The national government has nearly tripled its planned borrowings for the first quarter of 2025 as it seeks to secure funding ahead of the 2025 midterm elections and mitigate risks from rising borrowing costs and market volatility. In a memorandum released on Monday, Dec. 23, the Bureau of the...
Yields on shorter-dated government IOUs mostly edged higher for the ninth consecutive week, driven by expectations of rising inflation and a strong US dollar. The Bureau of the Treasury successfully raised P15 billion from its latest Tresury-bill auction that attracted P57.0 billion in...
Concerns about rising U.S. Treasury yields and inflation, linked to potential protectionist policies under a Trump administration, have led to an increase in short-term government debt interest rates for the sixth consecutive week, despite a slight decline in investor demand. During the auction on...
By DERCO ROSAL A weaker peso, coupled with higher import prices, cautious US Federal Reserve signals, and the recent reserve ratio cut, pushed short-term government debt interest rates higher for four consecutive weeks. At Monday’s auction, Oct 28, the Bureau of the Treasury (BTr) raised...
The Philippines will borrow $67.34 million (over P3.9 billion) from the World Bank to modernize Filipino civil servants. An Oct. 25 document disclosed that the Washington-based multilateral lender's board is expected to green-light its investment project financing for the Philippines Civil...
By DERCO ROSAL Interest rates on short-term government debt continued to increase for three consecutive weeks due to falling oil prices, relatively strong investor demand, and anticipation of the reserve requirement ratio (RRR) cut taking effect on Oct. 25. At Monday’s auction, Oct 21, the Bureau...
By Derco Rosal Investor demand for the national government’s long-term debt dropped due to reduced chances of the US Federal interest rate cuts, strong job growth, weaker peso, rising inflation, and heightened geopolitical tensions. On Tuesday, Oct. 15, the Bureau of the Treasury (BTr)...
By DERCO ROSAL Interest rates on short-term government debt increased despite a four-year low inflation rate in September, driven by external factors such as rising global oil prices and reduced chances of the US Federal Reserve rate cuts. At Monday’s auction, Oct 7, the Bureau of the Treasury...
The Marcos Jr. administration will borrow $509.24 million (about P28.7 billion) from the World Bank to enhance health services in rural areas. World Bank documents showed that the Washington-based multilateral lender's board is expected to approve the Philippines Health System Resilience Project on...
Short-term government yields declined further amid strong investor interest, fueled by rising expectations of central bank interest rate cuts and reserve requirement reductions. At Monday’s auction, Sept 30, the Bureau of the Treasury (BTr) successfully raised P20 billion through T-bills, with...
The Bureau of the Treasury (BTr) reported a rise in the Marcos administration’s borrowings in August, driven primarily by increased reliance on domestic lenders. In August, the national government secured a total gross financing of P174 billion, reflecting a 40-percent hike from P124.1 billion in...
The World Bank is committed to extend to the Philippines more loans, possibly blended with grants to slash interest costs, in order to bankroll flood control as well as climate change mitigation and adaptation projects as extreme weather poses a bigger threat to Filipino lives and livelihoods....
