Investors continued to ask for higher interest rates from the government, prompting the Bureau of the Treasury to reject offers for the three-month and one-year debt papers. At an auction of Treasury bills on Tuesday, Sept. 27, offers for the bellwether 91-day rate, which banks use in pricing their...
The power of the purse belongs to the House of Representatives, and for this reason the lower chamber has embarked on a mission to pass the P5.268-trillion proposed national budget for 2023 on or before Oct. 1 this year. The House plenary (Ellson A. Quismorio/ MANILA BULLETIN) The House members...
The benchmark interest rate on debt falling due in almost seven-years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 20. The interest rate of the seven-year Treasury bonds, with a remaining life of six-years and eight months, fetched 6.588 percent. The...
The House of Representatives has begun the period of sponsorship and debates on the 2023 General Appropriations Bill (GAB). Ako Bicol Party-list Rep. Zaldy Co (Screenshot from Facebook live) Ako Bicol Party-list Rep. Zaldy Co, chairman of the House Committee on Appropriations, delivered his...
The National Economic and Development Authority (NEDA) expects the amended implementing rules and regulations (IRR) of the build-operate-transfer (BOT) law to take effect next month. Socioeconomic Planning Secretary Arsenio M. Balisacan said the Cabinet-level BOT IRR Committee, chaired by the NEDA,...
The National Economic and Development Authority (NEDA) said the government is committed to transparency and participatory processes through active stakeholder engagement for public-private partnerships (PPP). In a statement, Socioeconomic Planning Undersecretary Joseph J. Capuno said they will...
The Senate Committee on Finance has started discussions on the proposed P5.268-trillion national budget on Wednesday, September 14. Finance Secretary Benjamin Diokno told the Senate finance panel, chaired by Sen. Sonny Angara, that the Marcos administration is committed to pursue a “robust...
NEDA identifies top priorities in PDP 2023-2028 By Chino S. Leyco The National Economic and Development Authority (NEDA) said social protection and human capital development will be among top priorities in the short to medium term under the upcoming Philippine Development Plan (PDP) 2023-2028....
The benchmark interest rate on debt falling due in 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 13. The coupon rate of the new 10-year Treasury bonds fetched at 6.75 percent, lower than the 7.75 percent when same instrument was sold in June...
Philippine benchmark interest rates for short-term loans rose prompting the Bureau of the Treasury to only borrow partially. On Monday, Sept. 12, auction of Treasury bills, the government rejected all bids for three-month IOUs. Likewise, the Treasury bureau failed to borrow through the sale of...
There will be no political dynasties should the Philippines shifts to a parliamentary form of government like that in the United Kingdom, National Security Adviser Clarita Carlos told senators in a hearing on Friday, September 2. There are no term limits and there is a very strong bureaucracy in a...
The entire judiciary will receive a total of P5.7 billion in additional funds under the proposed national budget for next year, 1-Pacman Party-list Rep. Mikee Romero disclosed on Thursday, Sept. 1. Supreme Court (SC) Romero, who is now the chairman of the House Committee on Poverty Alleviation,...
