Philippines

TDF bids exceeds P328.68 billion

The 7-day term deposit facility (TDF) auction attracted bigger tenders this week of P328.68 billion while the average yield fell to 2.2510 percent versus the previous week’s 2.2516 percent. The Bangko Sentral ng Pilipinas (BSP) offered P170 billion TDF this week – still a lone tenor – compared to P150 billion last May 27. BSP Governor Benjamin E. Diokno has ...

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Government raises P26 billion as investors find safe haven in Treasury bills

Bureau of Treasury building in Intramuros The Bureau of Treasury awarded P26 billion in Treasury bills (T-bills), which still enjoyed overwhelming response from investors looking for a safe haven for their cash. Monday’s auction was oversubscribed by more than four times the initial P20-billion offering as tenders reached P83.995 billion. With the acceptance of more non-competitive bids for the 91-day ...

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BTr awards T-bills across-the-board due to high demand

MANILA – Demand for government securities continues, resulting in the doubling of the award for non-competitive bids for the Philippines’ 91-day and 364-day Treasury bill (T-bill) Monday.  The average rate of the three-month paper declined to 2.046 percent, the 182-day to 2.118 percent, and the one-year to 2.42 percent.  These were at 2.058 percent, 2.114 percent, and 2.508 percent during the ...

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Cebu Pacific Seeks To Sell Its Airbus A320ceo Fleet For Leaseback

Philippine budget airline Cebu Pacific is reportedly seeking sale-and-leaseback arrangements for its entire owned A320ceo fleet, sources confirmed Monday. It is considered a liquidity exercise, but also a strategic calculation to match deliveries with redeliveries so as not to increase the fleet’s size during the COVID-crisis. Cebu Pacific wants to sell 17 A320ceo aircraft for leaseback.  Sale-and-leaseback of 17 A320ceo ...

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Philippines to invite new bids for $19.6bn state asset & infrastructure reinsurance

The government of the Philippines will go back to the global reinsurance market to invite fresh bids to provide the capacity to underpin its roughly US $19.6 billion insurance of state-owned assets and infrastructure, with the application process now simplified somewhat.Last December we reported the Philippines government had entered into a 1 trillion pesos insurance cover with its own Government Service ...

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PH makes it easier for reinsurers to bid for insurance of public assets in disaster-prone areas

The Philippines will invite reinsurers for the re-bidding of the planned P2-billion national indemnity insurance program to insure and protect public assets in disaster-prone areas, this time with less stringent documentary requirements. In Resolution No. 10-2020, the interagency Government Procurement Policy Board (GPPB) said it this month amended the bidding documents for procurement of international brokers and reinsurers for the ...

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How does operating leverage affect stock returns?

In investing, there are two types of risks that any investor must always be aware of, the business risk and the market risk. The business risk pertains to the uncertainty that a company may not be able to generate enough revenue to cover its expenses, while market risk relates to the possibility that the company may incur losses as a ...

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Gov’t agencies told to review planned procurement for this year

THE Government Procurement Policy Board (GPPB) told procuring entities (PEs) to review their planned and ongoing procurement for this year to determine which will be discontinued following the orders to tighten their belts issued by the Budget department earlier. “For those to be continued, PEs shall review the existing project requirements to ensure that the same cover only what they ...

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In government we trust

WE have reached this point of collective paralysis where everything seems to depend on government. Outside of health organizations (whose capacity has been pushed to the limit by the coronavirus pandemic) where private healthcare facilities have equally shared the burden of caring for the sick, people have come to look at government for solutions like they never did before. As ...

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Philippines bids farewell to satellite that launched enviro policy into the space age

Diwata-1, the Philippines’ first microsatellite, has ended its four years in Earth orbit, burning up in the atmosphere on April 6.The microsatellite captured more than 17,000 images of the Philippines, covering 38% of the country’s land area.Diwata-1 ushered in an age of Earth satellite observation in the Philippines, contributing to science-based approaches to planning, conservation, risk management, and mapping.Scientists involved ...

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BTr saw ‘overflowing demand’ for short-term government securities

Monday’s auction of Treasury bills (T-bills) reflects the continuous allure of government securities during the Covid-19 pandemic. The Bureau of the Treasury (BTr) upsized again the volume of T-bills it awarded to P22 billion from its P20-billion initial offering. National Treasurer Rosalia V. De Leon told reporters on Monday the Treasury decided to go for the full award as “average ...

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