The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose. At a Bureau of the Treasury auction on Tuesday, April 26, the yield for the 10-year Treasury bond went up to 6.313 percent from 6.092 percent last March 29 when the IOU was last sold....
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
The national government raised P15 billion through the sale of short-dated debt papers. At the Bureau of the Treasury auction on Monday, April 25, yields on three- and six-month debt papers went down, while bids for the one-year IOU rose. The yield on the bellwether 91-day Treasury bill, which...
Filipino voters don’t have to endure another six years of bad governance if they elect the right leader this time around in the person of presidential candidate Panfilo "Ping" Lacson, senatorial aspirant Emmanuel "Manny" Piñol said. Piñol, a former Agriculture secretary, made a pitch for a...
DOH/MB Voters who are found exhibiting symptoms of Covid-19 should be referred to their respective local government units (LGUs) after they cast their votes in the upcoming May 9 elections, the Department of Health (DOH) asked the Commission on Elections (Comelec). DOH Undersecretary Maria Rosario...
Several Korean private companies are heading to Mindanao to build partnerships with fellow private firms there, the Embassy of the Republic of Korea in the Philippines said Wednesday, April 20. Korean Ambassador to the Philippines Kim In Chul (Photo courtesy of Embassy of the Republic of Korea in...
Benchmark interest rates moved sideways as investors tend to be concerned about a potential hawkish policy stance by the US Federal Reserve. At an auction of Treasury bills on Monday, April 18, the bellwether 91-day rate, which banks use in pricing their loans, dropped to 1.223 percent from 1.250...
Should he win in the upcoming May 2022 senatorial race, Sorsogon Governor Francis “Chiz” Escudero said he will pursue amendments to the Local Government Code of 1991 to give local government units (LGUs) more power and autonomy. The law, which has been substantially unchanged for 31 years,...
The Philippine government sold its second “green” bonds, this time in the Japanese debt market through a four-tranche yen-denominated offering, the Bureau of the Treasury announced on Wednesday, April 13. The bureau said the government raised ¥70.1 billion, roughly P28.95 billion, via a...
Finance Secretary Carlos G. Dominguez III has appointed 958 local treasury executives in the past five years to improve the fiscal position of the local government units (LGUs). In a statement released by the Department of Finance (DOF) on Wednesday, April 13, it said that Dominguez’s...
The Las Pinas City Tourism Office was recognized by the Department of Tourism (DOT) for its continued support and dedicated service to Philippine tourism. Mayor Imelda Aguilar thanked DOT Regional Director Sharlene Zabala-Batin for giving a plaque of recognition to the City Tourism Office headed by...
National solutions are no longer sufficient in responding to security issues, because non-traditional and existential threats to humanity, like pandemics and climate change, have trans-border implications affecting not only states but regions and the world. Instead, comprehensive approaches beyond...
