The average price of regular milled rice fell 20 percent year-on-year to P40.66 per kilo in the first half of August, potentially easing overall inflation if the downtrend holds through month-end.
Treasury bill yields declined at Monday’s auction as investors shifted focus back to short-term debt following the auction of five-year retail treasury bonds last week, and amid growing anticipation of potential monetary policy easing.
Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).
Treasury bill yields moved mostly lower at Monday’s auction, as investors braced for a raft of key economic reports that could influence future monetary policy direction.
Globe Telecom is strengthening digital access in Basilan, Sulu, and Tawi-Tawi through a major network upgrade led by a new 48-core, 175-km submarine cable linking Zamboanga, Isabela City, and Sulu.
Manila Water, in partnership with MSpectrum, has completed the installation of 3.8 megawatts-peak (MWp) of solar capacity across ten of its facilities.
Manila Electric Company (Meralco) and its corporate social responsibility arm, One Meralco Foundation (OMF), have provided safe and reliable electricity to 179 low-income households in Manila just in time for Christmas.
SM Investments Corp., in partnership with the Global Reporting Initiative (GRI), has launched a free online course to help micro, small, and medium enterprises (MSMEs) learn about sustainability reporting. The program was announced during a recent training workshop for publicly listed companies at SMX Aura in Taguig.