Tag: interest rates

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US Fed holds rates, awaits impact of policy changes

Top News Context.ph Context.ph -
The US Federal Reserve decided on Wednesday to keep its benchmark interest rates unchanged, as it awaits new developments that could reshape the economic outlook and inflation trajectory.

Strong demand drives down T-bill rates

Banking & Insurance Context.ph Context.ph -
Strong demand for Treasury bills (T-bills) at Monday’s auction led to a drop in average rates for shorter-dated securities while keeping the yield on one-year paper stable. The Bureau of the Treasury received tenders worth ₱90.6 billion for the ₱22 billion in bills offered, a sign of robust investor appetite.

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Meralco launches bidding for 600 MW baseload power supply

Energy & Mining 0
The Manila Electric Company (Meralco) has kicked off the Competitive Selection Process (CSP) to secure 600 megawatts (MW) of baseload capacity, aiming to guarantee sufficient and reliable power supply for its customers. The move follows the Department of Energy’s (DOE) issuance of a Certificate of Conformity after more than a year of review, and forms part of Meralco’s latest DOE-approved Power Supply Procurement Plan.

BDO advances financial empowerment for OFWs amid Migrant Workers’ Day observance

Social Responsibility & Sustainability 0
Leading Philippine financial institution BDO Unibank, together with its digital remittance partner Xoom, has extended support to overseas Filipino workers (OFWs) as the country commemorates Migrant Workers’ Day.

LGUs to receive record ₱1.19T funding

Economy 0
Local government units (LGUs) across the Philippines are set to receive a record P1.19 trillion in National Tax Allotments (NTA) in 2027, marking a P129.32-billion increase from the previous year and significantly boosting fiscal capacity for provinces, cities, municipalities, and barangays.

PhilWeb secures AI push via Gokongwei deal 

Communications & Technology 0
PhilWeb Corp. has secured a P2.02-billion strategic equity investment from businessman Lance Y. Gokongwei, marking a major capital boost that will accelerate its shift toward becoming an artificial intelligence-enabled technology infrastructure provider for the regulated digital entertainment sector.

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