Manila

Probe on fertilizer scam sought

An umbrella group of agriculture stakeholders have appealed to the Senate agriculture committee to immediately investigate the allegedly overpriced fertilizer supply contracts that are part of a P5.69 billion emergency procurement to help farmers weather the impact of the COVID-19 pandemic. Samahang Industriya ng Agrikultura chairman Rosendo So said a probe on what he described as a fertilizer fund mess ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Treasury raises P24 billion from T-bills on strong market demand

THE GOVERNMENT upsized its award of Treasury bills (T-bills) on Monday due to strong demand following central bank’s remarks on further monetary easing and the Treasury’s announcement of a dollar bond issue. The Bureau of the Treasury (BTr) raised P24 billion via T-bills yesterday, larger than its initial plan to raise P20 billion, after total bids reached P91.1 billion or ...

Read More »