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.
Average rates on Philippine treasury bills fell across the board at Monday’s auction, as investors positioned for the possibility of further monetary easing amid signs that economic growth may be losing steam.
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.
Domestic liquidity grew by 7.6 percent year-on-year to P19.4 trillion in November, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP), reflecting continued expansion in money supply even as growth eased from the previous month.
The Philippines is closely watching a new US trade investigation that could reshape manufacturing supply chains and complicate trade flows across Southeast Asia.
The Philippines is pressing Southeast Asian economies to keep markets open as geopolitical tensions in the Middle East threaten to rattle global supply chains and push up energy costs.
The Energy Regulatory Commission (ERC) on Thursday said electricity prices at the Wholesale Electricity Spot Market (WESM) could rise by P2 to P4 per kilowatt-hour (kWh) next month, based on simulations by the Independent Electricity Market Operator of the Philippines (IEMOP).
When it comes to spotting investment scams, Atty. Joanne L. Ranada has spent much of her career reading between the lines — and occasionally between the loopholes.