Yields on shorter-dated Philippine Treasury bills climbed at Monday’s auction as investors positioned for a possible further monetary tightening by the Bangko Sentral ng Pilipinas (BSP) later this week.
Philippine inflation surged to 7.2 percent in September, matching the pace in April, which is the fastest rate in three-and-a-half years and putting the Bangko Sentral ng Pilipinas under renewed pressure to tighten monetary policy.
The US Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting its benchmark rate by 25 basis points to 3.75 percent to 4 percent as policymakers moved to counter persistent inflation.
Treasury bill yields climbed across all maturities at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ recent rate hike and the prospect of further monetary tightening amid an elevated inflation outlook.
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.
Yuchengco-led EcoSolar Energy Corp. (ESEC) announced that its 22.5 megawatt / 45 megawatt-hour Panitan Energy Storage Project in Capiz began testing and commissioning as a generation facility last week.
The Government Service Insurance System (GSIS) has allocated ₱2.75 billion in emergency lending to assist over 109,000 active members and old-age and disability pensioners living in areas hit by crop pest infestations, rising dengue infections, and the El Niño dry spell.
President Ferdinand Marcos Jr. has approved the addition of nearly eight hectares to the LIMA Technology Center in Batangas, expanding industrial space for new factories and existing companies looking to increase capacity.
Apex Mining Co. Inc. reported a 40 percent rise in its consolidated net income for the first nine months of 2026, reaching ₱7.61 billion from the ₱5.45 billion posted in the same period last year, the company announced Tuesday.