BACOLOD CITY - Local officials here led the groundbreaking for the construction of the Silay City Government Center in Negros Occidental which is being eyed to boost the growth and development in the city as well as its local economy. Mayor Mark Golez led the groundbreaking of the P1 billion...
The Department of Finance (DOF) is confident that Japan’s commitment to help the Philippines’ infrastructure development and other initiatives will stay beyond President Duterte’s term. Finance Secretary Carlos G. Dominguez III expressed his confidence following the Philippines and Japan 12th...
The Bureau of the Treasury has raised an initial P120.76 billion well above the P30-billion on offer from the government's new five-year retail Treasury Bond (RTB) that generated total tenders of P183.44 billion at the launch Tuesday, Feb. 15. The Treasury said small Filipino savers wanting to take...
Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans. At Monday's auction of Treasury bills on Feb. 14, the bellwether 91-day T-bill rate, which banks use in pricing their loans, rose to 0.810 percent from 0.710 percent previously. The Bureau of the...
The government will sell P30 billion, its first retail Treasury bond (RTB) for the year catering to small Filipino savers, the Bureau of the Treasury announced. In a notice, the Treasury bureau said the government will launch this month another RTB, offering a minimum principal amount of P30...
Lingering concerns over high inflation in the United States and Federal Reserve’s future action pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Feb. 8, the yield for the reissued 10-year Treasury bond went up to 5.093 percent from...
Short-term rates move sideways Short-term benchmark interest rates moved sideways amid excess liquidity in the financial market. At a Bureau of the Treasury auction on Monday, Feb. 7, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, inched up to 0.710 percent from...
The Duterte administration has so far borrowed more than P1 trillion from foreign lenders for the government’s coronavirus response, the Department of Finance (DOF) said. As of Jan. 14, 2022, the national government already raised a total of $22.55 billion, or roughly P1.15 trillion, in budgetary...
The interest rate for long-term Philippine debt papers dropped to 4.089 percent from the 4.564 percent in December last year amid lingering anticipation over unwinding monetary policies in the United States. The Bureau Treasury reported on Wednesday, Feb. 2, that investors at the auction for the...
The Philippines incurred more debt last year, hitting nearly P12 trillion. The Bureau of the Treasury reported on Tuesday, Feb. 1, that the national government’s outstanding financial obligations rose 20 percent to P11.728 trillion at end-December from P9.795 trillion in the same period in 2020....
The Government Service Insurance (GSIS) on Monday, Jan. 31, said it will release a total of P100 million to 10,000 kins of members to augment their college expenses for the academic year 2021-2022. GSIS said each student will receive P10,000 from GSIS. "The P10,000 educational subsidy will bring a...
Philippine benchmark interest rates for short-term loans dipped amid expectations of slower inflation rate. At Monday's auction of Treasury bills on Jan. 31, the bellwether 91-day T-bill rate, which banks use in pricing their loans, slightly fell to 0.691 percent from 0.693 percent previously. The...
