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.
Jaime Augusto Zobel de Ayala, chairman of Ayala Corp., struck a cautiously optimistic tone on the Philippines’ economic outlook, projecting a rebound as near-term risks begin to ease and structural strengths remain intact.
VITRO Inc. announced that its VITRO Santa Rosa (VSR) facility has achieved TIA-942 Rated 3 Facility Certification, confirming that the data center is designed to operate बिना interruptions even during maintenance or repairs.
Ambassador ENDO Kazuya has highlighted the growing opportunities for infrastructure development in the Philippines, particularly through public-private partnerships (PPP), during the Japan-Philippines Business Dialogue on Infrastructure and PPP Opportunities.
Filinvest Development Corp. (FDC) and its property arm Filinvest Land Inc. have approved a combined cash dividend payout of about P2.3 billion, signaling steady cash generation from their diversified real estate and financial services portfolio.