Reissued T-bonds fetch higher rates

THE GOVERNMENT partially awarded the reissued Treasury bonds (T-bonds) it offered on Wednesday as markets again reacted to a hawkish US Federal Reserve and an expected tightening by the Bangko Sentral ng Pilipinas (BSP) at the next Monetary Board meeting. The Bureau of the Treasury (BTr) raised just P25.10 billion via the reissued 10-year T-bonds […]

Atlas Mining net income surges

ATLAS Consolidated Mining and Development Corp. posted a 191% year-on-year increase in its net income for the first quarter to P1.22 billion on the back of higher production and strong metal prices. In a stock exchange disclosure, Atlas Mining said that gross revenues for the quarter improved 54% year on year to P5.49 billion due […]

UnionBank nets P2.6B in Q1

UNIONBANK recorded a net income of P2.6 billion in the first quarter of 2022, translating to a return on equity of 9.2 percent.The bank’s recurring income grew 21 percent versus the same period last year as net interest income increased by 12 percent to P8.1 billion and fee-based income more than doubled to P1.4 billion.Net […]

Rates of T-bills, bonds may rise

RATES of government securities are expected to increase this week on continued inflation concerns as the war in Ukraine pushed up global oil prices. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday or P5 billion each in 91-, 182- and 364-day securities. On Tuesday, it will auction […]