Treasury bill yields fell across all tenors at Monday’s auction, as the sharp deceleration in April inflation heightened expectations of potential monetary policy easing.
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.
GoTyme Bank has rolled out Go Crypto, a new in-app service that lets Filipinos buy, sell, and manage cryptocurrency directly through the GoTyme Bank app. The nationwide launch aims to make crypto investing simpler, more accessible, and backed by the security of a BSP-licensed financial institution.
Artificial intelligence is taking center stage in the financial industry, with leaders at Hong Kong FinTech Week x StartmeupHK Festival emphasizing its growing role in expanding access to financial services.
The Jollibee Group has earned the Silver Award at the first Asia ESG Positive Impact Awards, held on November 6 in Kuala Lumpur, for its strong commitment to sustainability and responsible business practices. The award recognizes the impact of the Farmer Entrepreneurship Program (FEP), led by the Jollibee Group Foundation, which helps smallholder farmers in the Philippines become direct suppliers to the company.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has approved the three-year accreditation of 13 Chilean companies to export beef, pork, and chicken to the Philippines, a move seen to further diversify the country’s food sources amid persistent supply bottlenecks and livestock diseases.