Banking & Insurance
National Treasury cuts substantially Dec treasury bills, bonds offer sizes
The National Treasury has substantially reduced to P60 billion the amount of treasury bills and bonds it will offer during weekly auction scheduled December, less than a third of the volume it offered in November.
Inflation seen easing some more in November
Inflation, which averaged sharply lower to only 4.9 percent in October, is projected to ease further in November, according to the Bangko Sentral ng Pilipinas.
ACEN taps undisclosed lender for P20B loan
ACEN Corp. has tapped a bank for P20 billion earmarked for general corporate and for its renewable energy projects but declined to identify the lender.
SEC outlaws Binance
The Securities and Exchange Commission has issued a warning on using the online cryptocurrency exchange Binance.
Treasury bill yields drop at auction; total tenders swell to P72.22 billion
The National Treasury awarded in full the P10 billion it offered at the auction Tuesday, an amount lower than the usual size after the government issued tokenized treasury bills and disclosed plans to raise USD1 billion from the offer of Sukuk bonds.
