PHL eyes up to $2.5B from dollar bonds
THE GOVERNMENT is looking to raise between $2 billion and $2.5 billion from an offering of US dollar-denominated global bonds, Finance Secretary Ralph G. Recto said in a text message on Wednesday.
Philippines wants more liquidity in bonds to lure global funds
The Philippines is looking to improve liquidity in its domestic government bond market, according to a top official, to make its debt more attractive...
DA won’t recommend hike on rice tariffs yet
THE DEPARTMENT of Agriculture said that it would not yet recommend raising tariffs on imported rice since retail prices have not gone down.
New digital bank applicants must hurdle ‘stricter’ criteria — BSP
NEW DIGITAL BANKS applying for a license must adhere to tighter standards on financial inclusion, a Bangko Sentral ng Pilipinas (BSP) official said, adding that there is a possibility that not all four new licenses would be granted immediately.
Salceda says House won’t adopt Senate’s CREATE MORE bill
THE HOUSE of Representatives would not adopt the Senate’s version of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) bill because it is “too flawed,” Ways and Means Committee Chairman and Albay Rep. Jose Maria Clemente “Joey” S. Salceda said.
Gov’t raises $2.5B from global bonds
THE GOVERNMENT has raised $2.5 billion from its sale of triple-tranche US dollar-denominated global bonds, its second foray into the international debt market this...
Philippines central bank sees August inflation at 3.2% to 4%
MANILA - Philippine inflation was likely to be within a 3.2% to 4.0% range in August, compared with an annual inflation rate of 4.4%...
Assets of Philippines’ biggest banks rose by 11% in Q2
THE COMBINED ASSETS of the Philippines’ biggest banks rose in the second quarter amid faster economic growth.
Hot money net inflows jump to $1.38B in July
MORE FOREIGN PORTFOLIO investments entered the country than left in July, reflecting higher investments in government securities, data from the Bangko Sentral ng Pilipinas...
Bank lending growth hits 19-month high in July
BANK LENDING grew at its fastest pace in 19 months in July, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Inflation likely eased to 3.7% in Aug.
HEADLINE INFLATION likely eased in August and returned to within the central bank’s 2-4% target band amid a drop in prices of rice and fuel, analysts said.
Regulator eyes collection of green energy auction allowance
THE ENERGY Regulatory Commission (ERC) is looking at collecting a green energy auction allowance (GEA-All) from on-grid consumers once the awarded renewable energy (RE) projects start supplying power to the grid.