Average rates of Treasury bills (T-bills) were either steady or lower at the auction Monday, with strong demand and benign inflation expectation easing yields on longer-dated T-bills.
Average rates on Treasury bills were mixed in Monday's auction, with six-month and 12-month debt papers seeing a softening of yields due to expectations of further rate cuts by the Bangko Sentral ng Pilipinas (BSP). However, uncertainty continued to push yields on three-month bills higher.
Average rates on Treasury bills (T-bills) increased during Monday's auction, ahead of the March inflation data release and the upcoming Bangko Sentral ng Pilipinas (BSP) monetary policy meeting.
Average rates for Treasury bills (T-bills) were mixed at Monday’s auction, as market participants anticipated that the Bangko Sentral ng Pilipinas (BSP) is unlikely to resume monetary policy easing after the US Federal Reserve’s decision to hold rates steady.
Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have declined sharply since their 2008 peak, falling from 5 percent of GDP to around 2 percent in recent years, according to a World Bank study. The decline affects nearly 60 percent of EMDEs, including regional players like the Philippines, and threatens progress in infrastructure development, poverty reduction, job creation, and climate action.
Pru Life UK has unveiled its first Shari’ah-compliant life insurance product in the Philippines, the PRUTerm Lindungi, marking a landmark innovation in the insurance sector. Rooted in Islamic principles of mutual aid, fairness, and shared responsibility, the plan is designed to provide inclusive, ethical, and affordable life protection for Filipinos of all backgrounds.
Shares of Accenture slid nearly 7 percent on Friday after the global professional services giant reported lower-than-expected new bookings for its fiscal third quarter ending May 31, despite solid gains in revenue and profitability.
NLEX Corp. announced on Friday accelerated repair works at the Marilao Overpass Bridge that sustained damage caused by an overheight container truck, significantly affecting traffic flow in the area.