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.
Moody’s Ratings affirmed the Philippines’ Baa2 sovereign credit rating on Monday, citing expectations that the government’s fiscal position will stabilize over the next two years despite a sharp slowdown in economic growth.
Treasury bill yields were mostly higher at Monday’s auction as investors appeared to price in the possibility of tighter monetary policy ahead of the Bangko Sentral ng Pilipinas’ interest rate-setting meeting later this week.
When storms approach, Filipino families instinctively act: umbrellas within reach, supplies checked, gadgets charged, and disruptions anticipated. It is a proven habit—when the future is unclear, being ready changes everything.
As part of its 75th anniversary and Project MITHI’s second year, Security Bank and partners planted nearly 500 mangrove seedlings in Barangay Bungro, moving toward a 7,500-seedling target this year. The event included environmental education for children and financial literacy training for adults to strengthen community resilience.
Japan, as a long-standing observer and partner in the Mindanao peace process, welcomed the successful conduct of the first-ever Bangsamoro Parliamentary Election held on September 14.
BSB Junrose Corp. has been appointed an importer-distributor of Michelin commercial tires in the Philippines, expanding its product offering to fleet operators as logistics and transport businesses put greater focus on vehicle uptime and operating efficiency.