Debt payments by the national government declined significantly in the first-quarter due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P313.65 billion in January to March, or 40 percent lower than the P521.51 billion paid out in...
The government debt as a proportion of the country’s economy inched up further in the first-quarter, supporting views that the administration of presumptive president Ferdinand R. Marcos Jr. will face a serious debt problem. The outstanding liabilities of the national government reached P12.679...
Benchmark interest rates rose across the board at Monday's auction of short-term government debt papers on the back of higher consumer prices. The yield on the 91-day Treasury bill, which banks use in pricing their loans, moved up to 1.531 percent from 1.272 percent a week ago. The government...
The national government has borrowed less in the first three months of the year as sources of state revenue start to normalize on the back of easing quarantine restrictions, data from the Bureau of the Treasury showed. The Treasury reported over the weekend that the Duterte administration’s total...
Government debt load in March soared by more than half a trillion pesos in the month of March alone on the back of borrowing spree from domestic and foreign lenders, data from the Bureau of the Treasury revealed. The gargantuan borrowing in March brought the national government debt stock to...
The benchmark interest rate on debt falling due in three years rose at an auction of government IOUs at the Bureau of the Treasury. Investors were willing to buy as much as P41.492 billion of the three-year Treasury bonds, more than the government's offer of P35 billion. The rate of the IOUs rose...
Lingering uncertainties over aggressive tightening in the US and domestically pushed up most of the interest rates for short-term Philippine debt papers. At the Bureau of the Treasury’s auction on Monday, May 2, the yield for the 91-year Treasury bill, which banks use to price their loans, went...
The national government's budget deficit declined in the first three-months of the year after revenues grew by double-digits, outpacing the increase in public spending, the Bureau of the Treasury reported. On Wednesday, April 27, the Treasury bureau showed that the government incurred a P316.8...
The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose. At a Bureau of the Treasury auction on Tuesday, April 26, the yield for the 10-year Treasury bond went up to 6.313 percent from 6.092 percent last March 29 when the IOU was last sold....
The national government raised P15 billion through the sale of short-dated debt papers. At the Bureau of the Treasury auction on Monday, April 25, yields on three- and six-month debt papers went down, while bids for the one-year IOU rose. The yield on the bellwether 91-day Treasury bill, which...
Benchmark interest rates moved sideways as investors tend to be concerned about a potential hawkish policy stance by the US Federal Reserve. At an auction of Treasury bills on Monday, April 18, the bellwether 91-day rate, which banks use in pricing their loans, dropped to 1.223 percent from 1.250...
The Philippine Amusement and Gaming Corp. (Pagcor) has remitted fresh cash dividends to state coffers to support government programs aimed at mitigating the impact of the Russia-Ukraine crisis on the vulnerable sectors. In a statement, Andrea D. Domingo, Pagcor chair and chief executive officer...
