General

Manila: The Bureau of the Treasury (BTr) announced a successful reissuance of the 10-year Treasury bond (T-bond), highlighting substantial investor interest. The BTr fully awarded bids for the reissued T-bond during the auction held today. According to Philippines News Agency, the reissued T-bond, which now has a remaining term of nine years and 11 months, achieved an average yield of 6.226 percent. This yield is lower than the original 6.375 percent coupon rate when the bond was first issued last month and also below the current secondary market yield for the security. The auction saw significant participation, being oversubscribed by

Cagayan de Oro: The month-long Exercise “Kasangga” 2025-1 between Filipino and Australian military forces officially kicked off on Monday. In a statement Tuesday, Philippine Army (PA) spokesperson Col. Louie Dema-ala said the drills started at Camp Edilberto Evangelista, Patag, Cagayan de Oro City on Monday, marking the first holding of the drills in Mindanao. According to Philippines News Agency, the Philippine Army-Australian Army Exercise (PAAAE) ‘Kasangga’ 2025-1 brings together three platoons from the PA’s 4th and 10th Infantry Divisions and the Combat Engineer Regiment and their training counterparts from the Australian Army. Participating troops will train from May 19 to

Tacloban: The Regional Development Council (RDC) in Eastern Visayas is actively pursuing the release of PHP500 million in calamity funds to address the urgent repair needs of San Juanico Bridge, a crucial infrastructure connecting the three major island groups of the Philippines. According to Philippines News Agency, RDC Vice Chair Meylene Rosales, who also serves as the regional director of the Department of Economy, Planning, and Development, announced that the Council passed a resolution at a recent meeting aimed at expediting the release of disaster risk reduction and management (DRRM) funds. Rosales emphasized the urgency of the situation, stating, “We

Manila: The Supreme Court (SC) has partially lifted the restraining order it issued in 2022 against the implementation of the no-contact apprehension policy (NCAP) of the Metropolitan Manila Development Authority (MMDA): The Supreme Court (SC) has taken a significant step by partially lifting the temporary restraining order (TRO) it imposed on the no-contact apprehension policy (NCAP) in major thoroughfares. This decision comes in response to an urgent motion filed by the Office of the Solicitor General on behalf of the MMDA. According to Philippines News Agency, the SC spokesperson Camille Ting stated that the TRO lifting applies only to the

Manila: The Department of Migrant Workers (DMW) advised overseas Filipino workers (OFWs) and their families to stay vigilant amid an uptick in Covid-19 cases in some parts of Southeast Asia. Migrant Workers Secretary Hans Leo Cacdac on Tuesday reminded OFWs to keep following health and safety protocols issued by their host countries. According to Philippines News Agency, a health advisory was issued by the DMW on Monday, following a Department of Health (DOH) update that Covid-19 cases are rising in several Southeast Asian nations, like Singapore, Thailand, and Hong Kong. He said the move is aligned with President Ferdinand R.