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).
Headline inflation in the Philippines rose to 1.4 percent in June, up from May’s six-year low of 1.3 percent, driven by increased housing and utilities costs—especially electricity—and a seasonal increase in education services following the start of classes.
Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).
The business process outsourcing firm Foundever has expanded its disability inclusion program, launching a voluntary Self-ID system that allows employees to confidentially share disability and other identity information, alongside nationwide learning sessions marking the International Day of Persons with Disabilities. The initiatives aim to better address workplace barriers and support employees with disabilities.
Enterprises across Asia Pacific are rapidly shifting from AI experimentation to production, with 96 percent planning to increase AI investment by an average of 15 percent in 2026, according to the Lenovo CIO Playbook 2026, commissioned by Lenovo with insights from IDC.
Jose Teodoro “TG” Limcaoco is the President and Chief Executive Officer of the Bank of the Philippine Islands (BPI), a role he assumed in April 2021. He leads one of the country’s oldest and largest banks, chairs key management and credit committees, and oversees BPI’s banking, asset management, insurance, and international subsidiaries. Beyond BPI, he serves as Chairman of the Bankers Association of the Philippines and Philippine Payments Management Inc., making him one of the most influential figures in Philippine banking today.
Century Properties Group Inc. said it has received a pre-effective letter from the Securities and Exchange Commission (SEC) favorably considering the company’s shelf registration of debt securities worth up to P12 billion, a key step toward tapping the domestic bond market.