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 […]

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 […]