The benchmark interest rate on debt falling due in almost 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Aug. 16. The interest rate of the 10-year IOUs, with a remaining life of nine-years and 10 months, fetched 5.813 percent, lower than the...
The Commission on Elections (Comelec) on Tuesday, August 16, has started printing the official ballots for the plebiscite in Calaca, Batangas. The official ballots and accountable forms for the Plebiscite to ratify the conversion of the Municipality of Calaca, Batangas into a component city, is...
The 28th National Retail Conference and Stores Asia Expo (NRCE) – organized by the Philippine Retailers Association (PRA), the country’s biggest organization of top-notch retailers and prime movers in the retail industry – lived up to its billing as the most important and grandest retail...
Senator Rafael ‘’Raffy’’ Tulfo has warned that the persistent power outages in different provinces continue to threaten the country’s national security. Tulfo, chairman of the Senate Energy Committee, said that the government’s failure to properly address the recurring long periods of...
Yields on short-term government borrowings increased as investors expect the Bangko Sentral ng Pilipinas (BSP) to raise key policy rates this week. At an auction of Treasury bills on Monday, Aug. 15, the bellwether 91-day rate, which banks use in pricing their loans, inched up to 1.874 percent from...
The National Citizens' Movement for Free Elections (Namfrel) wants to see changes in the country's voter registration process. Namfrel In a statement on Monday, August 15, the poll watchdog group recommended to the Legislature the following: • Allow data sharing agreements between the...
Philippine National Bank reported a 50 percent drop in net income to P11.1 billion in the first half of 2022 from the P22.1 billion posted in the same period last year which had included a substantial non-recurrring gain. In a disclosure to the Philippine Stock Exchange, the bank said it recognized...
Following the 7.0 magnitude earthquake that hit northern Luzon last month, a pro-administration lawmaker sought the creation of the National Resiliency and Disaster Management Authority for a coordinated response to calamities In filing Senate Bill (SB) 186, Senator Imee Marcos said the National...
CONNECTIVITY PARTNERSHIP From left: Jason Ocampo, National Book Store’s Information and Communications Technology Department Head; Xandra Ramos-Padilla, National Book Store’s Managing Director; Jesus Romero, Converge ICT Solutions, Inc.’s Chief Operations Officer; Joffrey Marfil, Converge ICT...
From left: NRCE Co-chair Greg Lim, vice chair of Blims Lifestyle Group; Directors Mars Chua, president of Sportshouse; Bernie Liu, president and CEO of Golden ABC; Chairman Paul Santos, president of Picture City; Expo Overall Chair Donnie Tantoco, president of Rustan Commercial Corp.; Global...
The Procurement Service-Department of Budget and Management (PS-DBM) on Friday, Aug. 12, has turned over to the National Bureau of Investigation (NBI) documents related to the controversial Department of Education (DepEd) laptops. Dennis S. Santiago, PS-DBM executive director, said they also...
The National Economic and Development Authority (NEDA) said Public-Private Partnerships (PPPs) play a critical role in helping the government achieve inclusive and sustained economic growth. At the meeting of the European Chamber of Commerce of the Philippines, Socioeconomic Planning Secretary...
