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MANILA - Ample liquidity in the domestic economy continues to provide demand for Bangko Sentral ng Pilipinas' (BSP) 28-day bills, resulting in the drop of its interest rate this week. Data released by the central bank showed that the average rate of the debt paper, which is among the tools being used by the central bank to siphon off excess liquidity in the economy, slipped to 1.7764 percent from 1.7832 percent during the auction last October 8. BSP kept the offer volume at PHP100 billion, and the auction committee made a full award. Total tenders amounted to PHP139.05 billion. BSP Deputy ...

FAREWELL. Commission on Human Rights (CHR) chair Jose Luis Martin "Chito" Gascon has died at the age of 57 after his bout with Covid-19, his family announced on Saturday (Oct. 9, 2021). Gascon was appointed CHR chair in 2015. (Photo from Chito Gascon Facebook page) MANILA - Commission on Human Rights (CHR) chair Jose Luis Martin "Chito" Gascon has passed away following his bout with the coronavirus disease 2019 (Covid-19), his family announced Saturday. He was 57. "Sa dami mong Laban, sa Covid pa tayo na talo! Love you Kuya! RIP Chito Gascon (Of all the fights you'...

MANILA - The Bangko Sentral ng Pilipinas (BSP) on Friday reported another uptick in the rate of its 28-day Bill as demand continues to remain robust. In a statement, the central bank said the average rate of the debt paper, which is among the central bank's tools to siphon off excess liquidity in the economy, rose to 1.7832 percent from last week's 1.7670 percent. BSP lowered the offer volume this week to PHP100 billion from last week's PHP110 billion. The auction committee made a full award, with total tenders amounting to PHP147.84 billion. BSP Deputy Governor Francisco Dakila Jr...

Nagtahan Flyover (Photo courtesy of DPWH) MANILA - The Nagtahan Flyover in Sta. Mesa, Manila will undergo major repair and strengthening works starting Friday. Department of Public Works and Highways (DPWH) Secretary Mark Villar, in a statement, said only one lane of the structure would be accessible to motorists for the time being and only to light vehicles. Citing the report from the DPWH National Capital Region (NCR), Villar said as part of the major rehabilitation along the 467.85-meter standard reinforced concrete bridge, heavy vehicles would be banned while retrofitting is ongoing. "...