BTr borrows PHP 25B via T-bills in oversubscribed auction
On Monday, April 21, 2025, the Bureau of the Treasury (BTr) borrowed PHP 25 billion through short-dated T-bills in a mixed auction.
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Michael Ricafort
Michael Ricafort is the chief economist at Rizal Commercial Banking Corporation and a prominent financial analyst in the Philippines, known for his insights on economic trends and market conditions. He frequently comments on key indicators such as interest rates, loan demand, and employment data, providing context to the growth of the Philippine financial system and other economic sectors. Ricafort's recent analyses highlight favorable demographics and lower borrowing costs as driving forces behind various economic improvements in the country.
This is an AI-generated summary based on recent coverage.
Last updated at April 26, 2025.
Recent stories about Michael Ricafort
Financial system grows by over seven pct to ₱33.61T
As of February 2025, the Philippine financial system's total resources expanded to ₱33.61 trillion, marking a growth of over seven percent compared to ₱31.33 trillion in 2024.
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BTr reissues seven-year bond with lower yield
On Tuesday, the Bureau of the Treasury (BTr) fully awarded a reissued seven-year Treasury bond with an average yield of 5.986 percent, which is lower than its previous yield of 6.143 percent when it was last issued on March 11, 2025.
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Phil stocks fall after US tariff announcement
The Philippine stock market continued its decline on Friday following US President Donald Trump's announcement of new reciprocal tariffs, with the PSEi closing at 6,084.19 after a loss of 61.54 points or 1%.
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Philippine financial system grows by nearly 8% to PHP33.66T
As of end-January 2025, the Philippines' financial system resources grew to PHP33.66 trillion, marking an increase of nearly eight percent from a year earlier.
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Philippine banking sector assets grow 9.3% to PHP27.11T
The total assets of the Philippine banking sector increased by 9.3% year on year as of end-January this year, rising to PHP27.11 trillion from PHP24.81 trillion in January last year.
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FDI in PH rises slightly to $8.93B in 2024 but falls short of BSP target
Foreign direct investments (FDIs) into the Philippines increased slightly to $8.93 billion in 2024 compared with $8.925 billion in 2023, marking an end to two consecutive years of decline but falling short of the Bangko Sentral ng Pilipinas' forecast of a $10-billion net inflow.
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Bloomberry plans online gaming platform to diversify revenue
Bloomberry Resorts Corp., led by Enrique Razon Jr., plans to launch an online gaming platform this year as casino revenues decline.
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PHP22B T-bills oversubscribed at auction
On Monday, February 24, 2025, the Bureau of the Treasury (BTr) fully awarded bids for PHP22 billion in Treasury bills (T-bills), reflecting strong investor demand.
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Philippines records $4.1B BoP deficit in January
The Philippines recorded its largest balance of payments (BoP) deficit in over a decade, reaching $4.1 billion in January 2025, up from December's $1.5 billion and January 2024's $740 million.
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