The national government borrowed partially as banks demanded higher returns amid the Israel-Hamas conflict, which led to higher global crude oil prices. At Monday's auction of Treasury bills on Oct. 16, the national government raised a total of P11.947 billion, below the P15 billion program. Total...
The Makati Business Club (MBC), a group of big businesses based in the country’s premier financial district – Makati, lauded Congress for a productive start to the current session, with three economy-boosting bills on their way to President Ferdinand R. Marcos Jr. for signature. These are...
The national government faced difficulties in selling its short-term debt papers as banks demanded higher returns. On Monday, Oct. 2, the Bureau of the Treasury held an auction for Treasury bills (T-bills) with the goal of raising P15 billion. However, the agency fell short of its target, managing...
The Marcos administration has scaled back its borrowing plan for the next month in light of the retail dollar bond sale, which is slated to conclude in the first week of October, data from the Bureau of the Treasury showed. In a memorandum posted on the Treasury website on Thursday, Sept. 28, the...
Investors pressed anew for an increase in benchmark interest rates for short-term loans. The national government raised P15 billion as planned with the full-award of Treasury bills at the weekly auction held Monday, Sept. 25. The auction was near three-times oversubscribed with total tenders...
Malacañang said the 20 priority bills pushed by President Marcos are on track for passage this year. President Marcos attends the third Legislative-Executive Development Advisory Council (LEDAC) meeting on Sept. 20, 2023 in Malacañan Palace. (Photo courtesy of PCO) Following the third...
The national government has successfully borrowed funds through short-term loans amid relatively stable interest rates. On Monday, Sept. 11, the Bureau of the Treasury executed its auction by fully awarding P15 billion worth of Treasury bills, with demand for three-, six-, and 12-month IOUs totaled...
The government sold all its short-term debt papers after interest rates dropped. On Monday, Sept. 4, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P15 billion as planned. The total bids reached P47.56 billion, an oversubscription of nearly two times the...
Senator Sherwin Gatchalian on Friday, August 11, commended the Energy Regulatory Commission’s (ERC) decision to suspend the National Grid Corporation of the Philippines (NGCP) inclusion of a three percent (3%) franchise tax in its transmission costs billed to distribution utilities. Sen....
The Marcos Administration will roll out next month the Lifeline Rate program, which aims to benefit qualified low-income households to help them pay their electricity bills, the Presidential Communications Office (PCO) said. Meralco The Lifeline Rate is a subsidized rate given to...
President Ferdinand “Bongbong” Marcos Jr. on Monday, July 24, urged Congress to act on his administration’s legislative agenda, which include reforms in military and uniformed personnel pension, the Blue Economy law, and new taxes for single-use plastics and digital services, among others....
Socioeconomic Planning Secretary Arsenio Balisacan has assured Filipinos of the Marcos administration's strengthened socioeconomic platform that aims to get the Philippine economy back to a high-growth trajectory. *PRIORITY BILLS — President Marcos convenes the Legislative-Executive Development...
