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The government is set to borrow P180 billion from the domestic market through the sale of T-bonds and T-bills in the second quarter, the Bureau of the Treasury (BTr) said yesterday.

 Term deposit continued to fetch higher yield as investors expect the US Federal Reserve to further raise interest rates this year.

The board of directors of the parent firm of Philippine Airlines (PAL) has approved an equity restructuring to remove both existing and additional deficit to be incurred after the acquisition of Zuma Holdings and Management Corp. and  subsidiary Air Philippines.

Columns

It would seem President  Duterte’s diplomatic skills are coming into fruition with the ambassadors of major superpowers US and China going to Davao City to wish him a happy birthday.

Today, we recognize the latest batch of Filipina entrepreneurs who are great examples for the next generation.

It’s summer, and with it comes the scorching heat – and brownouts.

Latest Business News

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.

 Citylink buses plying the Newport City to Eastwood City route and vice-versa are now accepting the beep card as payment for distance-based fare, AF Payments Inc. (AFPI) said.

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