The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.
Expectations of further easing by the Bangko Sentral ng Pilipinas are rippling through the debt market, pushing treasury bill yields lower and fueling strong demand at the latest auction.
Treasury bill yields continued to ease at Monday’s auction as investors positioned for a possible shift toward monetary easing by the Bangko Sentral ng Pilipinas (BSP) amid weakening economic momentum.
Average rates on Philippine treasury bills fell across the board at Monday’s auction, as investors positioned for the possibility of further monetary easing amid signs that economic growth may be losing steam.
The Philippine government and Japan on Friday signed agreements for major infrastructure projects aimed at boosting the country’s economy and improving transportation.
The Bangko Sentral ng Pilipinas (BSP) has warned the public about a fraudulent online article that misuses the name and likeness of its governor, Eli M. Remolona, Jr..
Motorists heading to Ninoy Aquino International Airport (NAIA) Terminal 3 can now reach the terminal faster with the opening of a new off-ramp connecting the Skyway directly to the NAIA Expressway.
The Department of Trade and Industry (DTI) is stepping up support for exporters while keeping a close watch on global developments that could disrupt trade and logistics, as Philippine exports continue their growth streak.