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 Department of Agriculture (DA) has concluded a nationwide series of multi-sectoral consultations on House Bill No. 1, the proposed Rice Industry and Consumer Empowerment (RICE) Act, and other related measures that seek to amend the Rice Tariffication Law (RTL). The consultations aim to gather broad-based insights and recommendations from rice industry stakeholders to ensure that the final version of the proposal is robust and equitable.
Globe Telecom has successfully completed new pilot tests of its satellite-powered mobile service, marking another step toward providing reliable connectivity to all Filipinos, even in remote areas.