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Outstanding IOUs inch up in April as easing inflation sells more debt paper

MANILA, Philippines --- As the government sold more short-dated debt paper on the back of easing inflation, the amount of outstanding government-issued IOUs inched up to P5.204 trillion at end-April. The latest Bureau of the Treasury data showed that the total outstanding treasury bills and bonds as of last month rose from P5.196 trillion in March. Outstanding T-bills increased to P622.1 billion from P607.6 billion a month ago as the Treasury awarded bigger volumes amid strong demand. On the other hand, outstanding treasury bonds slightly declined to P4.582 trillion from P4.588 trillion in the previous month as some long-dated securities matured. Among the outstanding treasur...

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from INQUIRER.net http://bit.ly/2PU5QlZ

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Motorcyclist dead in Lucena collision

LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....