TDF rates decline this week

MANILA – Rate of the Bangko Sentral ng Pilipinas’ (BSP) term facilities fell across-the-board Wednesday due to oversubscription. Data released by the central bank showed that rate of the seven-day facility dropped to 4.0301 percent from 4.0851 percent during the auction last January 15. The central bank offered this tenor for PHP80 billion this week, higher … Read More

Peso, stocks recover

MANILA — The Philippine peso trekked back to the 50-level against the US dollar Wednesday after the country again successfully issued Euro-denominated bond, while the Philippine Stock Exchange index (PSEi) recovered even amid concerns on the latest coronavirus strain from China. The local currency ended the day’s trade at 50.91 from 51.015 a day ago, which … Read More

Phivolcs insists on total evacuation from Taal’s danger zone

MANILA — A week after Taal Volcano’s eruption, Philippine Institute of Volcanology and Seismology (Phivolcs) director Renato Solidum Jr. on Monday reminded that total evacuation is necessary in the identified “danger zone”, as the volcano remains on Alert Level 4 (hazardous explosive eruption is possible within hours to days). “Just a reminder that total evacuation is advised … Read More