Home2022September (Page 139)

YIELDS on government securities (GS) rose across the board last week as the US Federal Reserve signaled continued aggressive monetary policy to control inflation.GS yields, which move opposite to prices, at the secondary market rose by an average of 13.58 basis points (bps) week on

MARKET PLAYERS were cautious of PLDT, Inc. last week after its affiliate company’s landmark partnership with former broadcast giant ABS-CBN Corp. was terminated.Data from the Philippine Stock Exchange showed the telecommunications giant trading P686.13 million worth of 409,460 shares from Aug. 30 to Sept. 2,

SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 398.78% year on year to P30.321 billion in July, the Bureau of the Treasury (BTr) reported.Budgetary support to GOCCs also rose 145.95% compared to the June total. Subsidies amounted to P75.01 billion in the first seven