Yields on Treasury bills were mixed at Monday’s auction, as strong investor demand built up over the past two weeks pulled down rates for shorter-dated securities, while longer tenors edged higher despite selective bid rejections, underscoring lingering uncertainty in the market.
The Bureau of the Treasury is set to raise as much as P784 billion in the second quarter through auctions of Treasury bills and bonds, stepping up funding efforts as global risks threaten to complicate the country’s fiscal and monetary outlook.
The Bureau of the Treasury (BTr) partially awarded its Treasury bill (T-bill) offerings on Monday, signaling a cautious stance as yields climbed amid heightened geopolitical tensions in the Middle East.
Average Treasury bill rates slipped at Monday’s auction, coming in below secondary-market levels after the Bangko Sentral ng Pilipinas (BSP) moved to further ease monetary policy.
Clean energy firm First Gen Corporation has organized another leadership summit to help young students gain the knowledge and skills needed to tackle climate and energy challenges in their schools and hometowns.
The World Bank Group has approved a USD268.6-million, or about P15.6-billion, water and sanitation project for the Philippines that is expected to create up to 46,500 jobs over the next 25 years while improving climate resilience in three island provinces.
The Department of Human Settlements and Urban Development (DHSUD) said it will accelerate the government's housing program after delivering or facilitating 575,693 housing units in its first four years, putting the agency halfway toward its recalibrated target under the Marcos administration.
The Philippines’ longest-running grassroots football league opened its latest edition on July 26 at the Dynamic Herb-Borromeo Sports Complex in Talisay City, Cebu. Now spanning Cebu, Batangas, Davao and Tarlac, the tournament has nurtured young Filipino players for over 20 years.