Day: April 8, 2025

Manila: The Bureau of the Treasury (BTr) fully awarded on Tuesday the reissued seven-year Treasury bond (T-bond). With a remaining term of six years and three months, the reissued T-bond fetched an average yield of 5.986 percent, lower than the 6.143 percent when it was last reissued on March 11, 2025. According to Philippines News Agency, Rizal Commercial Banking Corporation chief economist Michael Ricafort said the T-bond’s average auction yield eased after the latest inflation fell to 1.8 percent in March, increasing further the odds of a Bangko Sentral ng Pilipinas (BSP) rate cut. “The 7-year T-bond auction yield also

Bacolod: Some local government units (LGUs) in Negros Occidental urged residents to wear masks and declared the suspension of classes as ashfall hit various areas after another explosive eruption of Mt. Kanlaon on Tuesday morning. According to Philippines News Agency, the explosive eruption started at 5:51 a.m. and lasted for 56 minutes, as reported by the Philippine Institute of Volcanology and Seismology. This eruption occurred four months after a similar event on Dec. 9, which affected thousands of residents in central and southern Negros. Approximately 5,600 individuals remain in evacuation centers with Alert Level 3 still in effect over the

Palo: The Roman Catholic Archdiocese of Palo has urged the public to focus on their spiritual journey with Christ rather than planning vacations during this Lenten season, particularly as the Church prepares to mark 2025 as a Jubilee Year. According to Philippines News Agency, the Jubilee Year is a significant event celebrated by the Church every 25 years, and Pope Francis has themed the 2025 celebration as “Pilgrims of Hope.” In the Catholic tradition, a Jubilee or Holy Year is a time for forgiveness and reconciliation, encouraging individuals to restore their relationship with God, one another, and the broader creation.

Manila: Clark Freeport Zone Government-owned and controlled corporations Philippine Pharma Procurement, Inc. (PPPI) and Clark International Airport Corp. (CIAC) are looking for investors for their joint project, a pharmaceutical logistics and distribution center in the Clark Freeport Zone. According to Philippines News Agency, PPPI President Maria Bianca Kim Lokin announced that the development of the pharmaceutical hub will require an initial investment of approximately PHP2 billion. She emphasized the project’s scale, stating, “PPPI Pharma Hub will need an initial investment of about USD35.25 million (PHP2 billion) for development. Total area being earmarked is 15 hectares, with an initial development for

Manila: President Ferdinand R. Marcos Jr. is still studying the proposal to grant Filipino citizenship to Chinese entrepreneur Li Duan Wang, Malaca±ang said on Tuesday. Presidential Communications Office Undersecretary and Palace Press Officer Claire Castro said Marcos still has three days to consider the proposal. ‘Sa ngayon po ay pinag-aaralan ng Pangulo ang patungkol dito sa legislative naturalization ni Li Duan Wang (The President is currently studying the legislative naturalization of Li Duan Wang),’ Castro told Palace reporters. ‘Hintayin po natin ang magiging desisyon ng Pangulo (Let’s wait for the President’s decision),’ he added. According to Philippines News Agency, Wang,