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.
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 Philippine Communications and Telecommunications Operators (PCTO) has called on President Ferdinand Marcos Jr. to exercise caution before signing the proposed “Konektadong Pinoy Bill” into law, warning that the measure in its current form could undermine the very goals it seeks to achieve.
New NAIA Infrastructure Corp. (NNIC), the private operator of Ninoy Aquino International Airport, has swiftly rolled out stricter transport and passenger protection measures following a viral incident involving an unauthorized taxi grossly overcharging a traveler for an inter-terminal ride.
PrimeWater San Jose del Monte (SJDM), in partnership with the San Jose del Monte Water District, is set to complete a major transmission line extension project in Bulacan by the end of June, marking a significant milestone in the city's water infrastructure development.
The recent escalation of conflict in the Middle East, following U.S. military involvement in Israel-Iran tensions, is expected to add upward pressure on global oil prices due to rising insurance and freight costs, according to Jetti Petroleum Inc. president Leo Bellas.