Treasury bill yields fell across all tenors at Monday’s auction, as the sharp deceleration in April inflation heightened expectations of potential monetary policy easing.
Inflation in the Philippines could ease further in April, following a drop to 1.8 percent in March—the slowest pace since May 2020—if rice prices continue to decline in the latter half of the month.
Foreign direct investment (FDI) inflows, the kind that stays invested in the country, dropped by 20 percent on net basis in January this year, totaling USD731 million, down from USD914 million a year ago, according to data released by the Bangko Sentral ng Pilipinas (BSP).
San Miguel Corp.’s spirits arm, Ginebra San Miguel Inc. (GSMI), posted a robust first quarter, reporting net income of P2.1 billion—an 11 percent increase from the same period last year despite tougher market conditions.
A new 120-kilowatt peak (kWp) rooftop solar installation developed by Meralco’s renewable energy arm, MSpectrum Inc., has been officially turned over to DHL Supply Chain Philippines, marking another milestone in the country’s shift toward cleaner energy for commercial operations.
Aboitiz Power Corp. is expanding its use of artificial intelligence (AI) and data analytics in coal-fired power plants across Luzon and Visayas as part of its modernization initiative, Project Arkanghel.