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.
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.
Domestic liquidity grew by 7.6 percent year-on-year to P19.4 trillion in November, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP), reflecting continued expansion in money supply even as growth eased from the previous month.
The Philippine National Bank has passed its surveillance audit for the ISO/IEC 27001:2022 information security standard and expanded the coverage of its certification, reinforcing its efforts to protect customer and business data.
The Department of Agriculture (DA) and the Muntinlupa city government have invested P4 million to upgrade a local food hub that supports women-led enterprises and community food production.
Price pressures have been gradually building in recent months, even as February inflation remained within the central bank’s target and broadly in line with market expectations, according to economist Jonas Ravelas.
Japan signed two grassroots development grants worth USD 318,098 (about P18.3 million) to improve waste management in Bohol and support indigenous fisheries livelihoods in Palawan.