DBCC to make fuel excise recommendation next week
THE Development Budget Coordination Committee (DBCC) is set to meet next week to formalize its recommendation to President Ferdinand R. Marcos, Jr. on action...
Palace weighing all options after Balisacan calls wealth tax ‘complex’
MALACAÑANG said all policy options remain on the table after Economy Secretary Arsenio M. Balisacan warned about the administrative burden of implementing a wealth...
LPG suppliers say stocks adequate but prices set to rise P330 per tank
STOCKS of liquefied petroleum gas (LPG) are adequate, but suppliers said prices are set to jump by at least P330 for an 11-kilogram (kg)...
Fuel suppliers awaiting clarification after paying excise on current stocks
FUEL SUPPLIERS said they have already paid excise tax on current inventory and are awaiting clarity on how the impending excise tax suspension or reduction will be carried out.
Stocks sink as uncertainty weighs on markets
PHILIPPINE SHARES retreated on Thursday as investors cashed in on the market’s two-day climb and amid continued uncertainty over the conflict in the Middle...
Marcos says Philippine oil supply secure beyond 45 days
PRESIDENT Ferdinand R. Marcos, Jr. said the Philippines has secured enough fuel supply to last beyond 45 days despite disruptions caused by war in the Middle East, as the government scrambles to line up alternative sources and ensure existing contracts are fulfilled.
Philippines most at risk of fertilizer supply shock in Southeast Asia
THE PHILIPPINES faces the highest exposure to fertilizer price and supply risks in Southeast Asia due to its heavy reliance on imports and vulnerability...
S&P hikes Philippine growth forecast but oil crisis poses risks
A GRADUAL RECOVERY in investments and robust technology exports could drive Philippine economic growth to 5.8% this year, although the ongoing oil crisis poses a crucial risk, S&P Global Ratings said.
Surging fuel prices seen driving demand for EVs
SOARING FUEL COSTS are expected to further accelerate demand for electric vehicles (EV) in the Philippines this year, with sales projected to post double-digit growth, analysts said.
Peso slides as Iran war drags on
THE PESO dropped back to the P60 level versus the dollar on Wednesday as players awaited clarity on the supposed peace talks between the...
PSEi climbs above 6,000 line on cease-fire hopes
PHILIPPINE SHARES returned above the 6,000 line on Wednesday on hopes that the war in the Middle East would end soon as the United...
PHL power supply deemed adequate over dry season
THE PHILIPPINES will have adequate supplies of power during the dry season but thinning reserves make it vulnerable to power interruptions going forward, according to think tank Institute for Climate and Sustainable Cities (ICSC).