Anticipation of further monetary easing later this week kept Treasury bill yields on a downward path at Monday’s auction, as investors piled into short-dated government debt.
The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.
Expectations of further easing by the Bangko Sentral ng Pilipinas are rippling through the debt market, pushing treasury bill yields lower and fueling strong demand at the latest auction.
Treasury bill yields continued to ease at Monday’s auction as investors positioned for a possible shift toward monetary easing by the Bangko Sentral ng Pilipinas (BSP) amid weakening economic momentum.
PhilWeb Corporation is ramping up efforts to cement its role as a key technology provider in the country’s rapidly evolving regulated gaming industry, signaling a more aggressive push into infrastructure and governance support.
President Ferdinand Marcos Jr. on Thursday unveiled a package of transport support measures to cushion commuters and public utility vehicle (PUV) operators from the impact of surging global oil prices, amid renewed tensions in the Middle East.
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.
The United Sugar Producers’ Federation of the Philippines (Unifed) has called on the government to immediately carry out cloud seeding operations as dry conditions linked to a possible El Niño begin to affect crops.