JP Morgan cuts emerging market FX view on overcrowding worries
LONDON - JP Morgan's strategists cut the bank's view on emerging market currencies to 'market weight' from 'overweight' on Monday, saying short-term positioning was...
Philippines discovers ‘significant’ natural gas reserve at Malampaya East-1
THE PHILIPPINES has made its first major natural gas discovery in more than a decade, a development that could strengthen domestic energy supply and support rising power demand, President Ferdinand R. Marcos, Jr. said on Monday.
IMF sees slower Philippine growth amid graft scandal, global shocks
THE PHILIPPINE ECONOMY may expand slower until next year as global uncertainties and the local corruption controversy continue to drag growth, the International Monetary...
Foreign debt service bill falls nearly 23% at end-October
THE PHILIPPINES’ debt service on foreign loans went down by about 23% year on year at end-October as principal and interest payments fell, the Bangko Sentral ng Pilipinas (BSP) reported.
Peso drops on US tariff threats
THE PESO slid against the dollar on Monday as fresh tariff threats from the United States dented risk sentiment.
The local unit closed at P59.44...
PHL shares drop further on last-minute selling
PHILIPPINE STOCKS declined further on Monday as investors pocketed their profits from the market’s recent climb, and with geopolitical concerns and a weak peso...
Planning starts for ASEAN energy cooperation — DoE
THE Department of Energy (DoE) said Southeast Asian energy officials are set to start setting priorities for regional energy collaboration.
As the 2026 chairman of...
Gov’t reforms to yield ‘modest results’ without overhauling governance
THE government’s proposed “big, bold reforms” will probably yield only modest results if governance issues that enable corruption are not addressed, a former central...
P95-M processing facility seen improving quality of rice, farmer incomes in Antique
THE Department of Agriculture (DA) said a newly completed P94.8-million rice processing facility in Hamtic, Antique will improve rice quality in the province.
In a...
BFAR enhancing tracing systems to boost fish catch sustainability
THE Bureau of Fisheries and Aquatic Resources (BFAR) said it will roll out a series of programs between March and November to enhance the...
Customs single window expected to raise exporter competitiveness
THE Bureau of Customs’ National Single Window-Integrated Trade Facilitation Platform (NSW-ITFP) will allow exporters to better compete within the region by lowering costs and...
Philippine banks’ NPL ratio eases in November
THE PHILIPPINE BANKING system’s gross nonperforming loan (NPL) ratio eased at end-November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.