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USAID and PBEd boost tech-voc training program with P228-M additional investment

AN additional $3.8 million or P228 million will be invested by the US government through YouthWorks PH, a private sector-driven employability partnership between the United States Agency for International Development (USAID) and the Philippine Business for Education (PBEd), to provide free skills-based and work-based training to unemployed and out-of-school Filipino…

5 5-year retail bonds fetch 5 75% rate

RETAIL INVESTMENTS. The Bureau of the Treasury (BTr) on Tuesday (Aug. 23, 2022) started the two-week offering of the 5.5-year retail treasury bond (RTB), which fetched a rate of 5.579 percent. National Treasurer Rosalia de Leon is optimistic about the strong demand for the debt paper given the volume of bids during the rate-setting auction. (Photo from BTr Facebook page) MANILA - The coupon rate of the 5.5-year retail treasury bond (RTB) that the Bureau of the Treasury (BTr) will issue for two weeks starting Tuesday stands at 5.75 percent. Its average rate was 5.579 percent, higher than the 4.564 percent the same tenor fetched previously. The BTr offered the debt paper for PHP30 billion and the auction committee awarded PHP162.721 billion. Total bids were more than seven times after it reached PHP225.32 billion. National Treasurer Rosalia de Leon is optimistic of the continued strong demand for the Marcos administration's first RTB issuance. "Auction results already showed str

Rundown: Financial institutions joining BSP s new person-to-merchant payment facility

Large banking institutions have adopted the uniform digital payment facility that the Bangko Sentral ng Pilipinas launched last October. The BSP issued

Bankruptcy court allows PAL to draw from $505-M financing

Bankruptcy court allows PAL to draw from $505-M financing
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