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.
Preventive healthcare is no longer confined to hospitals and annual checkups. As more Filipinos prioritize wellness over treatment, pharmaceutical company MSD is highlighting how vaccinations and other preventive services are becoming easier to access through everyday community touchpoints.
The Department of Tourism (DOT) is leaning on aviation expertise to help drive the next phase of tourism growth, appointing former airline executive Stanley Ng as undersecretary tasked with expanding the Philippines’ international air connectivity.
OceanaGold Philippines Inc. (OGP) has signed an agreement with Geocycle Philippines — the waste management arm of Holcim Group — to process residual mine waste as alternative fuel and raw material for cement production.
The Department of Agriculture (DA) is scaling up production of a naturally occurring fungus to fight the red‑striped soft scale insect (RSSI), a pest that can cut sugar content by nearly 50 percent. First seen in 2022, RSSI now ranks as a major threat to the Philippine sugar industry.