THE CENTRAL BANK made a full award of the short-term securities it offered on Friday as rates declined as the government kept Metro Manila under strict quarantine measures. The Bangko Sentral ng Pilipinas raised P100 billion via the 28-day bills it auctioned off on Friday out of bids worth P153.98 billion, nearly twice as much as the offer […]
Tag: bills
House clears Manila Water, Maynilad franchise bills
LAWMAKERS at the House of Representatives have approved on Tuesday measures to grant the franchises of Manila Water Co., Inc. and Maynilad Water Services, Inc. on third and final reading. Voting 206-7-0 for both bills, they approved House bills 9422 and 9423, which grant separate 25-year congressional franchises to the two companies. If legislated, these […]
Duterte urges Congress to pass remaining tax reform bills
Philippine President Rodrigo R. Duterte on Thursday night urged the Congress to pass his administration’s last two tax reform bills. In his speech during the ceremonial signing of several bills in Malacañang, Mr. Duterte called on Congress to ensure the passage of two more measures under the Comprehensive Tax Reform Program. The proposed Real Property […]
Maybank teams up with Bayad to boost bill payment facility
MAYBANK Philippines, Inc. (Maybank) has teamed up with CIS Bayad Center, Inc. (Bayad) to expand its bills payment services for its clients. Through the partnership, users of Maybank2U PH will be able to settle payments to over 300 billers that are part of Bayad’s network. “The integration of our platforms allows us to combine strengths, […]
BSP fully awards 28-day bills
The Philippine central bank raised P100 billion from its auction of short-term securities on Friday even as rates rose on hints by the US central bank of a looming interest rate increase in 2023. The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day bills from total bids worth P140.525 billion. The auction was 1.4 […]
Rates of Treasury bills to move sideways on lack of fresh leads
RATES of the Treasury bills (T-bills) on offer on Monday will likely move sideways and track US yields amid the lack of fresh leads. The Bureau of the Treasury (BTr) is looking to raise P25 billion via its offer of Treasury bills (T-bills) on Monday, broken down into P5 billion from the 91-day securities, P8 […]
Vax populi
While the government and the private sector continue to directly source COVID-19 vaccines for Filipinos, senior executives of Republic Gas Corp. (Regasco) and South Pacific, Inc. (SPI) launched a three-pronged vaccination plan for their 3,000-strong workforce dubbed as “Secure. Promote. Initiate.” Both owned by the Ty family of Isabela, Regasco and SPI have been assisting […]
NEA adds guidelines on writing-off lost, destroyed power bills
THE NATIONAL Electrification Administration (NEA) has issued additional guidelines on writing-off uncollected power bills that have been lost or destroyed due to natural calamities and man-made disasters. In a memorandum posted on its website on Tuesday, NEA said the new regulations were added after an electric cooperative in Lanao del Sur requested to write-off electric […]
BSP bills undersubscribed on RTBs
THE CENTRAL BANK sold P99.05 billion in one-month securities on Monday, below its program due to the government’s ongoing offer of retail Treasury bonds (RTBs) and expectations of quicker inflation. Demand for the 28-day bills offered by the Bangko Sentral ng Pilipinas (BSP) on Monday was lower than the P100 billion on the auction block […]
Executive branch may not certify economic reform bills as urgent
By Kyle Aristophere T. Atienza THE ADMINISTRATION is focused on delivering the needed fiscal boost for the economic recovery and may not certify as urgent a number of economic reform bills pending in Congress, the President’s spokesman Herminio L. Roque said. At a televised briefing, Mr. Roque said the reform bills that are not on […]