Benchmark interest rates increased across the board at Monday's auction amid recent cautious signals from the US Federal Reserve, reducing the odds of a rate cut. The Bureau of the Treasury accepted the programmed P15 billion worth of bids. Investors were willing to buy more, as tenders reached...
The Bureau of the Treasury reported a decrease in borrowing by the Marcos administration from both domestic and foreign lenders in April this year. The total gross financing for the national government last month amounted to P89.2 billion, a 31 percent decrease compared to P129.9 billion in April...
The Bureau of the Treasury said that the Marcos administration recorded a budget surplus in April, albeit smaller than the previous year. According to the Treasury bureau's report on Thursday, May 23, the national government's fiscal surplus fell 36 percent to P42.7 billion from P66.8 billion in...
Short-term benchmark interest rates dipped amid less hawkish signals of policy rate cuts. At the Bureau of the Treasury's auction on Monday, May 20, the national government successfully raised P15 billion through the sale of 91-, 182-, and 364-day IOUs after investors sought lower returns for...
State-run aviation firm Clark International Airport Corp. (CIAC) remitted record dividends to the national coffers on the back of its sound financial management. Arrey Perez, CIAC president, said the government-owned company has remitted dividends totaling P202.9 million from its operations in 2023...
The government successfully raised funds through the sale of short-term debt papers due to lower interest rates following mostly softer gross domestic product growth and inflation rate. The national government on Monday, May 13, made a full award of all its short-term debt papers even after...
The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) in March this year, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P6.87 billion in March, down by 36 percent compared...
Benchmark interest rates returned their slide after the recent downward correction in US Treasury yields. At Monday's auction, May 6, the 91-day Treasury bill rate, which banks use in pricing their loans, went down to 5.780 percent from 5.869 percent in the last auction. Likewise, the yield for the...
The national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
Short-term benchmark interest rates moved sideways amid slightly stronger peso exchange rate. The national government on Monday, April 29, made a full award of all its short-term debt papers as demands totaled P51.204 billion, more than threefold the offer. The Treasury made a full P5-billion award...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
The Marcos administration’s budget deficit shrank in March this year as revenue growth outpaced public spending, the Bureau of the Treasury reported. The fiscal deficit of the national government for the third month of the year was P195.9 billion, down from P210.3 billion in March 2023. Based on...
