Treasury bill yields, a reflection of the cost incurred when government borrows short term, were higher at the auction Monday even as the Bureau of Treasury rejected some bids, particularly for three- and six-month debt papers.
Oil, U.S. Treasuries and gold prices rose on Friday, with crude soaring nearly 6 percent, on safe-haven buying driven by the escalating Middle East conflict as Israel urged civilians to leave the northern Gaza Strip.
Private sector workers in Region XII, Region II, and Region III can expect higher salaries by 16 October when the new regional daily minimum wage rates take effect.
The monetary board of the Bangko Sentral ng Pilipinas (BSP) on Friday approved the government plan to borrow $2.7 billion more from overseas creditors in the quarter ending September this year.
The Philippines has opened its doors wider to Chinese tourists with a new policy granting 14-day visa-free entry—but the real question is whether travelers from the world’s largest and most dynamic tourism market will actually walk through.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has directed state-owned Food Terminal Inc. (FTI) to buy large volumes of mung beans and chili peppers directly from local farmers to stabilize prices and reduce dependence on imports.
Globe Telecom has made history by becoming the first mobile network operator to launch Starlink’s Direct to Cell (DTC) satellite service in the Philippines and Southeast Asia—and the second in Asia—marking a major leap toward universal mobile connectivity in the country.
MacroAsia Corp. (MAC), through its majority-owned unit MacroAsia Airport Services Corp. (MASCORP), has begun construction of a new six-story headquarters aimed at strengthening its aviation services operations, following a formal groundbreaking ceremony held today.