35-day T-bill rate fell to lowest-ever after hefty BSP easing

35-day T-bill rate fell to lowest-ever after hefty BSP easing

MANILA, Philippines — The Bureau of the Treasury on Tuesday sold P15 billion in 35-day T-bills at 1.684 percent, the lowest-ever rate for the short-dated securities revived at the height of the COVID-19 lockdown. Tuesday’s auction generated P62.5 billion in bids, making it over four times oversubscribed. National Treasurer Rosalia V. de Leon attributed the […]
BPI bracing for hefty loan loss provisioning

BPI bracing for hefty loan loss provisioning

BPI’s press briefing on April 23, 2020 in virtual format As businesses and consumers grapple with the unprecedented COVID-19 pandemic, Ayala-led Bank of the Philippine Islands (BPI) is bracing for a hefty increase in 2020 expenses on loan loss provisioning that could...