Treasury bill yields were marginally higher at the auction Monday, with the market awaiting the impact on inflation of the latest minimum wage hike in Metro Manila and a fresh round of increases in fuel prices.
Outstanding Philippine national government (NG) debt totalled P15.35 trillion in May, an increase of P330.39 billion, or 2.2 percent, from end-April level. This was primarily attributed to the impact of local currency depreciation on the value of NG's foreign-currency denominated debt.
The Manila Electric Co. (Meralco) on Monday hinted broadly of higher electricity costs in its franchise area as a consequence of charges having been deferred last month in keeping with directives from the Energy Regulatory Commission (ERC).
The Department of Agriculture has released guidelines for a revised program aimed at helping the swine industry recover from the devastating effects of African swine fever and to reduce pork imports.
PLDT Inc. on Monday partnered with the Metropolitan Manila Development Authority (MMDA) in helping shield telco infrastructure from road digging and excavation accidents that interrupt vital communication.
The continued weakening of the Philippine peso past the 63 per U.S. dollar threshold is intensifying pressure on the Bangko Sentral ng Pilipinas to aggressively tighten monetary policy, with rate hikes now widely anticipated both next week and in December, according to the Bank of the Philippine Islands.
Security Bank Wealth and St. Luke’s Medical Center have teamed up to launch a concierge healthcare service, giving clients faster, easier access to medical care and more time for what matters.
Concreat Holdings Philippines (CHP) is recovering and reusing 50 million liters of water annually across its cement plants in Cebu and Rizal, bolstering efforts to conserve freshwater as climate extremes put pressure on water resources.
PhilWeb Corp., a listed gaming company, is expanding its footprint in the Philippines’ regulated digital gaming market after investee JKS Tech Solutions secured an exclusive partnership with international gaming content provider MegaWin.