The government borrowed more short-term debt than planned as borrowing rates continued to decline for the third straight week, driven by expectations that the central bank will further cut its monetary policy rate in its upcoming April meeting. At Monday’s auction on March 17, the Bureau of the...
The Metropolitan Waterworks and Sewerage System (MWSS) announced an increase in consumer water bills for East Zone concessionaire Manila Water Co. In a briefing on Thursday, March 13, MWSS Chief Regulator Patrick Ty reported that Manila Water consumers will experience a slight increase in their...
Manila Electric Company (Meralco) announced that residents will see a ₱0.2639 per kilowatt-hour (kWh) increase in this month’s billing. In a statement on Tuesday, March 11, Meralco reported that the overall rate for a typical household would be raised from ₱12.0262/kWh to ₱12.2901/kWh....
Investor demand for the government’s short-term debt papers stayed strong for the second week amid the central bank’s surprise interest rate pause and growing interest in long-term securities amid falling US Treasury yields. At Monday’s auction on Feb. 17, the Bureau of the Treasury (BTr)...
Manila Electric Co. (Meralco) customers can expect higher electricity bills this February as the power retailer announced a rate increase, driven primarily by higher generation charges. In a statement on Tuesday, Feb. 11, Meralco announced an increase of P0.2834 per kilowatt-hour (kWh) in the...
NEW ORLEANS (AP) — Josh Allen wanted to leave New Orleans with different hardware. Still, he's happy to be recognized for his accomplishments. Buffalo Bills' Josh Allen, AP NFL Most Valuable Player, poses after winning the award at the NFL Honors award show ahead of the Super Bowl 59 football...
Patrick Mahomes, Travis Kelce and the Kansas City Chiefs are going for a three-peat in a Super Bowl rematch. Kansas City Chiefs quarterback Patrick Mahomes and tight end Travis Kelce celebrate victory against the Buffalo Bills after the AFC Championship NFL football game, Sunday, Jan. 26, in Kansas...
President Marcos is expected to sign four of his priority bills, including the 2025 national budget, before the year ends, the Presidential Legislative Liaison Office (PLLO) said on Monday, Dec. 9. President Ferdinand 'Bongbong' Marcos Jr. signs three legislative measures into law: ‘Amendments to...
Yields on shorter-dated government IOUs mostly edged higher for the ninth consecutive week, driven by expectations of rising inflation and a strong US dollar. The Bureau of the Treasury successfully raised P15 billion from its latest Tresury-bill auction that attracted P57.0 billion in...
Power retailer Manila Electric Company (Meralco) announced a P0.4274 per kilowatt-hour (kWh) increase in electricity rates for November, bringing the overall rate to P11.8569 per kWh from October's P11.4295 per kWh. In a briefing, Joe Zaldarriaga, Meralco vice president and head of corporate...
Concerns about rising U.S. Treasury yields and inflation, linked to potential protectionist policies under a Trump administration, have led to an increase in short-term government debt interest rates for the sixth consecutive week, despite a slight decline in investor demand. During the auction on...
By Derco Rosal Short-term government debt interest rates increased anew for the fifth consecutive week due to strong investor demand, driven by expectations of future rate cuts, US inflation concerns, and a possible Trump win. A Trump win in the US elections is seen to result in an increase in US...
