Average yields on treasury bills declined across all tenors at Monday’s auction, as expectations of further monetary easing continued to push rates lower.
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.
Investor...
Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.
The Bureau of Animal Industry has approved AVAC ASF LIVE—developed by AVAC Vietnam—as the first African Swine Fever vaccine for commercial sale in the Philippines, nearly seven years after the 2019 outbreak cut the national hog herd from 13 million to roughly 8 million heads.
Damage to the agriculture sector from the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis, Maymay, and Neneng has climbed past the ₱3 billion mark, rising to ₱3.39 billion as of 2 p.m. September 2, the Department of Agriculture (DA) confirmed. The figure is up from ₱2.84 billion just 30 hours earlier, at 8 a.m. September 1 — and authorities warn the total will likely rise as field assessments continue.
Prime Infrastructure Capital Inc. (Enrique K. Razon Jr., chairman) appointed ex-BP CEO Tony Hayward to its board, effective Aug 10, as it expands in the Philippines and overseas.