Average Treasury bill rates slipped at Monday’s auction, coming in below secondary-market levels after the Bangko Sentral ng Pilipinas (BSP) moved to further ease monetary policy.
Average rates on Treasury bills eased in Monday’s auction as investors positioned for potential monetary policy cuts by both the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve later this month.
Average rates on Treasury bills ended mixed at Monday’s auction, with the yield on the one-year tenor continuing to drift lower amid expectations of further monetary easing.
Average rates on government treasury bills moved in mixed directions at Monday’s auction, with the shortest tenor edging higher as investors priced in political uncertainties, while longer maturities continued to ease on expectations of further monetary loosening after weaker third-quarter growth.
Makro Philippines is accelerating its Luzon expansion after securing four strategic sites from Ayala Land Inc., giving the wholesale retailer access to major growth corridors in Metro Manila and Southern Luzon.
Agriculture Secretary Francisco P. Tiu Laurel Jr. clarified that sugar importation is not administration policy but a temporary tool to stabilize prices and supply, as the government prioritizes technology and innovation to build a stronger, self-reliant domestic sugar industry.
Japan-based Rating and Investment Information, Inc. (R&I) has affirmed the Philippines’ A- investment-grade credit rating with a stable outlook, citing resilient economic fundamentals, improving fiscal conditions, and manageable external risks.
San Miguel Corp. has elected former Transportation Secretary and Philippine Airlines president Jaime J. Bautista as an independent director, adding a veteran of the aviation, finance, and government sectors to the conglomerate’s board.