmark interest rates move sideways. At Monday's auction of Treasury bills on Oct. 25, the bellwether 91-day T-bill rate, which banks use in pricing their loans, slightly rose to 1.119 percent from 1.113 percent previously....
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
The government rejected bids for its long-term debt paper as investors sought a higher yield amid lingering inflation concerns and expectations the US Federal Reserve will soon hike interest rates. National Treasurer Rosalia V. De Leon said the government could afford to reject high bids because...
Benchmark interest rates moved sideways on Monday, Oct. 18, as yields for the three-month and one-year IOUs resumed their increase, while the six-month paper marginally dropped. The 91-day Treasury bill rate, which banks use in pricing their loans, went up to 1.113 percent from 1.095 percent a week...
The benchmark interest rate on debt falling due in five-years rose at Tuesday's auction of the government IOUs at the Bureau of the Treasury. Investors were willing to buy as much as P56.083 billion of the five-year Treasury bonds, nearly double the government's offer of P35 billion. The rate of...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the US Federal Reserve’s pronouncement that it will likely begin reducing its monthly bond purchases. At Monday's auction of Treasury bills, Oct. 11, the bellwether 91-day T-bill rate, which...
Debt payments by the Philippine government declined significantly in August due to lower principal payments to domestic creditor, data from the Bureau of the Treasury showed. The national government's debt servicing reached P75.08 billion last August, 51 percent lower than the P152.39 billion paid...
