The government on Monday, June 2, borrowed ₱28.6 billion—exceeding its ₱25-billion offer—through short-term debt papers as domestic lenders flocked to the sale, eager to lock in relatively higher interest rates ahead of an expected decline in the coming months. At the latest treasury bills...
The Securities and Exchange Commission (SEC) is seeking to entice real estate companies with rental pool arrangements to tap the capital market for their growth and financing needs with the launched of streamlined rules for the registration their securities. Rental pool agreements refer to...
The Department of Public Works and Highways (DPWH) and the Asian Development Bank (ADB) inspected the rehabilitation of a key highway and bridge project linking Zamboanga Sibugay and Zamboanga del Norte on Thursday, May 22. DPWH Secretary Manuel M. Bonoan and ADB Vice-President Scott Morris led...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-term debt papers, as creditors moved to lock in relatively higher interest rates ahead of a possible reduction in key borrowing costs by the Bangko Sentral ng Pilipinas (BSP) at its policy meeting...
Actor David Licauco (left) poses with his grandfather, Jaime T. Licauco (Images courtesy of Facebook) Author Jaime T. Licauco, grandfather of actor David Licauco, has passed away. He was 84. David mourned the loss of his lolo, whom he referred to as "the wisest man" he has ever known. On...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-dated debt papers, with creditor appetite remaining relatively high despite the drop in interest rates following the peaceful results of the midterm elections. At Tuesday’s auction on May 13, the...
SINGAPORE—The Spain-Portugal blackouts, which had been partly blamed on overreliance on solar without enough capacity backup, signal a warranted acceleration of energy storage investments for markets like the Philippines that have been betting on massive-scale renewables. In an exclusive...
Borrowing rates for short-dated T-bills rose across the board on Monday, May 5, but it didn 't stop the Bureau of the Treasury (BTr) from raising the ₱25 billion it sought to borrow. In a statement, the BTr said it awarded ₱8 billion in the benchmark 91-day treasury bills at 5.573...
Amid concerns of a cooling Chinese economy, SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, remains upbeat about its businesses in China, where it has also ventured into the office leasing business in addition to malls. “In China, there is nothing to...
Students and business owners in Barangay Malabog, Davao City are able to progress as accessible electric power finally reaches their homes and establishments. Mitch Balbuena, 14, dreams of being a teacher but initially found it hard to focus on her studies, relying on intermittent power from solar...
