Peso ends higher in cautious trade amid war, BSP rate bets
THE PESO strengthened versus the dollar on Monday in cautious trading as markets monitored developments between the United States and Iran and before the...
PSEi up on bargain hunting as ME war continues
PHILIPPINE STOCKS advanced on Monday as investors picked up bargains and with markets still on edge as the Middle East (ME) war continues amid...
Poll: Slight majority sees BSP rate hike
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to raise interest rates for the first time in more than two years as inflation...
IMF sees Philippine recovery by early 2027 if oil shocks are short-lived
WASHINGTON, D.C. — The Philippines could regain its economic momentum later this year or by early 2027 if the energy shocks prove temporary and the local investment climate improves, the International Monetary Fund (IMF) said.
NG debt service bill surges in February
THE NATIONAL Government’s (NG) debt service bill surged more than sixfold in February, mainly due to a massive increase in domestic amortization, data from the Bureau of the Treasury (BTr) showed.
Philippines, Canada to finalize text for FTA in July
THE DEPARTMENT of Trade and Industry (DTI) is looking to finalize the text for the Philippines’ free trade agreement (FTA) with Canada by its third round of negotiations in July.
Peso may be range-bound as traders eye US-Iran negotiations, BSP meet
THE PESO could continue to move in a tight range against the dollar this week as markets continue to watch developments in the Middle...
US-Iran conflict to keep market sentiment wary
PHILIPPINE SHARES may move sideways this week as investors continue to await news of progress in negotiations between the United States and Iran as...
PHL crisis response must stay targeted amid thin fiscal buffers, says IMF
By Katherine K. Chan, Reporter
WASHINGTON, D.C. — The Philippines' response to the Middle East war-driven energy crisis should remain time-bound and targeted to help...
Philippines, US to build industrial hub to strengthen supply chain security
MANILA — The United States and the Philippines will build a 4,000-acre (1,620 hectares) industrial hub after Manila joined a Washington-led initiative to secure...
IMF says Philippines faces ‘difficult situation’ as Mideast energy shocks weigh on growth
WASHINGTON, D.C. — The Philippines is facing a difficult situation as its heavy reliance on oil imports tests its economic resilience amid the ongoing energy crisis from the Middle East war, the International Monetary Fund (IMF) said.
Marcos allows up to 40% foreign ownership in small retailers
PRESIDENT Ferdinand R. Marcos, Jr. has eased foreign investment rules for retail trade by allowing overseas investors to own as much as 40% of enterprises with paid-up capital of less than P25 million, under the Philippines’ 13th Regular Foreign Investment Negative List (RFINL).