Peso may weaken as markets fear new infections
THE PESO may weaken this week as markets monitor a possible second wave of coronavirus disease 2019 (COVID-19) infections following the reopening of some economies and following a continued correction in oil prices.
PSEi drops to 5,900 level on tariff, BSP worries
PHILIPPINE SHARES declined further on Monday, with the main index falling below the 6,000 line anew, as uncertainty over the Trump administration’s planned tariffs...
Philippine wealth fund to prioritize energy projects
THE PHILIPPINE energy sector will take the bulk of the initial investments of the country’s first sovereign wealth fund, according to the head of...
NEDA rules out rice self-sufficiency policy on eve of tariffication
THE NATIONAL Economic and Development Authority (NEDA) ruled out the future pursuit of rice self-sufficiency by casting doubt on arguments for maintaining the policy as the government prepares to embark on a rice tariffication regime featuring more liberal imports by the private sector.
BoP position swings to $3.1-billion surplus in Feb.
THE PHILIPPINES’ balance of payments (BoP) position swung to a surplus in February, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Peso rises to six-month high after Fed rate cut
THE PESO strengthened to a six-month high against the dollar on Thursday after the US Federal Reserve began its easing cycle with a 50-basis-point...
Peso strengthens on rate hike bets
THE PESO rose against the dollar on Tuesday due to expectations of another rate hike by the Bangko Sentral ng Pilipinas (BSP) at their...
Thailand seeks to address hotel worker shortage by recruiting Filipinos
THE Department of Tourism (DoT) said Thailand is experiencing a shortage of hotel workers as demand in that industry recovers, and will seek to employ Filipinos to fill the gaps.
2026 budget proposal heads to Congress for deliberation
LAWMAKERS should avoid compromising the proposed P6.793-trillion national budget for next year through congressional insertions, which could undermine the Philippines’ fiscal consolidation efforts and hamper growth prospects, analysts said on Tuesday.
Miriam’s party vows support for Duterte daughter next year
THE POLITICAL party founded by the late Senator Miriam Defensor-Santiago has pledged support for Davao City Mayor and presidential daughter Sara Duterte-Carpio if she runs for President next year.
DoF: less pressure to put off oil tax hike
THERE MAY BE less pressure for the government to press on with its stated commitment earlier this week to put off an oil excise tax hike set in January amid signs that Dubai crude price -- Asia’s benchmark -- could in this final quarter average less than the $80 per barrel (/bbl) trigger price under the law for automatic suspension, the Department of Finance (DoF) hinted in a bulletin on Wednesday.
Stocks close lower on profit taking
Local shares snapped their five-day winning streak on Tuesday, July 31, after investors resorted to profit taking ahead of the United States’ Federal Reserve’s...