THE Land Bank of the Philippines (Landbank) has delivered P1.1 billion worth of fuel subsidies to 190,130 public utility vehicle (PUV) drivers and operators as of Nov. 9, 2023, as part of its continued support to the transport sector amid rising fuel prices.
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
MANILA - Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno is optimistic that the central bank's bid to further increase electronic payment transactions in the country despite the internet connectivity issue can be boosted by a payment system using the quick response (QR) code. During the virtual launch of the QR PH P2M program on Tuesday, Diokno said the QR PH for person-to-merchant (P2M) uses QR codes for financial transactions. "To receive payments merchants only need to print QR codes, which the respective payments service provider will generate for them, display those codes, and obtain payments by simply asking their customers to scan the code without necessarily getting connected to the internet. Confirmation of successful payments transactions may also be received by both the merchants and the customers," he said during the briefing streamed through the central bank's Facebook page. Electronic payments, which got a boost when the government-imposed mov