Vice presidential aspirant Senate President Vicente Sotto III on Monday vowed to push for the creation of a database of farmers and other cottage industry players in the Philippines for the proper identification and distribution of government assistance. media Sotto said it is imperative for the...
Benchmark short-term interest rates rose on the back of higher inflation forecast of the Bangko Sentral ng Pilipinas (BSP) and concerns surrounding Ukraine. At Monday's auction on Feb. 21, yields on short-term government debt papers, increased, with the returns on the 91-day Treasury bill up to...
Local government units (LGUs) COVID-19 response amounted to P118.9 billion as of end June last year, the Department of Finance (DOF) reported on Sunday, Feb. 19. According to the Bureau of Local Government Finance (BLGF), an attached agency of the DOF, of the combined spending of LGUs on COVID-19...
The Pasay City Epidemiology and Surveillance Unit (CESU) reported that only 18 barangays out of 201 have active cases of the coronavirus disease (COVID-19). Mayor Emi Calixto-Rubiano said that based on a CESU report, from the total of 21 active cases, the city recorded 10 new cases which is about...
The Colegio de Muntinlupa (CDM), the Muntinlupa City government’s educational institution for engineering, will be offering five new courses for the academic year 2022 to 2023. According to CDM, these five courses are: Bachelor of Science in Architecture, Bachelor of Science in Construction...
BACOLOD CITY - Local officials here led the groundbreaking for the construction of the Silay City Government Center in Negros Occidental which is being eyed to boost the growth and development in the city as well as its local economy. Mayor Mark Golez led the groundbreaking of the P1 billion...
The Department of Finance (DOF) is confident that Japan’s commitment to help the Philippines’ infrastructure development and other initiatives will stay beyond President Duterte’s term. Finance Secretary Carlos G. Dominguez III expressed his confidence following the Philippines and Japan 12th...
The Bureau of the Treasury has raised an initial P120.76 billion well above the P30-billion on offer from the government's new five-year retail Treasury Bond (RTB) that generated total tenders of P183.44 billion at the launch Tuesday, Feb. 15. The Treasury said small Filipino savers wanting to take...
Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans. At Monday's auction of Treasury bills on Feb. 14, the bellwether 91-day T-bill rate, which banks use in pricing their loans, rose to 0.810 percent from 0.710 percent previously. The Bureau of the...
The government will sell P30 billion, its first retail Treasury bond (RTB) for the year catering to small Filipino savers, the Bureau of the Treasury announced. In a notice, the Treasury bureau said the government will launch this month another RTB, offering a minimum principal amount of P30...
Lingering concerns over high inflation in the United States and Federal Reserve’s future action pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Feb. 8, the yield for the reissued 10-year Treasury bond went up to 5.093 percent from...
Short-term rates move sideways Short-term benchmark interest rates moved sideways amid excess liquidity in the financial market. At a Bureau of the Treasury auction on Monday, Feb. 7, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, inched up to 0.710 percent from...
