Average yields on treasury bills continued to ease at Monday’s auction, supported by growing expectations of further monetary policy loosening amid slowing inflation.
The country's annual inflation rate dipped slightly to 1.3 percent in May, down from 1.4 percent in April, according to data released by the Philippine Statistics Authority. While the decline is modest, it marks a continued deceleration in price increases, indicating a slower pace of inflationary momentum.
Treasury bill rates held steady at Monday’s auction as the market awaited fresh inflation data expected to influence the direction of monetary policy.
The May...
Inflation in the Philippines is expected to continue its downward trend in May, with the Bangko Sentral ng Pilipinas (BSP) projecting a year-on-year rate between 0.9 percent and 1.7 percent, the central bank said Friday.
Seasonal patterns boosted chicken and tilapia production in the first quarter but weighed on output of hogs, bangus, and galunggong, according to the Philippine Statistics Authority (PSA).
The lack of reliable transport services, far more than the lack of access to electricity or access to safe water sources, remains the biggest hindrance to economic expansion among countries in Asia and the Pacific like the Philippines, the Asia Development Bank said.
The inter-agency Cybercrime Investigation and Coordinating Center (CICC) has issued a warning to content creators in the country, urging them to stop promoting illegal online gambling platforms.
Batangas 1st District Representative Leandro Legarda Leviste has begun distributing P1,000 allowances to over 150,000 public school students in his district, using personal funds through his Lingkod Legarda Leviste Foundation.