ADB earmarks $4-B lending program for Philippines
THE Asian Development Bank (ADB) is earmarking $4 billion worth of loan financing for the Philippines this year to support development projects.
In a press...
PSEi drops as market awaits March inflation data
PHILIPPINE SHARES dropped on Tuesday ahead of the release of March inflation data and concerns over rising oil prices after an output cut by...
Peso rises as dollar drops on recession fears
THE PESO strengthened against the dollar on Tuesday as US manufacturing data stoked fears of a global recession and dragged the greenback down.
The local...
Inflation likely to have peaked after retreating in Feb. — Diokno
FINANCE Secretary Benjamin E. Diokno said Tuesday that inflation is likely to have peaked, after the 8.6% reading in February slowed from January’s 8.7%.
“In...
PHL, China preliminary joint energy exploration talks to start in May
THE PHILIPPINES and China will hold preparatory talks in May ahead of further expected discussions on joint oil and gas exploration in the South...
Notice issued of second green energy auction round
THE Department of Energy (DoE) said Tuesday that it posted a notice of auction (NoA) for qualified bidders interested in joining the second round...
Safeguard measures investigation initiated after surge in LPG steel cylinder imports
THE Department of Trade and Industry (DTI) said it has found adequate evidence to consider imposing safeguard duties on imported liquefied petroleum gas (LPG)...
March manufacturing growth slows
MANUFACTURING ACTIVITY in the Philippines expanded at its slowest pace in seven months in March despite strong demand, S&P Global said.
The S&P Global Philippines...
Budget gap widens in February as revenue collections decline
THE NATIONAL GOVERNMENT’S (NG) budget deficit slightly widened in February as revenue collection slipped and spending was flat, the Bureau of the Treasury (BTr) reported on Monday.
PHL told to use UN climate ruling to demand more from polluters
PHILIPPINE CLIMATE and good governance advocates urged the Marcos government to use the landmark United Nations (UN) ruling asking the world’s top court to clarify states’ obligations regarding climate change in demanding more action from top polluters.
Peso weakens against the dollar after surprise OPEC+ production cut
THE PESO weakened against the dollar on Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a surprise oil...
Stocks climb on improving sentiment, PMI data
PHILIPPINE STOCKS climbed on Monday in thin trade as improved sentiment overseas spilled over to the local market and amid positive manufacturing data.
The benchmark...