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.
Rice prices may continue to ease inflationary pressure this July, even as the cost of other key food items rises with the onset of the rainy season, according to preliminary data from the Philippine Statistics Authority (PSA).
Online gaming firm DigiPlus Interactive Corp. says it expects a pickup in business in the fourth quarter after a weak performance in 3Q, following the government’s mid-August decision to block online gaming transactions through major e-wallets like GCash and Maya.
The Philippine Securities and Exchange Commission (SEC) and Cambodia’s Securities and Exchange Regulator (SERC) have signed a new cooperation deal aimed at strengthening and modernizing their capital markets.
The Department of Agriculture (DA) will sell rice at P20 per kilo during the Kadiwa ng Pangulo (KNP) Expo 2025, happening from 28 to 30 November this year in Intramuros, Manila. Officials say this will be the largest Metro Manila rollout of the program so far, aimed at helping vulnerable groups such as farmers, fisherfolk, transport workers, and low-income households.
Vaccines remain one of the most powerful tools in protecting Filipinos from deadly diseases, experts emphasized at the 26th Philippine National Immunization Conference (PNIC) in Pampanga.