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91-day treasury bill yield falls from 4.961% to 4.863%
Yields on treasury bills declined at a weekly auction yesterday, driven down by excess liquidity in the financial system.
Locals invested P137 billion in 2005
Local investors continue to be the major source of investments during the year with committed investments worth P137.07 billion or 59 percent of total investments while foreign investors account for P93.97 billion or 41 percent of total investments).
Thrift banks back SPV Law extension
The Chamber of Thrift Bank (CTB) is supportive of the extension in the tax incentives and other privileges granted to banks and other financial institutions for the dispositions of their non-performing assets (NPAs) at the discount under Special Purpose Vehicle (SPV) law.
Banks’ NPL ratio lowest in 7 years
The commercial banks’ non-performing loans’ ratio fell to its lowest level in seven-and-a-half years in November as loans grew and loan quality improved, the Bangko Sentral ng Pilipinas said yesterday.
Donors to raise B to fight bird flu
BEIJING (AP) — Countries around the world are expected to pledge at least US billion to help their poorer counterparts tackle bird flu and prepare for a potential pandemic in humans, a World Bank official said Monday.
News In Brief
P/$ rate closes at P52.58 to
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