Due to the holiday season, the national government has scaled back its domestic borrowing plan for the month of December. Data from the Bureau of the Treasury showed that the Marcos administration intends to borrow just P60 billion next month, a substantial decrease from November's P225 billion....
Short-term benchmark interest rates sharply dropped anew, now below the local policy rate of 6.50 percent. At the Bureau of the Treasury auction on Tuesday, Nov. 28, the national government fully awarded its P10 billion offering. Total demand reached P72.215 billion, more than seven times higher...
LOS ANGELES (AFP) -- Quarterback Jalen Hurts ran in an overtime touchdown to give the Philadelphia Eagles a 37-34 NFL win over the Buffalo Bills on Sunday, Nov. 26, and move them to 10-1 on the season. Jalen Hurts of the Philadelphia Eagles attempts a pass during the second quarter against the...
The Bureau of the Treasury has decided to cancel its short-term borrowing plan for next week to give way for the government's maiden offering of blockchain-backed debt instruments. In a notice signed by Deputy National Treasurer Erwin D. Sta. Ana, the bureau has announced the cancellation of...
The Manila Electric Co. (Meralco) said that the power prices in the country coincide with the real electricity costs, and that their rates are fair and reasonable to its service quality. Meralco issued the statement to clarify the recent statements made by ACT-Teachers Representative France Castro,...
The national government successfully sold its short-term debt papers as benchmark yields decreased after a seven-week rise. On Monday, Nov. 13, the Bureau of the Treasury executed its auction by fully awarding P15 billion worth of Treasury bills, with a total demand of P46.441 billion, three times...
The national government failed to sell all its short-term debt papers after banks demanded for higher returns following the Israel-Hamas war that led investors to favor safer investment options. At Monday's auction of Treasury bills on Oct. 9, the national government raised a total of P12.518...
Short-term benchmark interest rates significantly increased weeks after the policy rate hike. At the Bureau of the Treasury auction on Monday, Nov. 6, the national government raised a total of P13.220 billion, below the P15 billion program. Total demand reached P32.316 billion. The 91-day Treasury...
Benchmark yields for short-term loans were significantly higher this week amid the policy rate increase forcing the Bureau of the Treasury to partially borrow. At Tuesday's auction of Treasury bills on Oct. 31, the national government raised a total of P12.75 billion, below the P15 billion program....
NEW YORK (AFP) -- Josh Allen threw for two touchdowns and ran for another to lead the Buffalo Bills over Tampa Bay, 24-18, in an NFL game on Thursday, Oct. 26. Josh Allen of the Buffalo Bills looks to pass against the Tampa Bay Buccaneers during the first half of the game at Highmark Stadium on...
The national government failed to sell its short-term debt papers as investors pushed anew for higher returns for the fifth consecutive week. The national government fell short of raising its P15 billion target, managing to raise only P14.26 billion. The total bids received during the auction...
LOS ANGELES (AFP) -- Mac Jones led a dramatic last-gasp touchdown drive as the New England Patriots upset the Buffalo Bills 29-25 to snap a three-game NFL losing streak on Sunday, Oct. 22. Mac Jones of the New England Patriots looks to pass the ball in the first quarter of the game against the...
