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BTr Rejects Bids for 7-year T-bond

MANILA — The Bureau of the Treasury’s (BTr) auction committee rejected all bids for the seven-year Treasury bond Tuesday due to lower demand as banks asked for high yields. BTr offered the debt paper for PHP20 billion but tenders only reached PHP4.39 billion. National Treasurer Rosalia De Leon told reporters …

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LRT operation, maintenance bids delayed to Jan.

THE TRANSPORTATION department postponed to next year the bid submission for the public-private partnership (PPP) deal to operate and maintain the Light Rail Transit (LRT) Line 2, which was scheduled this month, after prospective bidders asked for more time. SC asked to stop LRT-1 privatization and extension S.Korean firm’s Davao …

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