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Treasury bill rates declined across-the-board on Monday amid strong demand for short-dated debt and expectations that monetary authorities will keep the policy rate at a record-low 2 percent. The Bureau of the Treasury sold all P15 billion of the IOUs [...]
The generation rates in the Visayan Electric franchise area will be 0.07 centavos lower for the September-October billing period. President and chief operating officer Raul Lucero said the slight drop in the generation rates for the current billing period was [...]
Three of the country’s leading business groups have urged the Home Development Mutual Fund (Pag-IBIG) to offer penalty condonation on unsettled obligations in light of the ongoing pandemic. In a letter to Pag-IBIG chief executive officer Acmad Rizaldy Moti, the [...]
The infighting within the the ruling party, Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), may disrupt the government’s policymaking at the height of a pandemic-induced crisis, Fitch Solutions said. In a commentary published by Fitch Solutions on Monday, Sept. 13, the [...]
The local stock market regained the previous day’s losses amid guarded optimism over the COVID situation. The main index rose 46.49 points or 0.67 percent to close at 6,970.51 with gains led by the Services and Mining and Oil counters [...]
The Sy siblings dominated Forbes Magazine’s latest list of 50 richest people in the Philippines, with the country’s tycoons defying pandemic headwinds after seeing their collective wealth rise 30% to $79 billion this year. The heirs of late retail magnate [...]
Consumer price growth resumed its uptick to accelerate beyond government expectations anew in August on higher utility costs and pricier food items. Inflation, as measured by the consumer price index, went up 4.9% year-on-year in August, faster than 4% on-year [...]
Bank lending continued to contract in July, albeit at a milder pace, but the recent return to harsh lockdowns may reverse some gains. Excluding lending to each other, outstanding loans of big banks fell 0.7% year-on-year in July to P9.12 [...]
YouTube said on Thursday it had suspended payments to content producers from 14 channels accused of spreading fake news about next year’s election by the country’s federal electoral court, the TSE. Most of the channels offer regular full-throated support to [...]
US indices hit records again in Wednesday’s session as investors renewed their faith that the current Covid-19 surge will end, though trading was subdued elsewhere in the world. The S&P 500 poked above 4,500 for the first time, closing just below [...]
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