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.
Jollibee Group is banking on the Philippines’ growth beyond Metro Manila, identifying more than 1,500 potential trade areas for expansion between 2027 and 2030 as it looks to turn its nationwide footprint into another engine of growth.
Mingyang Group is weighing investments in Philippine ports, floating platforms and wind turbine manufacturing as it looks to turn the country from an equipment market into a potential offshore wind production base.
Sunlight Air is exploring direct flights between tourist destinations, including Boracay, as the domestic carrier looks to improve inter-island connectivity without relying solely on established aviation hubs.