Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans. At Monday's auction of Treasury bills on Nov. 22, the bellwether 91-day T-bill rate, which banks use in pricing their loans, rose to 1.178 percent from 1.150 percent previously. The Bureau of the...
• Online is now the normal place to do business, meet friends, buy things for everyday needs, and yes, to indulge in leisure too. • It’s also where people out to do a simple scam now roam • Beware of very friendly person...
Lingering concerns over high inflation pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Oct. 5, the yield for the seven-year Treasury bond went up to 4.207 percent from 3.75 percent last August when the IOU was last sold. Investors...
President Duterte’s chief economic manager bucked the legislative proposals seeking to set a statutory debt limit and create the government’s committee in charge of fiscal discipline. Finance Secretary Carlos G. Dominguez During the House ways and means committee hearing on Monday, Sept.6,...
Government loans from local and foreign banks increased by more than double in July this year. Data from the Bureau of the Treasury showed that the Duterte administration’s gross borrowings jumped 150 percent last July to P337.36 billion from P134.53 billion in the same month last year. According...
The Duterte administration has completed its third foreign commercial borrowing this year. Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year...
The Duterte administration is set tap the overseas debt markets anew, marking its third commercial borrowing for the year, to support the national government’s wider budget deficit ceiling. On Monday, June 28, the Bureau of the Treasury announced the launching of a benchmark-sized US dollar bond...
