Finance

Treasury bureau rejects bids for 10-year T-bond

MANILA -- The Bureau of Treasury’s (BTr) auction committee on Tuesday rejected all bids for the 10-year Treasury bond due to undersubscription and demand for high yields. It offered the debt paper for...

Additional funding for maternity leaves needed

MANILA -- Social Security System (SSS) President and Chief Executive Officer Emmanuel Dooc is hoping that before the extended maternity leave bill is fully enacted, legislators will likewise allow the increase in...

Financing options for infra program being explored: Dominguez

BEIJING -- Finance Secretary Carlos Dominguez III has welcomed a proposal by the Asian Infrastructure Investment Bank (AIIB) to explore the possibility of local currency financing and a variable spread facility in...

Dominguez says hefty investments fueling PH’s rapid growth

MANILA -- Finance Secretary Carlos Dominguez III said in a statement on Tuesday that the Philippines continues to be among the best performing economies in Asia, on the strength of higher foreign...

Fixed exchange rate dangerous for PH: Espenilla

MANILA -- Some people have questioned the market-determined exchange rate policy of the Bangko Sentral ng Pilipinas (BSP), especially now that the local unit has been posting weakness against the US dollar. However,...

Asian currencies slip on trade fears as authorities try to avert crisis

TAIPEI — Many of Asia's currencies are losing value against the U.S. dollar this year as China and the United States fight over trade, but analysts say policymakers are handling the dip...

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