Investors lap up T-bills with longer tenor
INVESTORS lapped up Treasury bills (T-bills) with longer tenors as the Bureau of the Treasury (BTr) rejected all bids for the 91-day tenor bucket during Monday’s auction.
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INVESTORS lapped up Treasury bills (T-bills) with longer tenors as the Bureau of the Treasury (BTr) rejected all bids for the 91-day tenor bucket during Monday’s auction.
THE Bureau of Customs (BOC) has reported that the master plan for the implementation of the fuel marking system in 2019 will be submitted by the end of November, and that it has already drafted the implementing rules and regulations (IRR) together with the Bureau of Internal Revenue (BIR).
THE national government has reported a P38.593-billion debt payment for the month of September, with interest payments outpacing amortization, data from the Bureau of the Treasury (BTr) showed.
THE Bank of the Philippine Islands (BPI) sees the country’s gross domestic product (GDP) for 2019 settling at around 6.5 percent, which can be further boosted if the Bangko Sentral ng Pilipinas (BSP) cuts its reserve requirement ratio (RRR) further.
THE Department of Finance (DOF) has signed a memorandum of understanding (MOU) with the Bank of China that aims to enhance Philippine-Chinese economic relations and bring more renminbi-denominated funding to the Philippines, initially said to reach 6 billion RMB (about P45.465 billion if computed based on today’s exchange rate).
A total P15-billion Treasury bills (T-bills) were awarded at Monday’s auction after monetary authorities again raised interest rates.
BAYANI H. Agabin, Department of Finance (DOF) Undersecretary, said the 13 mining companies ordered closed or suspended can resume their operations if allowed by the Department of Natural Resources (DENR).
THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order (RMO) 49-2018, enabling authorized Revenue Collection Officers (RCO) to accept payments done through the bureau’s one-time transactions (Onetts) or its fast lane.
CARDINAL Santos Medical Center has vowed to further strengthen its service to patients, after being named among the top 10 hospitals by the Department of Health (DOH).
THE Department of Budget and Management (DBM) is studying opportunities offered by a Shariah-compliant financing instrument, or sukuk bonds, to fund the Duterte administration’s “Build, Build, Build” (BBB) program.
THE government is holding off the increase in fuel excise tax of P2 per liter in 2019, as President Duterte has given his go-ahead to the inflation-busting recommendation of economic managers.
CHANGING a light bulb requires three engineers: One to hold the ladder, one to hold the light bulb and the third to interpret the Japanese text. Now, how many Bureau of Customs (BOC) employees would it take to implement Administrative Order (AO) 13?
The Department of Budget and Management (DBM) expressed optimism on Wednesday that the forthcoming visit of Chinese President Xi Jinping to the Philippines this month could hasten the implementation of projects funded by the Chinese official development assistance (ODA).
THE Department of Finance (DOF) has revealed that it will still push for the reinstatement of the lifting of the bank secrecy and exchange of information provision under Package 1B of the Tax Reform for Acceleration and Inclusion (TRAIN) law.
THE country’s tax effort from January to September this year reached 15.2 percent, with the growth attributed mostly to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, the Department of Finance (DOF) has reported.
THE fourth package of the Comprehensive Tax Reform Program (CTRP) of the Duterte administration will deepen capital markets in the country and enlarge avenues for funding the massive infrastructure needs and key private-sector initiatives, a Department of Finance (DOF) official said.
Starting January 1, 2019, contract of service (COS) and job order (JO) workers shall be paid a salary equivalent to the daily wage of comparable positions in the government and a premium of up to 20 percent of the wage.
THE Bureau of the Treasury (BTr) awarded all tenors in the auction on Monday of Treasury bills (T-bills) with a total of P15 billion, as rates for the government security were deemed “broadly steady.”
THE Department of Finance (DOF) is optimistic that the second package of the Comprehensive Tax Reform Program will be passed under the 17th Congress, even though a number of other major bills will have to be passed at the Senate level.
THE Department of Finance (DOF) and the Japan International Cooperation Agency (Jica) signed on Thursday a ¥38.1-billion loan accord for the rehabilitation of the country’s Metro Rail Transit (MRT) 3 Rehabilitation Project.
THE Bureau of Customs (BOC) on Thursday said that it has eased the guidelines in availing of the duty and tax-free privilege of consolidated balikbayan boxes. This, after the previous rules were criticized by the overseas Filipino worker (OFW) community for the tedious requirements in accessing the P150,000 duty and tax-exemption privilege.
MCKINSEY & Company (McKinsey) has reported that the global banking sector would have to strengthen its competitive advantage and follow through on respective strategic choices in order to face challenges to the industry.
THE Department of Finance (DOF) sees the country’s gross domestic product (GDP) growth for the third quarter to hit 6.5 percent, due to growth in expenditures, among others.
THE Bureau of the Treasury (BTr) awarded the full P15 billion on offer for the reissued 10-year Treasury bond (T-bond) placed on auction on Tuesday.
THE Bureau of the Treasury (BTr) has awarded all tenors in its latest auction for Treasury bills (T-bills) with a total of P15 billion, as rates for the security were seen to be at a moderated level.
The October inflation rate likely contracted to 6.5 percent, from the 6.7 percent recorded in September, as food prices have started to stabilize, according to the Department of Finance (DOF).
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