President Duterte has called for the swift passage of the administration's priority bills, particularly certain tax reform measures, to help promote economic recovery following the debilitating impact of the pandemic. President Rodrigo Duterte (File photo/Malacañang) Among the administration bills...
The central bank’s securities auction this week have a lower volume but it remained oversubscribed by 1.52x at P152.15 billion. The Bangko Sentral ng Pilipinas (BSP) bills was offered at P100 billion compared to the previous Friday’s P110 billion. “The BSP adjusted the 28-day bill offer...
The Duterte administration has raised its domestic borrowing program next month as the government plans to hold a weekly auction of long-term IOUs, data from the Bureau of the Treasury showed. According to an online advisory released on today, May 26, the Treasury indicated that the national...
The Bangko Sentral ng Pilipinas’ (BSP) securities or BSP bills were oversubscribed by 1.23x during last Friday’s auction with P135.10 billion bids versus offer of P110 billion. Both were higher compared to the previous week’s offer and tenders of P100 billion and P120.93 billion,...
The auction of Bangko Sentral ng Pilipinas (BSP) securities continue to be oversubscribed while the yield dropped anew ahead of next week’s Monetary Board policy meeting. BSP Deputy Governor Francisco G. Dakila Jr. said Friday that the 28-day BSP bills auction attracted P116.02 billion bids...
As weather temperatures rise, so as the electricity rates that consumers will be paying in their May billing cycle. Power utility giant Manila Electric Company (Meralco) indicated there is high probability that power rates will increase this month due to confluence of factors – including...
With continued strong demand for Bangko Sentral ng Pilipinas (BSP) 28-day bills, its average interest rate again dropped to 1.8052 percent or 2.334 basis points (bps) lower from the previous auction. The auction remained oversubscribed by 1.52x with the BSP receiving bids worth P151.50 billion...
The auction of Bangko Sentral ng Pilipinas (BSP) securities continue to be both oversubscribed but with a lower yield. On Friday, the BSP fully awarded its P90-billion 28-day offer of BSP bills. It fetched a rate 1.8286 percent versus 1.8562 percent previously. Bids reached P145.25...
The auction of the Bangko Sentral ng Pilipinas (BSP) securities or bills continued to be oversubscribed along with the downtrend in rates. BSP bills auctioned reached with P114.18 billion worth versus offer of P80 billion. The average rate for the 28-day BSP bills are still on the downtrend, it...
The central bank’s Friday auction of 28-day securities fetched a lower rate amid demand, it received P109 billion tenders versus offer of P70 billion. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said demand for BSP bills reflects excess liquidity and market...
Rates for short-dated debt instruments rose anew at Monday’s (March 22) auction, due to lingering concerns on higher inflation. The national government accepted the bids for the 91-day Treasury bills (T-bills) at 1.336 percent, higher compared with 1.232 percent last week. Yield for the 182-day...
The Bangko Sentral ng Pilipinas’ (BSP) auction of BSP bills last Friday was 1.37 times oversubscribed and fully awarded by the central bank. BSP Deputy Governor Francisco G. Dakila Jr. said they offered and awarded in full P70 billion of 28-day BSP bills. “The weighted average interest...
