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Day: August 11, 2025

BTr Fully Awards T-Bills in Oversubscribed Auction

Manila: The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) during Monday’s auction. The 91-, 182-, and 364-day T-bills achieved average rates of 5.287 percent, 5.506 percent, and 5.612 percent, respectively. These rates are lower than those from the previous auction and the prevailing secondary market rates. According to Philippines News Agency, last week’s auction saw average rates of 5.318 percent for the 91-day, 5.535 percent for the 182-day, and 5.637 percent for the 364-day T-bills. Rizal Commercial Banking Corporation’s chief economist, Michael Ricafort, noted that the average auction yields for Treasury bills have been slightly

PSEi Slips Amid Selling Pressure, Peso Stays Steady Against Dollar

Manila: A wait-and-see stance following the rebalancing of the Philippine Stock Exchange index (PSEi) resulted in selling pressure and the negative close of the main index on Monday, but the peso ended sideways against the US dollar. The main equities index shed 1.34 percent to 6,254.36 points, and the broader All Shares by 0.85 percent to 3,735.25 points. According to Philippines News Agency, most of the sectoral counters also finished in negative territory, with the highest decline registered by Financials at 2.31 percent. It was followed by Property, 1.97 percent; Industrial, 0.92 percent; Holding Firms, 0.85 percent; and Mining and

Japanese Soccer Legend Kunishige Kamamoto Dies at 81

Osaka: Kunishige Kamamoto, widely regarded as the greatest striker in Japanese soccer history, passed away from pneumonia at a hospital in Osaka Prefecture, western Japan. He was 81. According to Philippines News Agency, Kamamoto made a significant mark at the 1968 Mexico Olympics by scoring seven goals, which propelled the Japanese national soccer team to secure their first Olympic bronze medal. Born in Kyoto Prefecture, Kamamoto began his soccer journey in elementary school and continued to develop his skills through high school and university. After graduating from Yamashiro High School in Kyoto, Kamamoto attended Waseda University in Tokyo, where he