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.
Philippine manufacturers tightened their purchasing activity in October as weak demand continued to drag on production and hiring, underscoring the gap between businesses’ improving outlook and the still-fragile state of factory orders.
Hotel101-Madrid, the 680-room global prototype of DoubleDragon’s standardized hospitality model, posted record monthly recurring revenue of EUR2.93 million, or about USD3.28 million (P209 million), in October as it neared full occupancy.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is pitching Canadian energy companies on a role in powering a planned defense and industrial hub on Luzon’s eastern seaboard, betting that reliable electricity will be as important as land and logistics in attracting investors.
Philippine manufacturers are putting 2027 expansion plans on the shelf and using P65 to the US dollar as a working hedge against further peso weakness, as rising import, energy and logistics costs squeeze already-thin margins.