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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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 Bangko Sentral ng Pilipinas (BSP) forecasts that inflation in April will stay subdued, likely settling between 1.3 percent and 2.1 percent, continuing the downward trend seen in previous months. This outlook suggests easing price pressures for both households and businesses amid favorable supply conditions and global commodity trends.
Inflation in the Philippines could ease further in April, following a drop to 1.8 percent in March—the slowest pace since May 2020—if rice prices continue to decline in the latter half of the month.
The Department of Transportation (DOTr) announced the arrival of a new eight-car electric multiple unit (EMU) trainset built for the Malolos-Tutuban segment of the North-South Commuter Railway (NSCR). This marks the fourth trainset secured for the project.
At the International Space Summit in Paris, in the presence of French Minister of Higher Education, Research and Space Philippe Baptiste, Eutelsat announced it has ordered 229 more OneWeb satellites from Airbus, marking a major expansion of its low Earth orbit (LEO) connectivity network.
What started as government livelihood support has grown into a self-sustaining business, transforming traditional Ayangan tribal farmers into empowered entrepreneurs and forest caretakers.
Mangroves may look like trees doing ordinary coastal work. In Dapitan City, they are doing something much bigger beneath the surface, quietly locking away millions of tons of carbon in the mud.