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T-bond rates up slightly
The government borrowed P30 billion from the domestic debt market at a slightly higher rates ahead of the policy decision of the US Federal Reserve......»»
Third retail bond issue eyed in Q1
The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
BPI raises $400 million from offshore debt market
Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»
Soldier s mysterious death in Pagadian City raises concerns
Police investigators are still trying to make sense of how a soldier returning to their camp from somewhere mysteriously died along a highway in Barangay Baloybuan in Pagadian City, his body and motorcycle found about three meters apart along the route early Monday......»»
Treasury raises P60 billion from T-bonds in February
The government raised P60 billion in long-term securities this month, short of target, as the Bureau of the Treasury focused on the retail treasury bonds......»»
Treasury raises P120 billion from T-bonds
The government raised the entire program of P120 billion in long-term securities this month amid the downtrend in investor asking rates......»»
House committee raises doubts about US Navy’s Indo-Pacific logistics
The US embassy in the Philippines said on January 11 that the US delivered fuel from Hawaii to Subic Bay, a former US Navy base that is not currently one of the sites Manila has agreed to give US military access.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
EDC’s P10 billion Asean green bonds get SEC greenlight
Energy Development Corp. has obtained the green light from the Securities and Exchange Commission to raise as much as P10 billion via the issuance of ASEAN green bonds......»»
BI backs DFA on stricter visa controls for Chinese
The Bureau of Immigration (BI) supports the Department of Foreign Affairs (DFA)’s plan to implement stricter rules for the issuance of tourist visas to Chinese nationals......»»
NEDA pushes for EO to strengthen RDCs’ role
The National Economic and Development Authority is pushing for the issuance of an executive order aimed at strengthening the role of Regional Development Councils as part of efforts to achieve inclusive growth and development......»»
RTB issue hikes borrowings to P420 billion in February
The government borrowed 22 percent more in February primarily due to the issuance of Retail Treasury Bonds aimed at financing state projects......»»
Duterte disapproves preventive suspension order vs Jubahib
FORMER President Rodrigo R. Duterte (FPRRD) expressed his disapproval of the issuance of a preventive suspension order against Davao del Norte Governor Edwin Jubahib......»»
Marcos tightens protocol plate issuance to curb misuse
President Ferdinand Marcos Jr. has issued an order regulating the granting of protocol license plates to government officials following concerns about the increasing prevalence of low-numbered plates......»»
Jollibee eyes P8 billion share sale this year
Asian food conglomerate Jollibee Foods Corp. plans to push through this year with its P8-billion fundraising through the issuance of preferred shares, proceeds of which will be used to refinance financial obligations and support expansion in the coming years......»»
Jollibee eyes P8 billion share sale this year
Asian food conglomerate Jollibee Foods Corp. plans to push through this year with its P8-billion fundraising through the issuance of preferred shares, proceeds of which will be used to refinance financial obligations and support expansion in the coming years......»»
NPC issues new orders on data protection
The National Privacy Commission has issued guidelines creating a system that will govern the issuance of the Philippine Privacy Mark certificates on public and private organizations and companies that handle and control personal data of Filipino subjects......»»
OSG misses Castro, Tamano preliminary conference due to sheer number of documents
The Office of the Solicitor General, who assigned 30 lawyers in the first hearing before the Court of Appeals, were unable to attend the preliminary conference for the issuance of the protection writs for environmental activists Jhed Tamano and Jonila Castro......»»
LTO may resume delivery of driver’s license this month
With the expected delivery of plastic cards in the coming days, the Land Transportation Office is looking to resume the issuance of driver’s licenses this month......»»