Remolona open to an off-cycle rate hike
Philippine central bank Governor Eli M. Remolona said he’s open to an unscheduled interest-rate hike before the November meeting, doubling down on his hawkish...
House passes bill overhauling mining tax system
THE HOUSE of Representatives on Tuesday approved a bill that overhauls the tax system for mining, which the government said will be simplified to...
BSP chief says no need to hike rates if no further supply shocks
There is no need for the Philippine central bank to raise interest rates if there are no further supply shocks like those seen in...
Marcos: Philippines, Korea signed FTA
The Philippines and South Korea have signed a free trade agreement (FTA), President Ferdinand R. Marcos, Jr. said on Thursday, as his government seeks...
Philippines inflation unexpectedly quickens to 5.3% in August
MANILA - Philippine inflation proved stubborn after it unexpectedly quickened for the first time in seven months in August, due largely to an uptick...
Philippines central bank chief says policy easing not on radar screen
MANILA - Easing monetary policy is not on the Philippine central bank's radar screen given upside risks to inflation, its governor said on Tuesday.
Bangko...
Magnitude 5.4 earthquake strikes Mindanao
MANILA - An earthquake of magnitude 5.4 struck Mindanao, Philippines, the German Research Centre for Geosciences (GFZ) reported on Wednesday.
The quake was at a...
Senate approves bill creating the Maharlika fund
By Beatriz Marie D. Cruz, Reporter
THE Philippine Senate on Wednesday approved on third and final reading a bill seeking to create a sovereign wealth...
Philippines Q1 GDP slows to 6.4%, but faster than forecast
MANILA - The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said on Thursday, topping expectations.
On a...
Power outage cancels flights at Manila’s international airport
The international airport at the Philippines' capital Manila experienced a power outage on Monday in one of its terminals which led to about forty flights being canceled, the airport said.
"Flight delays are expected due...
Metro Pacific plans delisting from stock exchange
MANILA - Philippine infrastructure conglomerate Metro Pacific Investments Corp said on Thursday its top shareholders will offer to buy out minority stockholders and conduct...
Philippine inflation eases for 2nd month, backs case for rate hike pause
MANILA - Philippine annual inflation eased for a second consecutive month in March on slower rises in food and transport costs, data showed on...