Philippines sells $611 million in RDBs

By Aaron Michael C. Sy | BusinessWorld September 28, 2023 THE PHILIPPINE government on Wednesday raised $611.2 million (P34.8 billion) at an auction of its second onshore retail dollar bonds (RDBs). Tenders at the rate-setting auction hit $636.2 million, slightly...

TDF yields drop on hawkish Fed, BSP bets

By AMCS with Reuters | BusinessWorld September 28, 2023 YIELDS on the central bank’s term deposits went down on Wednesday amid hawkish signals from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. The term deposit facility (TDF) of the BSP fetched...

CREC to boost Clark power supply

By Richmond Mercurio | The Philippine Star September 28, 2023 MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) is set to boost the power needs of Clark as it enters into a partnership with Clark Electric Distribution Corp. (CEDC). CEDC, through its...