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As expected, monetary authorities decided yesterday to keep interest rates steady despite the second rate hike by the US Federal Reserve in three months last week.

The local equities market recovered yesterday on the back of bargain hunting, analysts said.

Metropolitan Bank & Trust Co. (Metrobank) is set to raise as much as $2 billion under a medium term note program to beef up its working capital.


With all due respect, I find it necessary to add my voice to those who have expressed deep concern about your recent pronouncement characterizing the alarm raised by many about China’s brazen incursion in Benham Rise as “nitpicking”.

For those of us who have lived here long enough, we are likely to just shrug off impeachment demands as mere political  “bodabil”.

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 Property giant Ayala Land Inc. plans to issue 10-year fixed-rate bonds amounting to P7 billion.

Six companies have expressed interest in the privatization of the decommissioned 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City, the Power Sector Assets and Liabilities Management Corp. (PSALM) said.

  The government posted a budget surplus of P2.2 billion in January as growth in revenue collection outpaced spending, the Bureau of the Treasury (BTr) reported yesterday.

 The government will sell P30 billion in three-year retail treasury bonds (RTB) to the general investing public next week, the Bureau of the Treasury (BTr) announced yesterday.

Aboitiz Power Corp. is raising up to P30 billion through the issuance of fixed-rate retail bonds within the year to finance ongoing and future projects.

Energy Logics Philippines is looking to boost supply in the Luzon grid by year-end as it starts the construction of its 232-megawatt (MW) wind and solar project in Ilocos Norte.

DM Consunji Inc. has bagged P9 billion worth of infrastructure projects comprising tollway, power and water from public and private proponents.

 State-run National Food Authority (NFA) is calling for the immediate importation of 250,000 metric tons (MT) of rice that will serve as the country’s buffer stock despite the non-approval of the NFA Council.

MANILA, Philippines -  As more government-to-government financing options become available for local infrastructure projects, the Investment Coordination Committee (ICC) of the National Economic and Development Authority (NEDA) has shifted the financing mode for three major infrastructure projects to official development assistance (ODA).

STI Education Services Group Inc. is set to build nine more campuses, using funds raised from its P3 billion bond issuance.


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