The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-dated debt papers, with creditor appetite remaining relatively high despite the drop in interest rates following the peaceful results of the midterm elections. At Tuesday’s auction on May 13, the...
Borrowing rates for short-dated T-bills rose across the board on Monday, May 5, but it didn 't stop the Bureau of the Treasury (BTr) from raising the ₱25 billion it sought to borrow. In a statement, the BTr said it awarded ₱8 billion in the benchmark 91-day treasury bills at 5.573...
The Bureau of the Treasury (BTr) borrowed ₱25 billion through short-dated T-bills on Monday, April 21, with a mixed auction in which shorter tenors commanded higher rates from local creditors. The BTr awarded to government securities eligible dealers (GSEDs) ₱8 billion each in the benchmark 91-...
Consumers should brace themselves for another increase in their electricity bills this month, as Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has announced a power rate hike for April. In a statement on Friday, April 11, Meralco reported a ₱0.7226 per kilowatt-hour (kWh) increase in its...
Domestic creditors flocked to Monday’s treasury bills (T-bills) auction, snapping up government securities—considered safe havens—at yields that have changed little since United States (US) President Donald Trump announced a 17-percent reciprocal tariff on Philippine imports last week. At the...
ILOILO CITY – MORE Electric and Power Corp., the sole power distributor here, has reduced electricity rates for the second straight month. MORE Power linemen at work in Iloilo City. (Tara Yap) The company reduced electricity rates by P2.76 per kilowatt in the March billing cycle to P10.41...
The government borrowed more short-term debt than planned as borrowing rates continued to decline for the third straight week, driven by expectations that the central bank will further cut its monetary policy rate in its upcoming April meeting. At Monday’s auction on March 17, the Bureau of the...
The Metropolitan Waterworks and Sewerage System (MWSS) announced an increase in consumer water bills for East Zone concessionaire Manila Water Co. In a briefing on Thursday, March 13, MWSS Chief Regulator Patrick Ty reported that Manila Water consumers will experience a slight increase in their...
Manila Electric Company (Meralco) announced that residents will see a ₱0.2639 per kilowatt-hour (kWh) increase in this month’s billing. In a statement on Tuesday, March 11, Meralco reported that the overall rate for a typical household would be raised from ₱12.0262/kWh to ₱12.2901/kWh....
Investor demand for the government’s short-term debt papers stayed strong for the second week amid the central bank’s surprise interest rate pause and growing interest in long-term securities amid falling US Treasury yields. At Monday’s auction on Feb. 17, the Bureau of the Treasury (BTr)...
Manila Electric Co. (Meralco) customers can expect higher electricity bills this February as the power retailer announced a rate increase, driven primarily by higher generation charges. In a statement on Tuesday, Feb. 11, Meralco announced an increase of P0.2834 per kilowatt-hour (kWh) in the...
NEW ORLEANS (AP) — Josh Allen wanted to leave New Orleans with different hardware. Still, he's happy to be recognized for his accomplishments. Buffalo Bills' Josh Allen, AP NFL Most Valuable Player, poses after winning the award at the NFL Honors award show ahead of the Super Bowl 59 football...
