PHL shares may stay weak on economic worries
PHILIPPINE STOCKS may move lower this week as concerns over the Middle East war and its impact on the domestic economy continue to weigh...
Special safeguard measures loom for more farm imports
THE Department of Agriculture (DA) said it is seeking price-based special safeguard (SSG) measures on additional imported agricultural products, including frozen bovine meat, chicken...
$300-million ADB loan to support DoE rooftop solar, efficiency programs
THE Department of Energy (DoE) said it is hoping to tap a $300-million loan package from the Asian Development Bank (ADB) this year to...
Regulator lifts toll collection freeze for final segment of C5-Cavitex link
THE Toll Regulatory Board (TRB) said it lifted the temporary postponement of toll collection for Segment 3B of the Manila-Cavite Toll Expressway (Cavitex) C5...
Wholesale rice prices rise sharply in April
THE wholesale price of rice rose sharply year on year in April, according to preliminary data from the Philippine Statistics Authority (PSA).
The PSA said...
Oil shock drags Philippine GDP growth to 2.8%
THE Philippine economy grew by a weaker-than-expected 2.8% in the first quarter, the slowest pace since the pandemic, as the fallout from a corruption scandal and soaring oil prices triggered by the Middle East conflict dampened economic activity.
Philippines’ debt-to-GDP ratio hits 21-year high at end of March
By Justine Irish D. Tabile, Senior Reporter
THE National Government (NG) debt as a share of gross domestic product (GDP) rose to 65.2% at...
BSP says it may resort to ‘more drastic’ action if inflation expectations worsen
THE Bangko Sentral ng Pilipinas (BSP) may resort to “more drastic” action to tame inflation as rising rice prices and transport fares threaten to de-anchor inflation expectations, a senior official said.
Peso posts biggest one-day gain in a month on peace deal hopes
THE PESO jumped back to the P60-per-dollar level on Thursday, posting its largest one-day gain in nearly a month, as global crude oil prices...
PHL seen on track to enter top tier of WB’s B-Ready ranking by 2028
THE Anti-Red Tape Authority (ARTA) said the Philippines is poised to enter the top 20% of countries assessed by the World Bank’s (WB) Business...
Raising tax exemption threshold to create revenue hole — DEPDev
THE Department of Economy, Planning, and Development (DEPDev) said the proposed increase in the income tax exemption threshold will require Congress to find replacement...
BoI seeking UAE tech tie-ups for RE integration projects
THE Board of Investments (BoI) said it is looking to partner with tech firms in the United Arab Emirates (UAE) to integrate renewable energy...