Peso slides to record low P59.44:$1
THE PHILIPPINE PESO slid to a record low of P59.44 a dollar at Wednesday’s close, failing to sustain support seen late last year due to renewed demand for the greenback amid heightened geopolitical tensions.
World Bank projects Philippine growth above 5% until 2027
THE PHILIPPINE ECONOMY is projected to grow above 5% this year and in 2027, although governance concerns remain, the World Bank said.
The multilateral lender...
Tame Philippine inflation leaves room for BSP easing this year — HSBC
PHILIPPINE INFLATION may remain subdued over the next two years amid softer global commodity prices, allowing the Bangko Sentral ng Pilipinas (BSP) to ease...
Philippine banks’ loan growth steadies in Nov.
PHILIPPINE BANKS’ loan growth held steady in November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Outstanding loans of universal and commercial...
PHL stocks extend slide as peso hits record low
PHILIPPINE SHARES fell for a second session on Wednesday after the peso slid to a record low, weighing on investor sentiment.
Gov’t hikes salary, subsistence allowance for military and uniformed personnel
The Marcos administration is beefing up support for military and uniformed personnel (MUP) this year, rolling out higher base pay, increased subsistence allowances, and...
Philippines likely to be East Asia and Pacific region’s third fastest-growing economy until 2027
The Philippines is projected to be the third fastest-growing economy in the East Asia and Pacific region this year and in 2027, according to...
Philippine FDI net inflows plunge nearly 40% in October
NET INFLOWS of foreign direct investments (FDI) into the Philippines plunged nearly 40% year on year in October, as foreigners’ net investments in debt instruments slumped.
Philippines inks FTA with UAE
THE PHILIPPINES and the United Arab Emirates (UAE) signed on Tuesday a landmark free trade agreement (FTA) which is expected to boost Philippine exports...
Philippines targets 4.3% of GDP for infrastructure spending this year
THE DEPARTMENT of Budget and Management (DBM) cut its infrastructure spending target to 4.3% of gross domestic product (GDP) this year from 5.1% previously, as a corruption scandal weighed on government spending and economic growth last year.
Solar Philippines faces P24-B penalties over terminated RE contracts
SOLAR PHILIPPINES Power Project Holdings, Inc. is facing P24 billion in fines for its failure to deliver nearly 12,000 megawatts (MW) of renewable energy...
Peso weakens further on geopolitical risks
THE PESO weakened further on Tuesday to end near its record low following fresh tariff threats from US President Donald J. Trump and rising...