The Bureau of Treasury rejected all bids during yesterday’s fortnightly Treasury bill auction to prevent yields from rising sharply.
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Food and beverage giant San Miguel Corp. (SMC) needs as much as 555,000 hectares to fill up its cassava import requirements coming from Vietnam, Thailand, and Indonesia which will require investments of P2.775 billion.
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Morgan Stanley Capital International (MSCI), a leading provider of global indices and benchmark related products, will soon include the Philippines in its roster of equity indices on a real-time basis.
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The Philippines is competing against India and South Africa for the huge promotion as business process outsourcing (BPO) hub for European companies.
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The peso rate closed lower at P54.48 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P54.195 last Wednesday. The weighted average rate depreciated to P54.393 from P54.189. Total volume amounted to $293.1 million.
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