Investors continued to ask for higher interest rates from the government, prompting the Bureau of the Treasury to reject offers for the three-month and one-year debt papers. At an auction of Treasury bills on Tuesday, Sept. 27, offers for the bellwether 91-day rate, which banks use in pricing their...
In about six months time, the state-controlled Intercontinental Broadcasting Corporation (IBC 13) will go belly-up and leave about 178 people jobless, unless a miracle happens and the network gets privatized soon. The IBC 13 logo (photo from ibc13tv.com) During the plenary budget debate on the...
The slip-up of the Office of Press Secretary (OPS) about the details of the meeting between President Ferdinand “Bongbong” Marcos Jr. and US President Joe Biden won’t happen again, the House sponsor of the OPS budget said. Press Secretary Trixie Cruz-Angeles (Photo courtesy of the Office of...
Ballet Philippines opens its 53rd season with grand performances of ‘Bolero,’ ‘Dance Through Time,’ and ‘Equus’ After two years of releasing productions online, theaters in the Philippines are opening their doors once again to welcome audiences to share the magic that comes from the...
The nation’s largest film festival brought closer to cinephiles! This year's theme, "Breaking Through the Noise" Just last month, the Cultural Center of the Philippines and Cinemalaya Foundation partnered with Ayala Malls Cinemas and SM Cinema to present special screenings of the Cinemalaya 18...
The benchmark interest rate on debt falling due in almost seven-years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 20. The interest rate of the seven-year Treasury bonds, with a remaining life of six-years and eight months, fetched 6.588 percent. The...
Benchmark interest rates for short-term loans continued to climb prompting the Bureau of the Treasury to only borrow partially this week. The offered yield on the 91-day Treasury bill, which banks use in pricing their loans, was rejected by the Treasury bureau after it moved up to 3.912 percent...
The benchmark interest rate on debt falling due in 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 13. The coupon rate of the new 10-year Treasury bonds fetched at 6.75 percent, lower than the 7.75 percent when same instrument was sold in June...
Philippine benchmark interest rates for short-term loans rose prompting the Bureau of the Treasury to only borrow partially. On Monday, Sept. 12, auction of Treasury bills, the government rejected all bids for three-month IOUs. Likewise, the Treasury bureau failed to borrow through the sale of...
Debt payments by the national government went up in July due to higher amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P156.2 billion in July this year, jumping by 158 percent compared with P60.54 billion paid out in the same month last...
The SM Store, the non-food brand of SM Investment Corporation subsidiary SM Retail, reported that its fashion segment performance in the second quarter this year already reached 95 percent of pre-pandemic sales buoyed by the resurgence of fashion following the full reopening of the domestic...
Manila Bulletin's Liwayway Magazine—the country's longest running magazine in Filipino, which will mark its centenary in November 2022—received the highest award for arts and culture from the Cultural Center of the Philippines (CCP)— “Gawad CCP Para sa Sining 2020” under the category...
