Don't look now, but the peso depreciation these past few months actually had a positive impact on the Philippine economy. (Mari Gimenez/ Unsplash) The House of Representatives' resident economist, Albay 2nd district Rep. Joey Salceda, made this argument during a media briefing Thursday, Nov. 10 as...
President Ferdinand "Bongbong" Marcos Jr. on Tuesday dismissed the country's latest inflation rate, which has increased compared to last month's figure, by saying it is an "imported inflation." "I think I will have to disagree with that number. We are not that high. We have crossed the...our...
Dutch reality show "Million Dollar Island" which was filmed on location in northern Palawan is set to air on television in the Netherlands on Sunday (Dutch time), the Department of Foreign Affairs (DFA) said. "Million Dollar Island" trailer title card (Screenshot from Metronieuws/SBS6) A hundred...
WASHINGTON, United States -- US discount retailer Dollar Tree said on Tuesday that the company would raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022 amid broad inflation pressures. dollar-tree-2 "For 35 years, Dollar Tree has managed through inflationary...
The government on Friday, Oct. 8, listed its first onshore retail dollar bonds (RDBs) in the Philippine Dealing and Exchange Corp. (PDEX), bringing closer to fulfilling its twin goals of deepening the domestic capital markets and broadening financial inclusion. During the listing, Finance Secretary...
Small investors who were looking for a low-risk, accessible and higher-yielding investment swamped the government’s first onshore issue of retail dollar bonds, the Bureau of the Treasury announced. Based on a report submitted by National Treasurer Rosalia V. de Leon to Finance Secretary Carlos G....
Finance Secretary Carlos G. Dominguez III urged small investors to invest in the government’s maiden onshore retail dollar bond (RDBs) offering, saying it is a “win-win proposition” that will promote financial inclusion while raising funds for the country’s coronavirus response. Finance...
The Bureau of the Treasury has launched the government’s first onshore issue of dollar bonds catering to small investors who are looking for a low-risk, accessible and higher-yielding investment. At the price-setting auction on Wednesday, Sept. 15, the Bureau of Treasury raised an initial $866.2...
The Bureau of the Treasury will team up with the country’s leading banks to let small investors buy at easy terms retail dollar bonds (RDBs) that the government is planning to issue this year to fulfill part of its domestic financing requirements. National Treasurer Rosalia de Leon said several...
The Bureau of the Treasury is planning to sell the Philippine government’s first retail dollar-denominated bond (RDB) targeted mainly at overseas Filipino investors. During a virtual briefing on Thursday, July 15, National Treasurer Rosalia V. de Leon said the government is firming up the details...
ONE FOR THE ROAD James Deakin Where does the Federal Reserve keep all its newly printed money? Answer: In debasement. Ok, I know Father’s Day is over and I’m a week out of the dad joke amnesty period, but there’s nothing funny about this. In fact, the only joke here is the US dollar, and...
Finance Secretary Carlos Dominguez said the government plans to sell dollar bonds before interest rates rise, and will look for new revenue sources and ways to wind down debt next year. Finance Secretary Carlos G. Dominguez III (Photo credit: https://www.dof.gov.ph/about/secretarys-page/) “We...
