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.
Poll: Inflation further eased in Dec.
HEADLINE INFLATION may have eased to a five-month low in December amid the continued drop in rice prices and cheaper electricity costs, which likely brought full-year inflation well below the target, analysts said.
BoI approves P1.56 trillion in investments in 2025
THE BOARD of Investments (BoI) said it has approved a total of P1.56 trillion in investments in 2025, registering the second-highest level of investment...
Rice farmers in the Philippines face more pressure as imports resume
FILIPINO RICE FARMER Elvira C. Fadriquelan knew the numbers would not work long before she sold her wet-season harvest in October.
Debt service bill falls in Nov. — BTr
THE NATIONAL Government’s (NG) debt service bill slipped in November amid a sharp drop in amortization payments, the Bureau of the Treasury (BTr) said.
Peso may trade sideways before key PHL, US data
THE PESO is expected to trade sideways against the dollar this week as players await the release of key economic reports, including Philippine inflation...
PSEi may rise further before inflation, labor data
SHARES may continue to climb this week on bargain hunting and as investors await the release of Philippine inflation and labor data.
On Friday, the...
No quick wins in tapping Venezuela’s oil reserves
MIAMI — Venezuela is unlikely to see any meaningful boost to crude output for years even if US oil majors do invest the billions...