The Bangko Sentral ng Pilipinas is pushing to close a persistent financing gap for micro, small and medium enterprises, with bank loans to the sector reaching more than P580 billion but accounting for only about 6 percent of total business lending.
Treasury bill yields rose across all maturities at Monday’s auction as the Bangko Sentral ng Pilipinas’ recent rate hike pushed borrowing costs higher and investors braced for the possibility of further monetary tightening.
Philippine inflation eased to a five-month low of 6.1 percent in August, offering some relief after prices accelerated sharply earlier this year, but the reading remained elevated enough to underscore the Bangko Sentral ng Pilipinas’ decision to raise interest rates last week.
Treasury bill yields rose across all tenors at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ recent rate hike and the possibility of further monetary tightening.
The Bangko Sentral ng Pilipinas on Thursday delivered a preemptive 25-basis-point rate hike and left the door open to further tightening as stubborn inflationary pressures threaten to keep prices above the central bank’s target range.
Newly installed Department of Information and Communications Technology Secretary Robert Joseph M. de Claro is pushing for an organizational restructuring to boost the department’s performance and deliver more effective digital public services to Filipinos.
GCash is marking its 22nd anniversary with a nationwide promotional campaign offering free MRT-3 rides, P10 chicken meals and prizes worth up to P100,000, as the financial technology platform seeks to reward users through October 31.
The Philippine government has secured USD1.5 billion in emergency financing from the Asian Development Bank (ADB) to help cushion households, commuters and businesses against rising fuel prices and economic disruptions stemming from the Middle East conflict.
In a striking display of personal camaraderie amid high-stakes regulatory friction, former Stock Exchange chairman Ma. Vivian Yuchengco and Securities and Exchange Commission chairman Francis E. Lim maintained a friendly demeanor during the recent listing of Mynt Inc. in Taguig, despite an ongoing legal battle between them. The interaction underscored a complex dynamic where personal relationships persist even as fundamental corporate and stock market regulations are tested in court.