The US Federal Reserve decided on Wednesday to keep its benchmark interest rates unchanged, as it awaits new developments that could reshape the economic outlook and inflation trajectory.
Strong demand for Treasury bills (T-bills) at Monday’s auction led to a drop in average rates for shorter-dated securities while keeping the yield on one-year paper stable. The Bureau of the Treasury received tenders worth ₱90.6 billion for the ₱22 billion in bills offered, a sign of robust investor appetite.
The Department of Agriculture (DA) has lifted its temporary ban on poultry imports from the US states of Illinois and Wisconsin, allowing chicken products from these areas to enter the Philippines again. However, imports from Kansas remain suspended due to ongoing bird flu outbreaks.
The Department of Agriculture (DA) said current imported onion stocks are not enough to cause a major drop in red onion prices, following complaints from farmers in Nueva Ecija.
The National Telecommunications Commission (NTC) has proposed new service quality benchmarks for data transmission industry participants under the Konektadong Pinoy Act to ensure new telecommunications entrants meet national connectivity standards.