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 […]
MANILA, Philippines — Treasury bill rates fell below 2 percent on Monday following the Bangko Sentral ng Pilipinas’ (BSP) surprise and hefty interest rate cut last week that sent a surge of investors interested to buy government securities amid flushing liquidity. The...
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...
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