Treasury bill yields up at auction on BSP rate hike; all tenders for bond rejected
The National Treasury rejected some of the tenders treasury bills and all the bids for the 10-year bonds at the auction Tuesday, where market participants sought higher yields following the off-cycle decision of the Bangko Sentral ng Pilipinas to raise its benchmark interest rates to tame inflation.
Daily flights to Tuguegarao are back
The Philippine Airlines on Tuesday resumed daily flights between Manila and Tuguegarao, the economic center of Cagayan Valley.
NG debt eases to P14.27T in Sept on net repayments
The total outstanding debt of the Philippine government declined in September by P80.9 billion to P14.27 trillion due mainly to net repayments of both domestic and foreign debts during the month.
DMCI Holdings earnings plunge on normalizing coal, nickel price
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
AyalaLand Logistics 9-month net profit takes hit from weak industrial lot sales
AyalaLand Logistics Holdings Corp. said Tuesday net income in the nine months to September plunged 37 percent from the year-earlier period, hurt by lower revenue from industrial lot sales of Ayala Land Inc.’s industrial estate developer and softer demand for leasing of warehouse and commercial spaces.
