PHL shares fall as inflation surge hits sentiment
STOCKS fell to the 5,800 level again on Tuesday as the quicker-than-expected April Philippine headline inflation and the continuing conflict in the Middle East...
Philippine manufacturing PMI shrinks for the first time in 5 months
PHILIPPINE FACTORY activity contracted for the first time in five months in April amid a sharp decline in new orders, S&P Global said on Monday.
Q1 growth likely still weak amid flood mess fallout, rising inflation
PHILIPPINE economic growth likely remained muted in the first quarter, weighed down by the lingering fallout from the flood control scandal and rising costs...
Philippines’ PPP pipeline reaches P3.16T, led by transport projects
THE PHILIPPINES’ pipeline of public-private partnership (PPP) projects has reached 252 with a combined value of P3.16 trillion, the government said.
Data from the Public-Private...
Oil firms to hike diesel, gasoline prices this week
MOTORISTS should brace for higher pump prices this week as fuel retailers pause rollbacks amid rising logistics and insurance costs due to the prolonged...
Peso drops as war risks persist
THE PESO declined anew versus the dollar on Monday as escalating tensions in the Strait of Hormuz despite the ceasefire between the United States...
BoC breaks April collection record with P86.4 billion
THE Bureau of Customs (BoC) said it collected P86.4 billion last month, a record for April which exceeded its monthly target.
In a statement on...
ADB allocates $70B for new energy and digital infrastructure
THE Asian Development Bank (ADB) said it will support new energy and digital infrastructure initiatives by 2035, setting aside $70 billion for the program.
“These...
Imported inputs seen as structural weakness for PHL agriculture
THE agriculture industry must shock-proof itself against external disruptions, with the Middle East war highlighting the risk of relying heavily reliance on imported inputs,...
BCDA taps Esyasoft Tech for battery storage project
STATE-RUN Bases Conversion and Development Authority (BCDA) has partnered with energy infrastructure firm PT Esyasoft Technologies Asia to deploy advanced energy systems, including battery...
Bargain-hunting, earnings push PSEi past 5,900
PHILIPPINE STOCKS advanced on Monday, returning above the 5,900 mark as investors took advantage of cheaper prices and reacted to positive corporate results while...
Poll: GDP growth likely slowed in Q1
THE Philippine economy likely lost momentum in the first quarter, weighed down by weak household purchasing power, subdued government spending, fragile business confidence, and rising global energy prices linked to the Middle East conflict, economists said.