Speculation about a possible policy rate adjustment and higher full-year inflation pushed up the yield for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Nov. 9, the interest rate for the 10-year Treasury bond went up to 5.130 percent from 4.468 percent last...
Banks pressed for an increase in Philippine benchmark interest rates for short-term loans as the government mulls borrowing from small investors before the end of the year through the sale of retail Treasury bonds (RTB). At Monday's auction of Treasury bills on Nov. 8, the bellwether 91-day T-bill...
The Government Service Insurance System (GSIS) is encouraging its members and pensioners to download its mobile app for hassle-free transactions. (Screencap from YouTube) During a Laging Handa briefing on Monday, Nov. 8, GSIS EVP Dionisio Edbane said through the GSIS Touch app, members and...
The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) amid the widening budget deficit, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P145.87 billion from January to September...
Hundreds of staff and volunteers were deployed by the Philippine Red Cross (PRC) nationwide to reinforce the vaccination drive in various local government units (LGUs), the agency said on Saturday, November 6, 2021. In a statement, PRC said that more than 2,300 people were vaccinated in one day...
Members of the House of Representatives are urged by the University of the Philippines (UP) Board of Regents to declare as null and void the motion for reconsideration on the approval of House Bill No. 10171 which would institutionalize the abrogated University of the Philippines-Department of...
The Pasay City government said its active COVID-19 cases are now down to 90 as of Nov. 3. Mayor Emi Calixto-Rubiano said bringing down the active cases to 90 was made possible due to the continued vaccination of the adult population and the strict implementation of basic health protocols. Rubiano...
Lingering concerns over higher than expected inflation and the looming scaled back stimulus program in the United States pushed up the interest rate for long-term Philippine debt papers. At the Bureau of Treasury auction on Wednesday, Nov. 3, the yield for the five-year Treasury bond went up 3.762...
The United States (US), through the United States Agency for International Development (USAID), is celebrating Wednesday, Nov. 3, its 60 years of development partnership with the Philippines. United States Agency for International Development (USAID) “This year, USAID is proud to celebrate 60...
Benchmark interest rates increased across the board at Tuesday’s auction of short-term government debt papers, as investors wait for the latest inflation report and shift in policy at US Federal Reserve. The yield on the 91-day Treasury bill, which banks use in pricing their loans, went up to...
Government borrowings grew at a much slower pace in the first nine months of the year as the need for additional financing to augment the country’s coronavirus war chest started to wane, data from the Bureau of the Treasury revealed. The Duterte administration’s gross borrowings in January to...
The Philippine government debt rose in September nearing the P12-trillion mark due to higher borrowings from local and foreign creditors as well as depreciation of the peso, the Bureau of the Treasury reported. The total outstanding debt stock of the national government reached P11.92 trillion as...
