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BTr raises P15 billion from T-bills

The Bureau of Treasury (BTr) on Monday fully awarded bids for Treasury bills (T-bills). The 91-, 182-, and 364-day T-bills fetched average rates of 5.783 percent, 5.879 percent, and 5.948 percent, respectively. These were at 5.777 percent, 5.898 perce…

DBP net income jumps 17% year-on-year to P1.23-B

State-owned Development Bank of the Philippines’ (DBP) net income rose 17 percent to hit PHP1.23 billion in the first three months of 2023, compared to the PHP1.05 billion posted during the same period last year.Higher interest income from expanded le…