Yields on government debt close flat - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published April 13, 2021, 7:00 AM
The International Monetary Fund (IMF) is urging the Bangko Sentral ng Pilipinas (BSP) to strengthen its bank resolution and crisis management policy beginning with the “too big to fail” banks for early intervention and timely remedial action, making it easier to release emergency liquidity assistance (ELA).
In this file photo taken on April 15, 2020, the seal of the International Monetary Fund (IMF) in Washington, DC.
(Photo by SAUL LOEB / AFP / MANILA BULLETIN)
In its latest “Financial System Stability Assessment” (FSSA), IMF strongly recommended that banking co-regulator, the Philippine Deposit Insurance Corp. (PDIC), should be granted “comprehensive” powers as the banking sector’s “resolution authority.”
The Bureau of Internal Revenue main office in Quezon City. - File photo from Philippine Daily Inquirer
MANILA (Philippine Daily Inquirer/ANN): The Bureau of Internal Revenue (BIR) said that the April 15,2021 deadline for the filing of income tax returns (ITRs) and paying of income taxes stays.
Revenue Memorandum Circular (RMC) No. 46-2021 issued by BIR Commissioner Caesar Dulay on Tuesday (April 6) said that contrary to erroneous reports, “the deadline for filing [2020 annual income tax] return and payment of taxes due thereon is not extended.”
Dulay said the BIR will nonetheless accept tentative annual income tax returns as long as these were filed before or on the day of the mandatory deadline under the Tax Code.
5-year T-bonds fetch 3 375% mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
TOTAL BIDS reach P67.488 billion, more than thrice the offering. BW FILE PHOTO
THE government fully awarded Treasury bills (T-bills) on Monday amid lower demands while yields moved sideways ahead of expected beyond-target inflation.
The Bureau of the Treasury awarded P25 billion in T-bills on Monday as programmed. Total bids reached P67.488 billion, more than thrice the offering but lower than the P79.33 billion in demand a week earlier.
It also opened its tap facility to offer P5 billion in one-year T-bills, National Treasurer Rosalia V. de Leon told reporters in a Viber message.
Broken down, tenders for the three-month papers reached P12.65 billion, beyond the P5-billion program but failing to beat the P22.537 billion in bids last week. The average rate for the 91-day debt papers increased by 2.6 basis points (bps) to 1.295% from 1.269% on March 29.