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Angkas eyes more units, expansion of AngCars services

ANGKAS.COM

RIDE-HAILING APP Angkas, operated by DBDOYC, Inc., is planning to expand the rollout of its four-wheel vehicle services and deploy more units.

“We just rolled it out. We are doing our own pilot test. What our focus really is how (can we) have more EVs (electric vehicles) on the road. We have been working with a lot of vendors in China and in the Philippines so that we can roll out a much larger EV fleet,” Angkas Chief Executive Officer George I. Royeca told reporters on the sidelines of the Association of Southeast Asian Nations (ASEAN) Editors and Economic Opinion Leaders Forum last week.

The ride-hailing app rolled out AngCars, its four-wheel ride-hailing service, in 2024 within Metro Manila.

The company currently has about a thousand units for this service, Mr. Royeca said, adding that it is studying the deployment of more units while also expanding its area coverage.

“We are still not making a dent in the industry, but we are studying how we can really provide a unique value proposition… Right now, we are in Metro Manila but of course we are opening into other provinces as well,” he said.

The rollout of Angkas’ four-wheel service complements its existing two-wheel operations.

Mr. Royeca also expressed optimism that the motorcycle taxi law will soon be legalized, strengthening the company’s position in the market.

Currently, Angkas operates under the pilot study of the Department of Transportation, implemented through the Land Transportation Franchising and Regulatory Board (LTFRB).

The proposed Motorcycles-for-Hire Act, which aims to amend Republic Act No. 4136, seeks to legalize motorcycle ride-hailing services in the country by classifying them as public utility vehicles.

“We are working with the committee on transportation… [The MC taxi legalization] is one of their priorities… I know the Department of Transportation is also working on a Department Order to make sure that we can continue our services,” he said. — Ashley Erika O. Jose

Margiela files made public

SCREENCAPS of Margiela’s files from Dropbox.

IN AN unprecedented move, Maison Margiela, known widely for its avant-garde approach to fashion, is making its files accessible for all to view. The files were made available earlier this month — prosaically, through several Dropbox folders, just like one would access files in the office.

The folders aren’t a leak or anything illegal. They have been presented as a teaser for a series of exhibitions around China, beginning with their Fall/Winter 2026 show in Shanghai on April 1. Furthermore, the show will be followed by a series of exhibitions and experiences in four cities in China, “each dedicated to a different code that shapes our identity: Artisanal; Anonymity; Tabi and Bianchetto,” ran a press release.

We took a peek at the files: while the actual folder for the upcoming fashion show is empty, the folders for the other exhibition themes are full. The Artisanal folder explores their couture line, with a series of archival looks beginning in 1989 and beyond. Anonymity explores the psychology of their lack of branded labels and the masks at their runway shows. Tabi explores one of their most famous creations, the split-toe Tabi shoe which has influenced fashion both fast and slow, and finally, Bianchetto explores their white overpaint technique, which has become a signature of the brand.

In the 51-page document for the Artisanal line, it says, “Historically, each Artisanal piece was accompanied by a detailed log, recording its intention, the materials used, the hours required, and the unique nature of its construction offering a insight into the labor, time, and craftsmanship behind each piece.” It’s true: dresses from the Spring/Summer 2007 archives are shown made from vintage silk scarves, bowties, and vintage beads.

Meanwhile, Anonymity, in 24 pages, shows the various ways they have attempted to blur and conceal identities, such as through wigs, masks, and veils. Tabi, running 27 pages, shows the evolution of the Tabi silhouette, from the very first Tabi boot in the 1980s. Bianchetto, meanwhile, shows all the things they have painted white: “This gesture introduced paint as a means of leaving a trace, evoking notions of movement and temporality. From the outset, paint functioned as a medium that revealed rather than concealed the passage of time.

“As the project evolves, new files will be added for everyone to explore and collect, revealing new information about the experiences while documenting the journey from concept to exhibition,” said a release. “We invite you to follow the MaisonMargiela/folders, delving into its documents that chart the journey as it unfolds.”

The Maison Margiela files can be accessed through https://www.maisonmargiela.com/maisonmargiela_folders.html.JL Garcia

Crimes against humanity: Inflection point

FAMILIES of extrajudicial killing victims are emotional as they gather at the National Council of Churches in the Philippines (NCCP) in Quezon City. — PHILIPPINE STAR/MIGUEL DE GUZMAN

The inflection is on the word humanity. These are not crimes against humans alone.

There are crimes and there are crimes. For most part, these are wrongs visited on individuals. Often, too, groups, and even fairly large communities, are violated, mostly at frays or breaking points of the ways the many human societies weave themselves together.

Occasionally, the transgressions are shocking, even to humans with a cultivated cynicism. Euphemisms are invented to soften the impact of such deeds on the squeamish, for instance: collateral damage.

Human beings are collectively the only species known to kill for pleasure. But even the brutishness of pathological human predators (for instance, serial killers) are globally assumed to be aberrations that can be neutralized by the various human societies within the order of things each subscribes to.

Crimes against humanity are an entirely different matter. These threaten the definition of being human and transcend boundaries between and among human communities.

HUMANITY
The accusations against former Philippine President Rodrigo Duterte, lodged with the International Criminal Court (ICC), are of crimes against humanity. It bears reiterating: not against humans alone.

The details of each instance of horrendous death — about which Duterte is charged with ordering, or inspiring, or creating the environment for — concern individuals on the wrong side of his “policies.” Without an assiduous press and civil society, the victims would have remained anonymous.

Many Filipinos regard these as crimes against humans that can be processed into retributive outcomes within the Philippine legal system.

There is considerable noise about sovereignty at stake: that the “foreign,” in this case the ICC, transgresses the Filipino right to self-determination. That, yet again, the colonial powers (the hoary ghosts!) are trampling Philippine independence underfoot. Even senators who should know better, snivel thus.

There is even bigger noise about the “right” of Philippine society to its own definition of human rights. They mistakenly cite the beheadings that are part of Saudi Arabia’s criminal justice system, for instance, to argue that crime and punishment are culture based and should allow for radical variation.

And this is the point where “culture” is hauled in to refract the very idea of crimes against humanity.

THE ANONYMOUS
The relative or metaphoric anonymity of the victims of Duterte’s drug war seems to support this abominable twisting of the global consensus on crimes against humanity.

Anonymity allows for victims to be tarred, wholesale, as a threatening group of humans — drug addicts or dealers whose numbers are so large they require extermination as vermin — and consigned to a collective image of a scourge on society.

Typically, these are the poor. Their crimes are (also typically) misdemeanors. Only a few actual drug dealers were brought to punishment, and these and the rest of the cases are extrajudicial kills.

Moreover, the kills were deliberately made out to be pictures that horrify. In fact, maximum horrification. (And woefully, maximum stretch of language use to encompass terror.)

For Filipinos to agree, as a nation, to be terrified into submission to a rule and environment of extrajudicial killings, is to succumb to blindness to the staging, the performance of the terrifying.

And submission and blindness are only possible if the individual victims are not people, really, but a collectivity defined exclusively by the executioners and the source of orders to kill.

To many privileged Filipinos, even to the middle class, the poor are not people.

And when the president of the Philippines avowed that “drug addicts are not human,” the stage was set for impunity.

THE PROPOSITION
To be sure, the overt victims of Dutertean horror-making are individuals with lives to live — many, youth who merit presumption of hopefulness about better futures than the abject circumstances of their time of death.

But what constitutes crimes against humanity is more than their violent ends. Which, yes, indeed, can be or should be dealt within the Philippine criminal justice system.

The larger picture includes dehumanizing the poor and treating them as props to power-mongering, the staging of bodies for a years-long stretch of terrorizing images, the pressuring of the Filipino national community towards acceptance of a politics of fatal hatred, the parading of grisly executions in front of the global community of nations as a Filipino version of justice, and the appropriation of cultural explanation to rationalize validity for this form of madness.

All these are a single proposition to the world: that being human, at this point of human history, includes horror-making as a form of governance. That the victims are inconsequential humans, indeed non-humans.

That the state is entitled to exercise lethal power outside the legal system. That theater as governance can take the form of the theater of the macabre.

That being human includes the deadly irony that extrajudicial killings can be judicial for a “good” cause, which, in the Philippines under Duterte, was the false narrative of national salvation from narco-economics.

This proposition — snuff pornography writ large is a form of humanity — is a crime against humanity.

 

Marian Pastor Roces is an independent curator and critic of institutions. Her body of work addresses the intersection of culture and politics.

Analysts’ February inflation rate estimates

PHILIPPINE INFLATION may have hit its fastest pace in over a year as price pressures from higher costs of electricity, oil and rice pushed up the headline print in February, analysts said. Read the full story.

Mitsubishi Motors Philippines has produced 900K L300s

PHOTO FROM MITSUBISHI MOTORS PHILIPPINES CORP.

MITSUBISHI MOTORS Philippines Corp. (MMPC) recently marked a milestone with the local production of its 900,000th unit of the Mitsubishi L300. In a release, MMPC said this reinforces “the company’s long-standing commitment to operational excellence and quality manufacturing in the Philippines.”

The locally produced Mitsubishi L300 continues to be one of the most trusted commercial vehicles in the country, “supporting business continuity and economic activity across industries.”

MMPC said it achieved this milestone through the “consistent demand” for its locally assembled Completely Knocked Down (CKD) models “alongside ongoing kaizen activities implemented by its Manufacturing Division.” MMPC has worked on optimizing the production line, improving efficiency, and strengthening quality across all CKD units.

“The 900,000-unit production milestone of the Mitsubishi L300 reflects the dedication of our people and our commitment to continuous improvement in manufacturing,” said MMPC President and Chief Executive Officer of Ritsu Imaeda. “Through disciplined operations and teamwork across our organization, we have been able to sustain production excellence while delivering vehicles that our customers have relied on for many years.”

Known for durability and reliability, the Mitsubishi L300 has long been a dependable partner for small and medium enterprises, logistics providers, and fleet operators. “Its robust build and practical cargo capacity have made it well-suited for delivery operations and various business applications, helping support daily operations and long-term growth,” said MMPC. Its cost-efficient ownership further makes it a practical commercial vehicle choice. Designed to balance performance, durability, and operating efficiency, it continues to serve as a valuable asset for businesses seeking dependable transportation solutions.

MMPC maintains that as the L300’s production continues, “the company remains focused on strengthening its manufacturing capabilities, upholding quality standards, and supporting the evolving mobility needs of customers.”

German pork import regionalization scheme expected to be in place within three months

REUTERS

THE Department of Agriculture (DA) said it may soon allow pork imports from parts of Germany that are free from African Swine Fever (ASF) instead of blanket bans on all German pork once an outbreak is detected.

Agriculture Undersecretary for Livestock Constante J. Palabrica told reporters that Germany’s application for ASF regionalization could be completed and approved within the next three months.

Mr. Palabrica said Germany first applied for regionalization status two years ago, but the process has been slow due to the rigorous document review conducted by the Bureau of Animal Industry (BAI).

“We require a lot of paperwork and are very strict with the documents. That’s why Germany has yet to be given regionalization status,” he said on the sidelines of the International Farmers Summit in Pasay City.

Mr. Palabrica said delays often stem from slow responses from Germany.

Last year, the DA formally adopted ASF regionalization rules, under which pork products must originate from ASF-free regions, be transported in sealed vehicles directly to approved slaughterhouses, and pass both ante- and post-mortem inspections.

German pork imports were first suspended in 2019 after meat from ASF-affected Poland was found in German shipments.

A subsequent ban was enforced in 2020 after Germany reported its first official ASF case in a wild boar.

Live swine must also come from ASF-free zones, show no clinical signs of infection, and avoid restricted areas during transport.

Once the application is cleared, both countries must sign a bilateral agreement outlining specific animal health requirements.

Other major exporters like Poland, Russia, and Canada have obtained regionalization approval from the Philippines. — Vonn Andrei E. Villamiel

Maynilad pauses Teresa water treatment plant project

MAYNILADWATER.COM.PH

WEST ZONE concessionaire Maynilad Water Services, Inc. has temporarily put on hold its plan to build a water treatment plant in Teresa, Rizal, while exploring alternative locations to improve efficiency.

“Initially, the plan was to build the Teresa treatment plant to get water from Kaliwa Dam. We’ve shelved it for now [and] we plan to relocate it within our concession,” Maynilad Chief Operating Officer Jaime T. Lichauco told reporters last week.

He said that relocating the project within its concession area would be “more efficient” and ensures lower non-revenue water (NRW), or the water lost and not billed to customers due to leaks and illegal connections.

Maynilad President and Chief Executive Officer Ramoncito S. Fernandez said that the proposed water treatment plant may be completed within three to four years.

“It’s in our business plan to build another water source. So, it’s more of relocating the Teresa plant down to inside our concession to avoid additional non-revenue water,” Mr. Fernandez said.

The company previously earmarked around P30 billion as capital expenditure budget to build the water treatment plant that will produce a capacity of 300 million liters per day of potable water.

The facility is initially designed to draw water supply coming from the Kaliwa Dam located across Rizal and Quezon provinces, which is intended to ease the demand on the Angat Dam.

The P15.3-billion Kaliwa Dam project is on track for completion by 2028, according to the latest update from the Metropolitan Waterworks and Sewerage System.

Meanwhile, Mr. Fernandez said that tapping desalination — a technology that provides potable water by removing salt and other impurities from seawater to produce freshwater — as an alternative water source is still on the table for the company but not in the near term.

“Maybe not near term, but we have started looking at it way back. There are concrete opportunities for us to go for desalination specifically in adjacent areas in Manila Bay,” he said.

If pursued, the company plans to tap foreign expertise for the development of a desalination plant.

Maynilad serves Manila, except portions of San Andres and Sta. Ana. It also operates in Quezon City, Makati, Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, and Malabon. It also supplies the cities of Cavite, Bacoor, and Imus, and the towns of Kawit, Noveleta, and Rosario, all in Cavite province.

Metro Pacific Investments Corp., which has a majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

Stemming the obesity epidemic among Filipino children

FREEPIK/JCOMP

More than one billion people worldwide are living with obesity today. In 2025 alone, an estimated 543 million children and adolescents were overweight or obese. By 2035, projections suggest that nearly half of the global population — around four billion people — may be overweight or obese.

These are not just abstract statistics. They represent children whose health, confidence, and future productivity may already be compromised.

An overweight or obese child is more likely to experience stigmatization, bullying, low self-esteem, depression, and anxiety. The psychological burden can be as damaging as the physical one. Beyond the playground, childhood obesity also carries enormous long-term costs in terms of future healthcare expenditure and lost income.

Because childhood obesity often persists into adulthood, millions of children are at heightened risk of developing serious non-communicable diseases (NCDs) such as type 2 diabetes, cardiovascular disease, fatty liver disease, and certain cancers later in life. Globally, NCDs attributable to overweight and obesity contribute to approximately 1.7 million premature deaths annually. The broader economic toll is staggering: the projected global impact of people being overweight and obese is estimated to reach $3.23 trillion by 2030. The World Obesity Federation underscores these urgent realities as it leads the observance of World Obesity Day on March 4. High Body Mass Index (BMI) is not merely a cosmetic concern as it is a major risk factor for ischemic heart disease, stroke, type 2 diabetes, cancers, liver and kidney disease, musculoskeletal disorders such as osteoarthritis and chronic back pain, and even neurological and mental health conditions.

Obesity is no longer a distant or “Western” problem. It is here.

In the Philippines, 40% of adults, 13% of adolescents aged 10 to 19, and 14% of children aged five to 10 are overweight or obese. Four of the five leading causes of death in the country are NCDs — ischemic heart disease, cancers, cerebrovascular disease, and diabetes mellitus — all strongly associated with unhealthy weight.

The economic consequences are equally alarming. In 2019, the cost of overweight and obesity in the Philippines was estimated at $5.06 billion (around P300 billion), equivalent to 1.3% of gross domestic product (GDP). By 2030, this figure is projected to more than double to $11.71 billion, or 4.45% of GDP.

Behind these numbers are Filipino families facing mounting healthcare expenses, lost workdays, and diminished quality of life.

A major driver of the global obesity epidemic is the growing consumption of ultra-processed foods (UPFs). These products undergo multiple industrial processes designed to enhance taste, convenience, and shelf life. They are often energy-dense, high in unhealthy fats, refined starches, free sugars, and salt, and low in fiber and essential nutrients.

If a packaged product contains a long list of ingredients rarely used in home kitchens such as emulsifiers like polysorbates, flavor enhancers, artificial sweeteners, or high-fructose corn syrup, it is likely ultra-processed.

Beyond contributing to weight gain, UPFs are associated with increased risks of cardiovascular disease, type 2 diabetes, and certain cancers. Their aggressive marketing, particularly to children, combined with easy availability and affordability, makes them a powerful force shaping dietary habits from a young age.

Preventing childhood obesity requires integrated, multi-stakeholder strategies that address not only individual choices but also the environments in which those choices are made. The National Nutrition Council, under the Department of Health, is working with partners such as UNICEF and the World Health Organization to advocate for stronger policies. These include clearer front-of-pack labeling, restrictions on marketing unhealthy food and beverages to children, and healthier food standards in schools. The Department of Education, through its School-Based Feeding Program, provides nutritious meals to undernourished learners in public schools. Health and nutrition education are integrated into the K-12 curriculum, teaching students about balanced diets, physical activity, and healthier lifestyle choices. Schools are also encouraged to limit junk food and promote healthier canteen offerings.

But policy alone is not enough.

Obesity must be recognized and treated as a chronic, relapsing disease and not simply a failure of willpower. Integrating obesity prevention and management into primary care is critical. This includes routine screening, counseling, behavioral interventions, and when appropriate, access to evidence-based treatments.

The private sector also has a vital role. Employers can promote workplace wellness programs. Food manufacturers can reformulate products to reduce sugar, salt, and unhealthy fats. The innovative pharmaceutical industry continues to invest in research and development to expand treatment options for people living with obesity and related NCDs, while working with stakeholders to improve access and strengthen health systems.

World Obesity Day is not merely about raising awareness.

If we fail to address childhood obesity today, we risk normalizing early-onset diabetes, heart disease in midlife, and mounting economic strain on families and the healthcare system. But if we act decisively — through smarter policies, healthier food environments, strengthened primary care, and collaborative partnerships — we can alter the trajectory. Stemming the obesity epidemic among Filipino children is not only about reducing numbers on a scale. It is about safeguarding their health, protecting their dignity, and securing a more productive and resilient future for the nation.

 

Teodoro B. Padilla is the executive director of Pharmaceutical and Healthcare Association of the Philippines, which represents the biopharmaceutical medicines and vaccines industry in the country. Its members are at the forefront of developing, investing and delivering innovative medicines, vaccines, and diagnostics for Filipinos to live healthier and more productive lives.

Style (03/02/26)


Robinsons Department Store marks Women’s Month

IN CELEBRATION of Women’s Month, Robinsons Department Store is holding a Leading Ladies Sale that offers selected items for up to 70% off from March 1 to April 15. On Women’s Day, March 8, shoppers will get P200 off on a minimum purchase worth P3,000, and on Women’s Wednesdays, from noon to 3 p.m., shoppers get an additional 10% off on purchases worth a minimum of P2,000.


Lazada kicks off 3.3 Pasabog Sale

LAZADA Philippines announces its upcoming 3.3. Pasabog Sale, running from 8 p.m. on March 2 to March 5. The campaign offers up to 90% off LazFlash Deals, up to P2,000 in vouchers, and exclusive offers across top categories, while reinforcing Lazada’s commitment to authentic products through LazMall. Participating global labels include Carote, LocknLock, Decathlon, and Torras. Participating brands are offering campaign-only promotions, curated bundles, and limited-time discounts designed specifically for the 3.3 sale period. Lazada’s Membership Program offers customers added perks. During the 3.3 Pasabog Sale, Platinum members can enjoy exclusive deals, select promotions, and additional savings opportunities across participating categories. To support smarter spending, Lazada also features installment payment plan options for select items in high-impact categories such as electronics, appliances, and home essentials. Shoppers can choose eligible products, proceed to checkout, and select an available installment option from Lazada’s supported payment partners, allowing them to spread payments over manageable periods instead of paying the full amount upfront.


Private fashion show, book talk set for Love, Marina

FAR EASTERN UNIVERSITY (FEU), in partnership with Tesoros, will hold a by-invitation only book talk and fashion presentation for the coffee table book Love, Marina on March 3 at Tesoros Makati. Love, Marina pays homage to pioneering designer Marina Reyes Antonio. The book is by her granddaughter Vicky Veloso-Barrera and edited by Thelma San Juan. The book honors the designer’s sense of style, meticulous attention to detail, and ingenious innovations that shaped generations of women’s fashion. Both a visual inspiration and a practical guidebook, it captures treasured memories from family, friends, and clients, weaving together personal recollections with archival images. Marina Reyes Antonio, who began her career in the 1930s, belonged to a pioneering generation of women designers. Her love of Filipiniana was expressed through masterful construction, delicate hand-rolled floral embellishments, and fine hand painting. Love, Marina is available for purchase through TAMS Bookstore at TamsBookstore@feu.edu.ph and at Tesoros along A. Arnaiz Ave. in Makati City.


COS unveils Spring/Summer 2026 campaign

COS has unveiled its Spring/Summer 2026 campaign fronted by actors Alexander Skarsgård and Park Gyuyoung, and models Vittoria Ceretti and Taemin Park. A refined palette of grounded neutrals shapes the collection, with head-to-toe monochromatic looks taking center stage. Surface texture adds depth and dimension, from supple leather and croc-effect finishes to breathable linens. Heritage references emerge through pinstripes and herringbone, grounding the collection in tradition while reinforcing a modern sensibility. Drawing on the effortless elegance of 1980s styling, the collection is defined by set dressing, statement outerwear, and refined layering pieces. Tailoring sits at the core, with classic codes reimagined through contemporary volume and proportion; strong shoulders and high necklines, and fluid silhouettes. Outerwear anchors the collection. Trench coats lead, featuring an oversized silhouette with a waist-defining belt. Menswear adds a herringbone Balmacaan coat, while a butter-soft leather aviator jacket is elevated with a stand collar and concealed fastenings. Utility and sportswear references appear in a jacket with oversized flap pockets. In womenswear, dresses introduce softness and movement, offsetting the tailored foundation with fluid silhouettes defined by crinkled textures and lingerie-inspired detailing. Shirting is elevated through delicate ruffles. The COS Spring Summer 2026 collection will be presented at an off-schedule show in Seoul, South Korea on March 25 and will be streamed live on COS channels.


Boggi Milano talks summer

FOR Spring/Summer 2026, Italian men’s clothing brand Boggi Milano returns to its roots with a marketing campaign, “La Vacanza,” that captures the idea of escape and connection. Items include lightweight jackets, linens, soft cottons, and hues that evoke sand, sea, and open skies. In the Philippines, Boggi Milano is exclusively distributed by Stores Specialists, Inc., and is available at the Greenbelt 5 Mall and Rustan’s Makati in Makati City.

January trade gap narrows to $4.05 billion

The country’s trade-in-goods deficit narrowed by 17.8% year on year in January as exports growth moderated while imports declined, the Philippine Statistics Authority reported on Friday. Read the full story.

BSP securities fetch lower rates

THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities continued to fetch lower rates on Friday as demand for the papers stayed strong.

Total bids for the 28-day BSP bills reached P80.146 billion, higher than the P70 billion auctioned off and the P77.838 billion in tenders for the same offer volume in the previous auction.

As a result, the bid-to-cover ratio climbed to 1.1449 times from the 1.112 ratio recorded the previous week.

With this, the central bank made a full award of its offering.

Accepted yields were from 4.35% to 4.529%, lower and narrower than the 4.38% to 4.58% band logged a week earlier. This caused the average rate of the one-month securities to fall by 4.43 basis points to 4.4496% from 4.4939% in the prior week.

“The 28-day BSP bill rate declined further,” the central bank said in a statement on Friday.

“The BSP maintained the offer volume at P70 billion, while tenders reached P80.1 billion, resulting in a bid-to-cover ratio of 1.14x,” it added.

The BSP has not auctioned off the 56-day bills since Nov. 3.

The central bank uses the BSP securities and its term deposit facility to mop up excess liquidity in the financial system and to help guide short-term market yields towards its policy rate.

BSP Deputy Governor Zeno Ronald R. Abenoja earlier said that the central bank has reduced its issuance of short-term papers to enhance monetary policy transmission and encourage banks to better manage their liquidity. 

Data from the BSP showed that around 50% of its market operations are done through its short-term securities.

As of mid-November 2025, the central bank’s monetary operations have siphoned off P1.5 trillion in liquidity from the market. Of this, 42.4% was absorbed through BSP securities, 34.6% from overnight reverse repurchase agreements, 17.6% via the overnight deposit facility, and 5.4% through the term deposit facility.

The BSP bills also contribute to improved price discovery for debt instruments while supporting monetary policy transmission.

The central bank began auctioning off short-term securities weekly in 2020, initially offering only a 28-day tenor and adding the 56-day bill in 2023. — Katherine K. Chan

How PSEi member stocks performed — February 27, 2026

Here’s a quick glance at how PSEi stocks fared on Friday, February 27, 2026.