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 Securities and Exchange Commission (SEC) will lift its three-year moratorium on new online lending platforms starting April 1, signaling a major policy shift aimed at expanding competition while tightening oversight of the fast-growing digital lending sector.
The Department of Migrant Workers (DMW) has partnered with the Global Anti-Scam Alliance (GASA) to protect overseas Filipino workers (OFWs) and their families from the growing threat of online scams.
The Department of Agriculture (DA) has stopped the distribution and use of 11,353 bags of fertilizer in Oriental and Occidental Mindoro after regulators found violations of product registration rules.
Leading renewable energy provider First Gen Corporation has signed a deal to supply geothermal power to two major properties in Filinvest City, Alabang.