Energy regulator approves over P4-billion cost recovery for Meralco
CONSUMERS served by Manila Electric Co. (Meralco) will face higher electricity rates starting in September after the Energy Regulatory Commission (ERC) approved the recovery...
Peso climbs on hawkish signals from BSP chief
THE PESO strengthened anew against the dollar on Thursday, supported by hawkish signals from the Philippine central bank chief and amid continued market uncertainty...
PSEi ends flat amid hopes for Mideast peace talks
PHILIPPINE STOCKS ended flat on Thursday as the market stayed on the sidelines while awaiting developments in the Middle East conflict.
The Philippine Stock Exchange...
IMF chief says 12 or more countries seeking loans to cope with Middle East...
WASHINGTON — The International Monetary Fund expects at least a dozen countries to seek new loan programs to cope with surging energy prices and...
Remolona: BSP has room to tighten
WASHINGTON, D.C. — The Bangko Sentral ng Pilipinas (BSP) said it has room to raise policy rates as the National Government’s planned catch-up spending is expected to cushion the economy from a sharper slowdown amid the energy crisis.
Cash remittances hit 9-month low in February
MONEY SENT HOME by overseas Filipino workers (OFWs) fell to its lowest level in nine months in February, the Bangko Sentral ng Pilipinas (BSP) reported.
Pump prices may drop further next week — DoE
LOCAL PUMP PRICES may continue to decline next week based on early estimates, despite renewed upward pressure on global oil prices following the US blockade of Iranian ports, a Department of Energy (DoE) official said.
Emerging Asia needs ‘narrowly targeted’ policies vs energy shocks — IMF
WASHINGTON, D.C. — Policymakers in Emerging Asia markets such as the Philippines should implement “narrowly targeted” measures to weather current energy shocks from the Middle East war, the International Monetary Fund (IMF) said.
Uncertainty over war drags down peso
THE PESO slid back to the P60-a-dollar level on Wednesday due to uncertainty over the fate of the fragile ceasefire between the United States...
Shares rebound on optimism over US-Iran talks
PHILIPPINE STOCKS rebounded on Wednesday on optimism over a possible resolution to the Middle East conflict and as investors picked up bargains after the...
Philippines grants banks flexibility to extend loan payments amid energy crisis
MANILA - The Philippines will allow banks to give borrowers more time to settle their loans as part of a package of relief measures...
IMF downgrades Philippine growth to 4.1%
THE International Monetary Fund (IMF) now expects Philippine economic growth this year to fall far below the government’s target as the oil shock from the Middle East war adds to the impact of a graft scandal that stalled public spending.