High prices dampen mom-and-pop store sales of alcohol, cigarettes
CIGARETTES and liquor sales by mom-and-pop neighborhood outlets, also known as sari-sari stores, declined last year due to increasing prices, according to tech startup...
Peso slips vs dollar as BSP resumes easing cycle
THE PESO slipped against the dollar on Thursday as players took positions following the Bangko Sentral ng Pilipinas’ (BSP) move to resume its easing...
Stocks climb as Trump pauses reciprocal tariffs
PHILIPPINE STOCKS climbed on Thursday as the United States suspended the implementation of most “reciprocal” tariffs it had imposed on its trading partners.
The benchmark...
ADB cuts Philippine growth forecast
THE ASIAN Development Bank (ADB) trimmed its gross domestic product (GDP) growth projection for the Philippines this year, though this still places it among the fastest-growing economies in Southeast Asia.
Banks’ NPL ratio steady at 3.38% in Feb.
THE PHILIPPINE banking industry’s gross nonperforming loan (NPL) ratio remained steady in February, according to data from the Bangko Sentral ng Pilipinas (BSP).
Preliminary data...
Hunger knocks on door as Philippine farmers vanish
LA UNION — Jerry M. Abat, 60, has been planting rice since he could walk.
BTr eyes at least P30B from new 10-year bonds
THE GOVERNMENT is looking to raise at least P30 billion through 10-year fixed-rate Treasury notes (FXTN) that it will start offering next week.
“This offering...
BSP rate cut hopes may support PHL shares’ rise
PHILIPPINE STOCKS could sustain their uptrend when trading resumes on Thursday as the Bangko Sentral ng Pilipinas (BSP) is widely expected to deliver a...
PHL urged to support Trump tariffs, leverage favored access to US market
THE GOVERNMENT has been slow in responding to the tariffs imposed by US President Donald J. Trump, an academic said, adding that the Philippines needs to support Washington’s reordering of the global trading system while positioning itself as a hub enjoying favored access to US markets.
Industrialization touted as best counter to US tariffs
THE PHILIPPINES needs to focus on developing industrial capacity and growing the domestic market for products which will face higher US tariffs, an economist said.
Design of Camarines Norte port serving wind farms approaching completion
THE Philippine Ports Authority (PPA) is currently finalizing the design for a port improvement project at a new site in Camarines Norte, which will...
ASEAN exploring joint response to US tariffs
TRADE Secretary Ma. Cristina A. Roque is set to meet her counterparts in the Association of Southeast Asian Nations (ASEAN) on Thursday to discuss...