Average rates on Treasury bills were mixed in Monday's auction, with six-month and 12-month debt papers seeing a softening of yields due to expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP). However, uncertainty continued to push yields on three-month bills higher.
Philippine inflation decelerated to 1.8 percent in March, its slowest pace since the 1.6 percent registered in May 2020 when the economic activities was challenged by the COVID-19 pandemic-related lockdowns. This decline, down from 2.1 percent in February, was largely driven by lower food prices, particularly rice, which saw a significant annual decrease.
Average rates on Treasury bills (T-bills) increased during Monday's auction, ahead of the March inflation data release and the upcoming Bangko Sentral ng Pilipinas (BSP) monetary policy meeting.
Average rates for Treasury bills (T-bills) were mixed at Monday’s auction, as market participants anticipated that the Bangko Sentral ng Pilipinas (BSP) is unlikely to resume monetary policy easing after the US Federal Reserve’s decision to hold rates steady.
Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.
The Rice Tariffication Law (RTL) has severely weakened the National Food Authority’s (NFA) ability to stabilize rice prices and supply, stripping it of key regulatory powers—including the authority to sell rice directly to the public.
The Department of Agriculture (DA), through the Bureau of Animal Industry (BAI), is hopeful that at least one avian influenza (AI) vaccine will gain FDA approval for commercial release within the year.
MREIT Inc., the real estate investment trust (REIT) of property giant Megaworld Corp., reported a 25 percent increase in its first-quarter net income to ₱932 million, from only ₱742 million in the same period last year, driven by strategic acquisitions and sustained rental growth.
Nickel Asia Corp. (NAC), the country's largest nickel miner, reported a 148 percent surge in attributable net income for the first quarter of 2025, reaching ₱501.03 million from ₱202.38 million a year ago, driven by higher ore prices and a one-time gain from a strategic divestment.