The Bangko Sentral ng Pilipinas (BSP) noted higher demand for its weekly auction of 28-day BSP securities with P182.21 billion bids versus P158.20 billion last week. The bid coverage ratio was up at 1.8221 compared to July 2’s 1.5820. The P182.21 billion tenders exceeded the offer volume of...
A law seeking to give workers security of tenure and stopping the end of contract scheme (ENDO) was no longer part of President Duterte's priority legislation, Presidential Legislative Liaison Office (PLLO) Undersecretary Jacinto Paras said. President Rodrigo Duterte (Malacañang) Paras made the...
The yields on short-term debt papers slightly inched up across the board yesterday due to lingering concerns on coronavirus “Delta” variant and sustained elevated inflation in June, the Bureau of the Treasury said. At Monday's auction of Treasury bills, July 5, the bellwether...
The Bangko Sentral ng Pilipinas (BSP) securities or 28-day BSP bills received P158.20 billion tenders on Friday, about 1.58x oversubscribed against its P100 billion offer. The oversubscription is higher than last week’s 1.36x or P135.3 billion bids. BSP Deputy Governor Francisco G. Dakila Jr....
The auction of 28-day Bangko Sentral ng Pilipinas (BSP) securities attracted P135.73 billion bids, 1.36x more than offer of P100 billion. During Friday’s auction, the average rate of the BSP bills slightly moved up to 1.8158 percent from 1.8109 percent last June 18. “The weighted average...
The auction of Bangko Sentral ng Pilipinas (BSP) 28-day securities continued to be oversubscribed with a rising yield, according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP offered P100 billion BSP bills last Friday, and it received P140.53 billion tenders. The bids were lower compared...
President Duterte has called for the swift passage of the administration's priority bills, particularly certain tax reform measures, to help promote economic recovery following the debilitating impact of the pandemic. President Rodrigo Duterte (File photo/Malacañang) Among the administration bills...
The central bank’s securities auction this week have a lower volume but it remained oversubscribed by 1.52x at P152.15 billion. The Bangko Sentral ng Pilipinas (BSP) bills was offered at P100 billion compared to the previous Friday’s P110 billion. “The BSP adjusted the 28-day bill offer...
The Duterte administration has raised its domestic borrowing program next month as the government plans to hold a weekly auction of long-term IOUs, data from the Bureau of the Treasury showed. According to an online advisory released on today, May 26, the Treasury indicated that the national...
The Bangko Sentral ng Pilipinas’ (BSP) securities or BSP bills were oversubscribed by 1.23x during last Friday’s auction with P135.10 billion bids versus offer of P110 billion. Both were higher compared to the previous week’s offer and tenders of P100 billion and P120.93 billion,...
The auction of Bangko Sentral ng Pilipinas (BSP) securities continue to be oversubscribed while the yield dropped anew ahead of next week’s Monetary Board policy meeting. BSP Deputy Governor Francisco G. Dakila Jr. said Friday that the 28-day BSP bills auction attracted P116.02 billion bids...
As weather temperatures rise, so as the electricity rates that consumers will be paying in their May billing cycle. Power utility giant Manila Electric Company (Meralco) indicated there is high probability that power rates will increase this month due to confluence of factors – including...
