The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).
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 Bases Conversion and Development Authority (BCDA) is pursuing at least USD50 million in initial investment from a European aircraft maintenance company, alongside a separate US aerospace manufacturing proposal, as it seeks to expand Clark’s role in the aviation industry.
The Department of Agriculture (DA) is tightening checks on project details and rolling out system-wide improvements after discrepancies were found in coordinates submitted for farm-to-market road (FMR) projects.
A P14.8-billion water supply and wastewater project proposed by Maynilad Water Services Inc. and South Korea’s K-Water for New Clark City has cleared a key hurdle after attracting no competing bid, putting the consortium closer to securing the contract.
BPI Foundation, the social development arm of the Bank of the Philippine Islands, is broadening its nationwide push to boost financial literacy and digital learning, reaching thousands of students and teachers in underserved communities.