Average yields on Philippine treasury bills fell at Monday’s auction, reflecting the Bangko Sentral ng Pilipinas’ recent quarter-point cut to its benchmark interest rate. The move signals easing borrowing costs for both the government and private sector amid a supportive macroeconomic backdrop.
Anticipation of further monetary easing later this week kept Treasury bill yields on a downward path at Monday’s auction, as investors piled into short-dated government debt.
Treasury bill yields continued to ease at Monday’s auction as investors positioned for a possible shift toward monetary easing by the Bangko Sentral ng Pilipinas (BSP) amid weakening economic momentum.
Average rates on Philippine treasury bills fell across the board at Monday’s auction, as investors positioned for the possibility of further monetary easing amid signs that economic growth may be losing steam.
Average yields on Treasury bills declined at Monday’s auction, as strong demand for short-term government debt reflected expectations of at least one more policy rate cut this year.
Vivant Corp. kept first-quarter core earnings largely steady as resilient on-grid power assets and a growing water business helped offset weaker performance from its off-grid operations.
Philippine Seven Corp. is accelerating its nationwide expansion and is on track to hit the 5,000-store milestone this year, with growth in the Visayas and Mindanao driving the company’s next phase of expansion.
The Sugar Regulatory Administration (SRA) has distributed 229 units of 4-in-1 knapsack power sprayers worth over P14.5 million to support sugarcane farmers in the Visayas.
Globe Telecom is set to launch a new satellite-to-mobile service with Starlink as early as June, pending government approval. The service will first be available to Android users and will allow mobile phones to connect directly to satellites in areas with no regular cell signal.