Benchmark interest rates for short-term loans rose anew, forcing the national government reduced its borrowing ceiling. At Monday's auction of short-term IOUs, the Bureau of the Treasury awarded only P6.7 billion of debt papers, less than half of its P15 billion program for the week. National...
Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos has vowed to fight for the earmarking of funds for the construction of a local viaduct in the proposed 2023 national budget. Ilocos Norte 1st district Rep. Sandro Marcos (PPAB) In a press briefing in his district office...
The House of Representatives will ratify the proposed P5.268-trillion 2023 national budget and approve, on third reading, around 16 to 18 priority measures of the Legislative-Executive Development Advisory Council (LEDAC) before Congress goes on Christmas break on Dec. 17, according to House...
Senator Francis Tolentino said he supports calls that seek to make the proposed P5.268-trillion national budget for 2023 be more flexible and responsive to future natural and man-made disasters. Tolentino pitched for an adaptive and receptive 2023 national budget following the onslaught of Severe...
The national government rejected all bids for its short- and long-term debt paper offerings after investors sought for higher returns. At Wednesday’s dual auctions, Nov. 2, the Bureau of the Treasury failed to borrow P50 billion from the sale of three-, and six-months notes as well as one-, and...
The National Economic and Development Authority (NEDA) vowed to create a more enabling regulatory and investment climate that supports businesses in the country as the private sector plays a critical role in boosting job creation and reducing poverty. In his remarks at the US-ASEAN Business Council...
The National Economic and Development Authority (NEDA) said policies against climate change will have a pivotal role in upcoming development plans as these are much needed to achieve inclusive economic growth for the country. In a statement on Thursday, Oct. 27, Socioeconomic Secretary Arsenio M....
The Bureau of the Treasury borrowed less than expected after yield on long-term debt papers rose. The interest rate on the reissued 25-year Treasury bonds with a remaining life of 12 years and 11 months settled at 7.887 percent, above the prevailing secondary market rates of 7.233 percent to 7.368...
The national government borrowed P35 billion from the domestic market despite higher returns. The benchmark coupon rate on debt falling due in 10-years rose to 7.5 percent from 6.75 percent when same instrument was sold in last Sept. 13. Likewise, the yield is slightly higher than the 7.202 percent...
The skyrocketing consumer prices will not only drag down the country’s economic growth, but also keep many Filipino families trapped in poverty even if they earn more, the National Economic and Development Authority (NEDA) said. While high inflation is not here stay, Socioeconomic Planning...
The best local government units in the country converge in the 1 st Masskara Festival National Inter-Province Cities and Municipalities Chess Team Championships from Oct. 12 to 16 at the Forest Park Resort in Bacolod City. The five-day event will stake more than P600,000 in cash prizes courtesy...
The national government partially borrowed on Monday, Oct. 10, after benchmark yields for short-term loans moved sideways. At Monday's auction of Treasury bills, the Bureau of the Treasury awarded only P3.965 billion, well below the programmed P15 billion. National Treasurer Rosalia V. De Leon said...
