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.
The Department of Trade and Industry (DTI) has opened a P2.41 million coconut oil processing facility in Tangub City, Misamis Occidental, in a bid to help local farmers capture more value from their harvests and expand the province’s coconut-based industries.
MediCard has launched MedGo, a digital healthcare platform designed to streamline member services, with automated processing reducing approval times for certain medical authorizations to less than three seconds.
Duty Free Philippines has opened a store at Bohol-Panglao International Airport, expanding retail options for eligible international travelers as the airport operator seeks to strengthen commercial services and support the province’s tourism industry.
Passengers traveling through Ninoy Aquino International Airport Terminal 2 can now access expanded food and shopping choices following the official launch of new establishments at the North Wing departure airside. The addition provides travelers with more places to eat, rest, and make last-minute purchases after passing through security.