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Category: Business

Gov’t lists 2nd retail dollar bond

The Bureau of the Treasury (BTr) on Wednesday formally listed on the Philippine Dealing and Exchange Board, the second Retail Onshore Dollar Bonds (RDB 2). The BTr said the USD1.26 billion, 5.5-year-issued RDB 2 has a coupon rate of 5.75 percent per a…

Australian ‘deal teams’ to bring investments to Southeast Asia

The Australian government’s plan to establish investment deal teams in Southeast Asia is a “revolutionary” move. Senior Trade and Investment Commissioner Christopher Lim of the Australian Embassy in Manila said their government generally encourages ov…

Balisacan: Further rate hike to hurt economy

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said further raising interest rates will hurt the Philippine economy.”If I were in the Monetary Board, I would say no [to policy rate hike]. Because we have been the most a…