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...
EMBARGOED UNTIL MONDAY, OCT. 2, 12:00AM The government's target for the retail dollar bonds (RDB) is expected to be exceeded, as the Bureau of the Treasury reported a strong demand for investment instruments. During the Chat with SBED briefing last Friday, Sept. 29, Officer-in-Charge Treasurer...
Parañaque City Mayor Eric Olivarez said the city government has issued a traffic advisory in relation to the Triskelion City Council's motorcade in celebration of the 55 th National Anniversary of Tau Gamma Phi on Wednesday, Oct. 4. Olivarez said the motorcade will start at 2:00...
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...
President Marcos' top economic manager stated that the ongoing sale of dollar-denominated retail Treasury bonds is a major step towards achieving financial inclusion for Filipinos. Finance Secretary Benjamin E. Diokno said the second sale of retail dollar bonds (RDB) contributes to fostering...
The government has successfully raised $611.2 million through the sale of retail dollar bonds (RDBs), marking President Marcos' first-ever issuance of such instruments to local investors, particularly overseas Filipino workers (OFWs). The Bureau of the Treasury had initially planned to offer $200...
State-owned Government Service Insurance System (GSIS) has introduced a loan program for teachers with longer payment terms and lower interest rates. In a statement on Tuesday, Sept. 26, GSIS President and General Manager Wick Veloso said that this initiative aligns with the Department of...
The US Capitol in Washington, DC, on January 23, 2019. The Moody's ratings agency warned on September 25, 2023, that a US government shutdown this weekend, amid political deadlock in Congress, would have negative implications for the country's top tier credit rating. Just four months after...
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...
The Bureau of the Treasury is offering a new investment option in US dollars for Filipino savers to help meet the budget needs of the Marcos administration. The Treasury has posted a notice on its website on Monday, Sept. 25 stating that retail onshore dollar bonds (RDB) will be issued, with a...
The Department of Finance (DOF) said the national government is planning to borrow at least $2 billion in the final three months of the year from both domestic and foreign investors. Finance Secretary Benjamin E. Diokno said the government will launch its latest retail dollar bond this week and...
Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
