The legal team of televangelist Pastor Apollo Quiboloy and his church, the Kingdom of Jesus Christ (KOJC), has lamented the alleged lack of due process when the United States imposed sanctions on their client, who they said is not convicted of any crime yet. They made the reaction on Saturday after...
A good development. ACT Teachers Party-list Rep. France Castro (House of Representatives website) That's how Deputy Minority leader and ACT Teachers party-list Rep. France Castro described the developments in the stateside cases against Kingdom of Jesus Christ, The Name Above Every Name (KOJC)...
Government debt stock rose anew in October this year due to new loans and weakening peso, data from the Bureau of the Treasury revealed. As of October 2022, the national government’s outstanding debt stood at P13.641 trillion, up 14 percent compared with P11.971 trillion in the same period last...
The Bureau of the Treasury assured the public that the government will impose safeguard measures to ensure the integrity of the proposed Maharlika Wealth Fund (MWF). In a statement, National Treasurer Rosalia V. De Leon said on Wednesday, Dec. 7, that the bureau supports the establishment of a P250...
The Bureau of the Treasury made a full-award on Tuesday, Dec. 6, after the benchmark interest rate on debt falling due in almost 12-years settled within the secondary market levels. The interest rate of the reissued 25-year IOUs, with a remaining life of 11-years and 11-months, fetched 7.189...
Senate Majority Leader Joel Villanueva today threw his support behind plans of the Department of Finance (DOF) to launch retail treasury bonds targeted at overseas Filipino workers (OFWs). This, according to Villanueva, is s a great investment opportunity for the OFWs described as the country’s...
Benchmark yields for short-term loans moved sideways, prompting the Bureau of the Treasury to reject bids for one-year notes. At Monday's auction of Treasury bills on Dec. 5, the bellwether 91-day Treasury bill rate dropped to 4.089 percent from 4.205 percent last week. This is also lower than the...
Borrowings of the national government rose last October due to President Marcos’ maiden issuance of offshore commercial bonds, data from the Bureau of the Treasury revealed. Gross financing of the Marcos administration stood at P182.42 billion in October this year, higher by 25 percent compared...
Security Bank Corporation has been recognized by the Bureau of Treasury (BTr) again recognized as a Market Maker for 2023 under the enhanced Government Securities Eligible Dealers (GSED) program. In a statement, the bank said the recognition is given in line with the Bank’s continued efforts to...
Benchmark yields for short-term loans moved sideways, prompting the Bureau of the Treasury to partially borrow. At Monday's auction of Treasury bills on Nov. 28, the bellwether 91-day Treasury bill rate dropped to 4.205 percent from 4.375 percent last week. This, however, is higher than the...
The national government’s budget deficit rose by more than half in October due to higher public spending that outpaced its strong revenue growth, the Bureau of the Treasury reported. The Treasury bureau said on Friday, Nov. 25, that the Marcos administration incurred a P99.1 billion fiscal...
Domestic borrowing program of the Marcos administration for December dropped due to fewer workweeks during holiday season. Based on the Treasury advisory on Thursday, Nov. 24, the December financing plan of the Bureau of the Treasury declined by 32 percent to P135 billion from P215 billion in the...
