Banking & Insurance
Mixed results at T-bill auction amid rate cut expectations
Average rates on Treasury bills were mixed in Monday's auction, with six-month and 12-month debt papers seeing a softening of yields due to expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP). However, uncertainty continued to push yields on three-month bills higher.
Maya in retail network payments pact with Pepsi-Cola PH
Maya, the leading digital bank and payments processor in the Philippines, has partnered with Pepsi-Cola Products Philippines, Inc. (PCPPI) to introduce a transformative digital payment and financing initiative for PCPPI’s expansive network of over 200,000 distributors and retailers, including local sari-sari stores.
BSP projects moderate March inflation, highlighting economic stability
The Bangko Sentral ng Pilipinas (BSP) has forecast March 2025 inflation to range between 1.7 percent and 2.5 percent, signaling a balanced outlook despite pressures from certain key commodities.
T-bill rates rise ahead of inflation data, BSP policy meeting
Average rates on Treasury bills (T-bills) increased during Monday's auction, ahead of the March inflation data release and the upcoming Bangko Sentral ng Pilipinas (BSP) monetary policy meeting.
Financial system proves resilient amid global challenges, says FSCC
The Financial Stability Coordination Council (FSCC) has released its 2024 Financial Stability Report (FSR), showcasing the resilience and stability of the Philippine financial system despite global challenges, including geopolitical tensions and policy shifts.
