Benchmark yields for short-term loans rose, forcing the Bureau of the Treasury to borrow less than programmed. At Monday's auction of Treasury bills on Mach. 20, the national government raised P10.636 billion, below the P15 billion plan for the week. The 91-day Treasury bill rate...
UNDER THE MICROSCOPE Retirement issues are once again in the news. A House bill proposes lowering the optional retirement age to 56. Another bill seeks to scrap the mandatory retirement age, which now stands at 65 years of age. This topic stirs up personal feelings for me, having been mandatorily...
Benchmark yields for short-term loans jumped after the central bank raised its policy rates last week, forcing the Bureau of the Treasury to partially borrow on Monday, Feb. 20. At an auction of Treasury bills, the national government raised a total of P13.05 billion, below the P15 billion program....
A group of Camarines Sur solons are batting for the imposition of a "carbon tax" on the use of electricity (CTE) as a way to raise extra funds for climate action initiatives. (Kelly Sikkema/ Unsplash) One of them, Camarines Sur 2nd district Rep. LRay Villafuerte, said such landmark tax can help the...
Malacañang disclosed that 10 priority bills, including the controversial Maharlika Investment Fund Bill and Mandatory Reserve Officers Training Corps (ROTC), were adopted for passage by June 2 this year. Speaker Martin Romualdez, along with fellow legislators and members of the Cabinet, listens...
After President Ferdinand "Bongbong" Marcos Jr. stated that the Regional Comprehensive Economic Partnership (RCEP) is good for the country , Malacañang announced that the Legislative-Executive Development Advisory Council (LEDAC) is committed to push for its ratification. (Photo courtesy of the...
Benchmark yields for short-term loans rose, prompting the Bureau of the Treasury to borrow less than planned. At Monday's auction of Treasury bills on Feb. 13, the national government raised P14.6 billion, below the P15 billion program. Total demand reached P32.2 billion The 91-day Treasury bill...
Benchmark yields for short-term loans moved sideways, but fell below secondary market rates. At Monday's auction of Treasury bills on Feb. 6, the national government raised P15 billion as programmed after total demand reached P37.78 billion The 91-day Treasury bill rate increased slightly to 4.186...
The Bangko Sentral ng Pilipinas (BSP) should implement more "confidence-building measures" on the use of P1,000 polymer bank notes, Surigao del Norte 2nd district Rep. Robert Ace Barbers said Tuesday, Jan. 31. A P1,000 polymer bill. (Ellson Quismorio/ MANILA BULLETIN) Barbers made this call even as...
Benchmark yields for short-term loans went down on the back of strong demand. At Monday's auction of Treasury bills on Jan. 30, the national government raised P15 billion as programmed after total demand reached P61.85 billion The 91-day Treasury bill rate declined to 4.152 percent from 4.211...
Malacañang said President Ferdinand "Bongbong" Marcos Jr. is elated over the progress of bills listed as priority under his administration. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) As of Jan. 18, 10 out of the 20 priority legislative measures Marcos mentioned in...
Philippine benchmark interest rates for short-term loans dipped ahead of the US Federal Reserve’s policy meeting next week. At Monday's auction of Treasury bills on Jan. 23, the bellwether 91-day T-bill rate declined to 4.211 percent from 4.250 percent previously. It is also lower than the...
