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.
Moody’s Ratings affirmed the Philippines’ Baa2 sovereign credit rating on Monday, citing expectations that the government’s fiscal position will stabilize over the next two years despite a sharp slowdown in economic growth.
Treasury bill yields were mostly higher at Monday’s auction as investors appeared to price in the possibility of tighter monetary policy ahead of the Bangko Sentral ng Pilipinas’ interest rate-setting meeting later this week.
The Philippines’ gross international reserves (GIR) fell to USD103.3 billion at the end of July from USD104.7 billion a month earlier, while the country posted a USD1.5-billion balance of payments (BOP) deficit, reflecting continued pressure from external transactions.
Rural Filipino consumers are increasingly digitally connected but remain highly deliberate in spending, with trust, family needs and financial security playing a bigger role in purchasing decisions than simple exposure to brands, a new study by WPP Media, Ogilvy and Fifty5Blue found.
Public awareness and stricter enforcement around wildlife protection are taking root in Barangay Sinkatulan, Makilala, Cotabato as local residents voluntarily surrendered 12 wildlife specimens to the Department of Environment and Natural Resources Provincial Environment and Natural Resources Office (DENR-PENRO) on September 10. The move reflects growing public compliance with Republic Act No. 9147, or the Wildlife Resources Conservation and Protection Act.
SAN JOSE DEL MONTE CITY, Bulacan— About P14 billion may be needed to fully address the city’s chronic water supply problems, underscoring the scale of infrastructure investment required to deliver reliable service across the rapidly growing Bulacan city.
Japan’s Parliamentary Vice-Minister for Foreign Affairs ONISHI Yohei concluded a day of key diplomatic and business talks in the Philippines today, marking a significant step forward in bilateral cooperation across multiple critical sectors.