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.
Power industry leaders have warned of inadequate power supply next year, saying there is barely enough for the country' requirements given no new power plants coming online anytime soon.
The Philippines, one of Asia's most active sovereign debt issuers, has launched its maiden sukuk bonds issue, according to a government announcement on Monday, mandating banks involved to arrange the sale.
The Department of Transportation on Friday said the North-South Commuter Railway (NSCR) and South Long Haul (SLH) rail are game-changing projects seen reviving the country's rail industry.
The Cybercrime Investigation and Coordinating Center on Thursday warned the public to be extra careful when doing their Christmas shopping online, with the scam rate done through the Internet the highest in the Philippines among 11 Asian countries.
Filipino consumers are tightening their belts and reading the fine print as financial strain pushes them toward more cautious, calculated, and emotionally driven spending, according to Germaine Reyes, chief executive of Synergy Market Research + Strategic Consultancy.
The Department of Agriculture (DA) has signed two separate agreements aimed at modernizing the farm sector, increasing farmers’ incomes, and improving food security.
PHINMA Corp. has promoted three senior officials to vice president positions as part of efforts to strengthen its leadership team and support business growth.