Gov’t partially awards Treasury bills at higher rates
THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday, borrowing via the one-year paper for the first time since early last month even as investors asked for higher rates amid expectations of rate hikes here and abroad and an above 5% inflation print in May.
DMCI Homes turns over Prisma Residences units
UNITS at the first tower of Prisma Residences are now being turned over to homebuyers, DMCI Homes said.
FSCC releases systemic risk crisis management framework
THE BANGKO SENTRAL ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC) introduced a framework to identify and manage risks in the financial system through a structured monitoring and evaluation process.
Robinsons Land unit names GM for 5-star hotel
ROBINSONS Hotels and Resorts (RHR) named the general manager (GM) for its new five-star hotel.
Local shares down on inflation, rate hike fears
STOCKS dropped on Monday amid rising oil prices, which could cause inflation to spike further and cause the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) to hike rates further.
Peso ends unchanged vs the dollar
THE PESO ended flat against the dollar on Monday on concerns over further rate hikes here and abroad amid upbeat US employment data and expectations of higher Philippine inflation last month.
ADB: Property taxes, valuation key to bolstering gov’t revenue
PROPERTY TAXES should be a key area of focus for developing economies in Southeast Asia seeking to raise government revenue after the pandemic, the Asian Development Bank (ADB) said.
Leading union says wage hikes already wiped out by surging fuel prices
THE Trade Union Congress of the Philippines (TUCP) said on Monday that the impact of recent hikes in the minimum wage has been offset by higher fuel prices, keeping workers below the poverty line.
E-commerce companies urged to cut back on plastic packaging
PLASTIC WASTE generated by electronic commerce (e-commerce) transactions is beyond the capacity of local governments to deal with the additional solid waste, EcoWaste Coalition said.
US envoy to meet with Marcos during Asian visit
A HIGH-RANKING diplomat from the US will meet with senior members of the incoming and outgoing administrations to discuss the alliance between the two countries.
Marcos party says he spent P272M for 2022 campaign
PRESIDENT-ELECT Ferdinand R. Marcos, Jr.’s party spent P272 million for his presidential campaign, well below the ceiling, the party’s lawyer said in a statement on Monday.
Anti-graft court rejects pleas to junk ‘pork’ case
THE PHILIPPINES’ anti-graft court has rejected several pleas seeking to dismiss corruption charges against the so-called pork barrel queen scam and her accomplices.