The Marcos administration managed to borrow P15 billion from Filipino investors. Despite the challenge of higher interest rates, the Bureau of the Treasury met its target of raising P15 billion through the sale of short-term IOUs, or Treasury bills (T-bills), on Monday, Feb. 5. The total bids...
The government successfully raised funds through the sale of short-term debt papers despite higher interest rates caused by recent volatility in the US dollar and peso. The 91-day Treasury bill saw an increase to an average of 5.398 percent compared to the previous week's 5.306 percent, yet the...
Camarines Sur 2nd district Rep. LRay Villafuerte (Rep. Villafuerte's Facebook) Following Congress' five-week recess, Camarines Sur 2nd district Rep. LRay Villafuerte has called on the Senate to take action on several House-approved bills that would greatly benefit...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) A ranking congressman is prodding local government unit (LGU) heads to help beef up participation in the Lifeline Rate program for the benefit of low-income consumers who find it a struggle...
SAN FRANCISCO (AFP) -- Patrick Mahomes will lead the defending champion Kansas City Chiefs into frosty Buffalo on Sunday, Jan. 21, to face Josh Allen's Bills in the latest chapter of the NFL's hottest playoff rivalry. Kansas City Chiefs quarterback Patrick Mahomes (AFP/File photo) Mahomes and the...
The feed-in-tariff allowance (FIT-All) fund is seen teetering on deficit by February billing, hence, that prompted the Energy Regulatory Commission (ERC) to re-impose next month the collection of the P0.0364 per kilowatt hour (kWh) subsidy for the qualified renewable energy (RE) projects. “As the...
LOS ANGELES (AFP) -- Josh Allen led the Buffalo Bills to a 31-17 victory over the Pittsburgh Steelers in the NFL playoffs on Monday, Jan. 15, as the Philadelphia Eagles' once-promising season ended in a 32-9 drubbing by the Tampa Bay Buccaneers. Josh Allen of the Buffalo Bills passes against Alex...
The Bureau of the Treasury made a full award of the treasury bills (T-bills) it offered on Monday on the back of higher rates. At an auction on Jan. 15, the national government raised P15 billion as planned via the T-bills it auctioned off as total bids reached P43.188 billion, more than twice the...
The national government decided to raise its planned domestic borrowings, despite the higher in interest rates for two tenors, which was driven by the higher global oil prices. At an auction on Monday, Jan. 8, the Marcos administration sold short-term IOUs worth P19 billion, exceeding the initial...
The national government sold all the short-term debt papers it offered on the back of higher interest rates for the second time since it declined in November last year. On Tuesday, Jan. 2, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P17 billion, the...
The Energy Regulatory Commission (ERC) continues to observe the charges made by generation companies (GenCos) collected from consumers by distribution utilities (DU). The ERC said that this year's generation rates showed stability, but noticed an imbalance between the global coal price reduction...
MIAMI (AFP) -- The Pittsburgh Steelers kept their playoff hopes alive and severely damaged the Cincinnati Bengals' chances of making the NFL post-season with a 34-11 win over their AFC North rivals on Saturday, Dec. 23. Mason Rudolph of the Pittsburgh Steelers throws a pass during the second...
