State-run aviation firm Clark International Airport Corp. (CIAC) remitted record dividends to the national coffers on the back of its sound financial management. Arrey Perez, CIAC president, said the government-owned company has remitted dividends totaling P202.9 million from its operations in 2023...
The government successfully raised funds through the sale of short-term debt papers due to lower interest rates following mostly softer gross domestic product growth and inflation rate. The national government on Monday, May 13, made a full award of all its short-term debt papers even after...
The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) in March this year, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P6.87 billion in March, down by 36 percent compared...
Benchmark interest rates returned their slide after the recent downward correction in US Treasury yields. At Monday's auction, May 6, the 91-day Treasury bill rate, which banks use in pricing their loans, went down to 5.780 percent from 5.869 percent in the last auction. Likewise, the yield for the...
The national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
Short-term benchmark interest rates moved sideways amid slightly stronger peso exchange rate. The national government on Monday, April 29, made a full award of all its short-term debt papers as demands totaled P51.204 billion, more than threefold the offer. The Treasury made a full P5-billion award...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
The Marcos administration’s budget deficit shrank in March this year as revenue growth outpaced public spending, the Bureau of the Treasury reported. The fiscal deficit of the national government for the third month of the year was P195.9 billion, down from P210.3 billion in March 2023. Based on...
State-owned Bases Conversion and Development Authority (BCDA) has doubled its dividend remittance to support the government’s spending and strengthen economic growth. In a statement on Wednesday, April 24, BCDA reported that it has remitted P1.1 billion in dividends to the Bureau of...
Short-term benchmark interest rates rose at the auction on Monday due to the expected delay in rate cuts by the US Federal Reserve, given the persistent inflation. The rate for the 91-day Treasury bill (T-bills) increased to 5.888 percent from 5.870 percent during the last week’s auction....
Debt payments made by the government decreased in February due to lower principal payments made to domestic creditors, data from the Bureau of the Treasury showed. The national government's debt servicing reached P293.61 billion last February, 22 percent lower than the P375.71 billion paid out in...
The Bureau of the Treasury reported that the Marcos administration significantly increased its borrowing in February this year, primarily from the domestic market. In the second month of 2024, the national government's gross borrowings totaled P419.97 billion, higher by 22 percent compared to...
