Philippine benchmark interest rates for short-term loans dipped ahead of the US Federal Reserve’s policy meeting next week. At Monday's auction of Treasury bills on Jan. 23, the bellwether 91-day T-bill rate declined to 4.211 percent from 4.250 percent previously. It is also lower than the...
COLOMBO, Sri Lanka -- Sri Lanka's treasury is running out of funds as a serious economic crisis continues to affect the the South Asian island nation, the country's cabinet spokesman said on Tuesday. People queue up to get kerosene for cooking due to the gas shortage in Colombo, Sri Lanka, June 17,...
Investors swamped the Marcos administration’s second overseas $3-billion bond sale, allowing the government to borrow at the much lower interest rates than initially estimated, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno announced Tuesday, Jan. 10, that the national...
Benchmark yields for short-term loans rose anew amid expectations that US Federal Reserve will continue its interest rate tightening regime. At Monday's auction of Treasury bills on Jan. 9, the 91-day Treasury bill rate increased to 4.232 percent from 4.155 percent last week. This, however, is...
Government borrowings accelerated in November last year mainly due to increased domestic financing, data from the Bureau of the Treasury revealed. Gross borrowings of the Marcos administration amounted to P97.87 billion in November alone, up 266 percent from only P26.69 billion in the same month in...
The strengthening of the peso against the US dollar in November helped soften the rise in government debt, the Bureau of the Treasury reported. Based on the Treasury report on Tuesday, Jan. 3, the outstanding debt of the national government stood at P13.644 trillion at end-November, up by a...
Revenue collection is on track to hit the government's full-year target this year driven by the Bureau of Customs’ better than expected performance, data from the Bureau of the Treasury showed. Based on the Treasury report on Tuesday, Dec. 27, total revenues reached P3.277 billion from January to...
The Marcos administration is planning to borrow P200 billion from domestic creditors in the first month of next year to finance the government’s budget deficit, data from the Bureau of the Treasury showed. Based on a Treasury memorandum posted on its website, the national government has raised...
The Civil Service Commission has announced that a total of 12,800 examinees passed the Fire Officer Examination (FOE), Penology Officer Examination (POE), and the Basic Competency on Local Treasury Examination (BCLTE). (Photo courtesy of CSC) According to CSC, a total of 10,115 examinees passed the...
The Bureau of the Treasury cancelled its last borrowing plan for the year given the government’s better than expected revenue collection performance, resulting in lower borrowing than originally planned. National Treasurer Rosalia V. De Leon said on Monday, Dec. 12, that the bureau already...
Debt payments of the national government dropped by more than half in October this year due to lower amortization, data from the Bureau of the Treasury showed. Marcos administration’s debt servicing reached P39.82 billion in October, down 55 percent more O89.06 billion paid out in the same month...
The Philippine goverment must take prompt decisive actions on the latest sanctions imposed by the United States (US) Department of Treasury against controversial preacher Apollo Quiboloy, the Gabriela Women’s Party said on Sunday, Dec. 11. Gabriela Rep. Arlene Brosas (left) and Pastor Apollo...
