Banking & Insurance
7-year bond rate rises at auction after budget swings to deficit in Feb
The rate on seven-year bonds averaged higher to 6.229 percent at the auction held by the Bureau of the Treasury on Tuesday. Bid rates range from 6.20 percent and 6.35 percent.
Philippine statistical system second best in Southeast Asia—World Bank indicator
The Philippines’ statistical system has been ranked second most robust in Southeast Asia, behind Singapore, in the recently released 2022 statistical performance indicators of the World Bank, a framework that assesses the maturity of national statistical systems.
GSIS awards housing beneficiaries in Rizal, recognizes agencies for supporting GSIS initiatives
The Government Service Insurance System (GSIS) president and general Manager Wick Veloso recently awarded land titles to five beneficiaries from various GSIS housing programs in Rizal under its Pabahay sa Bagong Bayaning Manggagawa (PBBM) program. The pension fund also awarded government agencies who supported its mandate of securing the future of government employees during a meeting with GSIS stakeholders in Antipolo.
BSP projects continued cost pressures in the March price survey
The Bangko Sentral ng Pilipinas projects the March 2024 inflation to settle within 3.4 to 4.2 percent.
National Treasury upsizes treasury bill award as strong demand tame yields
The Bureau of the Treasury awarded a total P17 billion worth of treasury bills at the auction Monday, P2 billion more than the offered amount as the auction committee took advantage of lower rates and strong demand.
