Yields on treasury bills continued their downward trend at Monday’s auction, driven by expectations of further monetary policy easing amid signs of cooling inflation.
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The Bangko Sentral ng Pilipinas (BSP) said it will temporarily suspend the operation of Coin Deposit Machines (CoDMs) in select malls starting June 17 to conduct a comprehensive review aimed at enhancing the coin recirculation program.
Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.
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.
The local steel industry is calling for stricter enforcement of material standards in infrastructure projects, warning that substandard and underweight steel products remain a persistent risk in the domestic market.
Local government units (LGUs) are being urged to fast-track the modernization of public collection systems as digital payments continue to dominate everyday transactions in the Philippines.
The Philippine National Bank has passed its surveillance audit for the ISO/IEC 27001:2022 information security standard and expanded the coverage of its certification, reinforcing its efforts to protect customer and business data.
The Department of Agriculture (DA) and the Muntinlupa city government have invested P4 million to upgrade a local food hub that supports women-led enterprises and community food production.