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.
In a rare commendation, the Commission on Audit (COA) has praised the National Food Authority (NFA) for its effective rice inventory management, according to the latest Audit Observation Memorandum (AOM) issued to the Department of Agriculture’s grains agency.
Ischaemic heart diseases remained the leading cause of death in the Philippines from January to November 2024, according to new data released by the Philippine Statistics Authority.
The trade deficit narrowed significantly in April, reflecting a rare convergence of rising exports and declining imports. The foreign trade gap declined to USD3.5 billion, down from a revised USD4.5 billion in March, according to data released Friday by the Philippine Statistics Authority (PSA).
First Philippine Holdings Corp. (FPH), the Lopez Group’s pioneering energy and infrastructure company, has elected respected economist and former National Economic and Development Authority (NEDA) Director-General Dr. Cielito Habito as an independent director, signaling the group’s intent to further deepen its strategic governance amid the evolving business and policy landscape.