Peso nears record low as inflation picks up
THE PESO weakened to a fresh one-month trough against the dollar on Tuesday to close just a shade higher than its record low as...
PSEi surges to 6,300 level as blue chips rally
THE PHILIPPINE stock benchmark jumped to a near five-month high on Tuesday as blue chips jumped and after the Bangko Sentral ng Pilipinas (BSP)...
Jollibee plans a US listing of its international business
(UPDATE) Shares of Jollibee Foods Corp. jumped the most in more than five years after it announced plans to spin off its international business...
Philippine annual inflation picks up to 1.8% in December
MANILA - Philippine annual inflation was 1.8% in December, above the previous month's 1.5% rate, the statistics agency said on Tuesday.
Economists in a Reuters...
PHL trims 2026, 2027 growth goals
THE PHILIPPINE government lowered its economic growth targets for this year and 2027, with the impact of the corruption scandal still expected to be...
Marcos vetoes P92.5-billion in unprogrammed funds in 2026 budget
PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday signed this year’s P6.793-trillion national budget but vetoed around P92 billion worth of unprogrammed appropriations amid heightened scrutiny over public spending as authorities probe a graft scandal.
Global trade tensions pose risks to Philippine manufacturing sector
THE Philippine manufacturing sector may face headwinds from increasing global trade tensions that could weaken overseas demand this year, S&P Global said.
Top 1,000 companies in the Philippines post P19.51-trillion gross revenues in 2024
THE TOP 1,000 corporations in the Philippines weathered economic shocks in 2024 as their balance sheets remained stable despite geopolitical tensions and subdued global demand.
Peso slides to near one-month low on flight to safety amid Venezuela turmoil
THE PESO dropped to a near one-month low on Monday, sinking back to the P59 level, as players flocked to safer assets following the...
Stocks climb on expectations of slower inflation
PHILIPPINE SHARES extended their climb on Monday on expectations of slower headline inflation in December and as bargain hunting continued.
The Philippine Stock Exchange index...
Philippine government cuts growth targets until 2027
The Philippines trimmed its economic growth targets until 2027, after growth likely slowed to about 4.8% to 5% this year, according to Economy Secretary Arsenio M. Balisacan.
Marcos signs P6.79-T budget, vetoes P92.5B in unprogrammed funds
Philippine President Ferdinand R. Marcos, Jr. on Monday signed this year’s P6.793-trillion national budget but vetoed almost P100 billion worth of unprogrammed appropriations amid heightened scrutiny over public spending as authorities probe a graft scandal.