Treasury bill yields rise at auction; market watching BSP rate action
Treasury bill yields were higher at Monday’s auction after the Bangko Sentral ng Pilipinas’ warning last week it might raise interest rates in November if inflation continues to rise.
BSP rules out any more deposit reserve cut for thrift banks
The Bangko Sentral ng Pilipinas ruled out any more reduction in the deposit reserve requirement of thrift banks, saying that at 2 percent, the mandatory reserves are already low.
Batang Gilas drops game vs China; settles for 4th
Batang Gilas knew it lost the bronze even before the third quarter ended, with China building a 33-point lead before closing the game for third place at the FIBA U16 Asian Championship in Doha, Qatar.
NGCP readies contingent measures amid Taal unrest
The National Grid Corporation of the Philippines (NGCP) on Sunday bared contingency measures in place should Taal volcano activity in Batangas disrupt transmission facilities.
PNOC-EC projects high rate of success at Malampaya prospects
State-run Philippine National Oil Company-Exploration Corp. (PNOC-EC) projected a high 80 percent success rate in prospecting for new wells at the Malampaya service contract area off the northwestern coast of Palawan.
