The Marcos administration completed its debut in the overseas debt markets that raised $2 billion in new borrowings, describing it as a vote of confidence by foreign investors in the new government, the Department of Finance (DOF) said. The Bureau of the Treasury on Thursday, Oct. 6, concluded the...
The Bureau of the Treasury made another partial award of its long-term debt papers due to higher returns. At Tuesday’s auction on Oct. 4, the reissued Treasury bonds, with a remaining life of two years and six months, fetched an average interest rate of 5.746 percent, higher than the 5.551...
Although Camarines Sur 3rd District Rep. Gabriel Bordado Jr. has expressed support for the P5.268-trillion 2023 national budget, he underscored the need to ensure this will benefit the underprivileged and marginalized as he asked for an increased budget for several government programs. Camarines...
The national government failed to borrow through the sale of short-term notes from the domestic market after investors sought for higher returns. At Monday's auction of Treasury bills on Oct. 3, the bureau did not award bellwether the 91-day IOUs, which banks use in pricing their loans, after...
Senator Alan Peter Cayetano has urged the Department of Budget and Management (DBM) to consider adopting a policy where government agencies would be the ones to procure for themselves any items or devices allocated for them in the National Expenditure Program (NEP). Cayetano said this would help...
The National Economic and Development Authority (NEDA) said the revised rules of the Build-Operate-Transfer (BOT) law would lure more public-private partnership (PPP) projects under the Marcos administration. In a statement, Socioeconomic Planning Secretary Arsenio M. Balisacan said the revised...
Amid runaway prices of basic goods and an uncertain economic future, the House of Representatives passed on third and final reading Wednesday night, Sept. 28, the biggest annual spending plan in the country's history. (PPAB) Hurdling the 311-strong lower chamber was the 2023 General Appropriations...
Former National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) spokesperson Lorraine Badoy is “not even a consultant” for the Office of the President (OP) or the anti-insurgency task force, a lawmaker said on Wednesday, Sept. 28, amid the controversy the former official stirred...
The House of Representatives expects to conclude on Wednesday night, Sept 28 the plenary debates on the 2023 General Appropriations Bill (GAB) worth P5.268 trillion, after which they will immediately approve the measure on second and third reading. The House plenary (PPAB) "Tomorrow, we are...
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...
