Thursday, 15 May 2025, 8:51 pm

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    Strong demand drives down T-bill rates

    Strong demand for Treasury bills (T-bills) at Monday’s auction led to a drop in average rates for shorter-dated securities while keeping the yield on one-year paper stable. The Bureau of the Treasury received tenders worth ₱90.6 billion for the ₱22 billion in bills offered, a sign of robust investor appetite.

    Disenchanted agri group pushes for rice tariff hike, citing policy failure

    The Samahang Industriya ng Agrikultura (Sinag) has asked the Tariff Commission (TC) to revert rice tariffs to 35 percent for ASEAN imports and 50 percent for non-ASEAN imports, arguing the reduced tariffs rates have instead adversely impacted both consumers and local farmers.

    February GIR rise boosts external liquidity buffer, strengthening reserve management

    The Bangko Sentral ng Pilipinas (BSP) on Friday reported a significant increase in the country’s gross international reserves (GIR) for February 2025, reflecting robust external liquidity and enhanced financial stability. Preliminary data shows that the GIR, an indicator of capacity to pay for external obligations, grew to USD106.7 billion by the end of February 2025, up from USD103.3 billion in January 2025, marking a notable month-on-month increase of USD3.4 billion.

    Strong loan growth, rising liquidity highlight economic stability – BSP

    The Bangko Sentral ng Pilipinas (BSP) on Friday reported that the outstanding loans of universal and commercial banks (U/KBs) increased by 12.8 percent year-on-year in January, up from 12.2 percent in December 2024. On a seasonally adjusted month-on-month basis, these loans grew by 1.4 percent. The growth in loans signals robust credit activity, contributing to economic stability amid ongoing financial conditions.

    Philippines jobless rate eases to 4.3% in January

    The Philippines' unemployment rate decreased to 4.3 percent in January, down from 4.5 percent in the same period last year, as the economy continued to create more jobs to accommodate new entrants to the labor force, according to the Philippine Statistics Authority (PSA) report on Thursday.

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