While renewable energy (RE) developers are brandishing that their technologies are already the cheapest in the market, the National Renewable Energy Board (NREB) ironically dropped the bomb that the programmed RE projects in the country will increase the power bills of Filipino consumers by P0.23...
The average rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities fell on Friday while bids remained oversubscribed. The auction of BSP bills attracted P117.10 billion tenders against an offer of P60 billion. The tenders were higher than the previous week’s P112.20 billion. The offer...
Customers of Manila Electric Company (Meralco) will not need to be anxious on their December electricity bills, as initial forecast point to “flattish rate” or there could be very slight cost movement in the overall tariff. “Initial data suggests that generation costs for December will be...
The Philippines got the lowest coupon ever after raising $2.75 billion from the global bond market, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “The Philippines set a record for lowest coupon levels,” said Diokno on Thursday. The ROPs sold have maturities of 10.5...
The Bangko Sentral ng Pilipinas’ (BSP) auction of 28-day BSP bills were still oversubscribed and fetched a lower rate last Friday. “Market interest remained strong,” according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP offered P60 billion, same as last November 20, and...
The central bank’s auction of 28-day securities fetched a lower rate this week but had a higher bid volume of P123.80 billion. The Bangko Sentral ng Pilipinas’ (BSP) one-month bills was still being offered at P60 billion on Friday, and it received oversubscribed tenders which was higher than...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the improved external sector accounts in the third quarter compared to the second quarter suggests that the worst is indeed over as far as the country’s inflows are concerned. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The national government raised P22 billion through the sale of short-dated IOUs, higher by P2 billion against its P20 billion program for the week. Interest rates on three-month and six-month papers declined compared with the previous week, while one-year note yield was unchanged. The 91-day...
The 28-day Bangko Sentral ng Pilipinas (BSP) bills auction yielded lower rate of 1.9621 percent, but it still remained oversubscribed with full P60 billion offer awarded. Banks’ total tenders reached P88.90 billion which was 1.48 times the offer volume of P60 billion. The average rate fell by...
The auction of Bangko Sentral ng Pilipinas (BSP) bills fetched a higher yield this week at 2.0367 percent or 0.94 basis point (bp) more than the previous 2.0273 percent, with tenders still exceeding the offer. The central bank offered P70 billion of 28-day BSP bills Friday, lower compared to...
The national government plans to borrow P140 billion in the domestic market next month. Based on the Bureau of the Treasury offering schedule, the government will sell P80 billion worth of short-dated IOUs and P60 billion in long-term papers in November. The government will hold...
The central bank’s auction of 28-day securities fetched a higher rate on Friday, it remained oversubscribed as the only 28-day offering this week after the Bangko Sentral ng Pilipinas (BSP) put aside the 28-day term deposit facility (TDF). The BSP bills received P129.1 billion tenders...
