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THE national government raised more than its initial program during the auction of Treasury Bills (T-bills) on Monday, according to the Bureau of the Treasury (BTr). The BTr said the Auction Committee raised $19 billion from the T-bill auction compared to the P15 billion initial program. The BTr said the…
THE growth in the country’s domestic liquidity (M3) and loans of universal and commercial banks (U/KBs) remained a “bright spot” for Philippine economic performance, according to a local economist. Data from the Bangko Sentral ng Pilipinas (BSP) showed M3 grew by 6.8 percent year-on-year to about P16.5 trillion in August from 5.7 percent in July.
SHIFTING to a variable-rate Reverse Repurchase (RRP) facility auction format will allow the Bangko Sentral to better mop up excess liquidity in the market, according to central bank officials on Wednesday. In a briefing, BSP Deputy Governor Francisco G. Dakila Jr. said the challenge prior to this shift is that…
THE national government fully rejected bids for its reissued 20-year treasury bonds on Wednesday, the first time in nine months, according to the Bureau of the Treasury (BTr). The Auction Committee rejected bids for the debt papers that would have raised P30 billion for the national government. Had the committee…
The local stock market overcame early weakness to end slightly higher while investors wait for market moving news. The main index added 13.06 points or 0.19 percent to close at 7,069.68 with sectoral indices evenly split. Volume was firm at 1.24 billion shares worth P8.35 billion as gainers edged