Your Morning Fix

• The US headline consumer price index (CPI) rose 0.2% in January, below the Bloomberg consensus of 0.3%. On a year-on-year basis, CPI headline inflation eased 2.4%, keeping the Federal Reserve on track to cut interest rates this year.
• The Social Security System’s net profit rose 58.4% to PHP 142.97 billion in 2025, with its reserve fund exceeding the PHP 1-trillion mark.
• The National Telecommunications Commission set minimum asset requirements, including a PHP 100‑million threshold for core network applicants, to regulate entrants under the Konektadong Pinoy Act.
• The Department of Agriculture expects rice import volumes to reach 150,000 metric tons (MT) per month in March and April, lower than the usual monthly average of about 400,000 MT, after importers agreed to scale back inbound shipments for the domestic harvest season.
• China’s new bank lending jumped to 4.71 trillion yuan in January from 910 billion yuan in December, but still falling short of expectations, as subdued credit demand continued to weigh on borrowing in the world’s second-largest economy.