S&P cuts Philippines outlook to ‘stable’ amid rising risks from Middle East conflict
S&P Global Ratings cut its outlook on the Philippines to “stable” from “positive,” citing the impact of the energy crisis on the country’s external and fiscal positions.
BSP: Inflation risks growing sharply
THE BANGKO SENTRAL ng Pilipinas (BSP) said inflation risks have “significantly” grown after consumer prices sharply accelerated in March amid the oil crisis.
World Bank slashes PHL growth forecast to 3.7%
THE WORLD BANK slashed its growth forecast for the Philippines to 3.7% this year, well below the government’s target, as the war in the Middle East weighs on economic activity.
Infrastructure spending slumps in December
INFRASTRUCTURE SPENDING slumped by an annual 28% in December as tighter controls remained in place amid the corruption scandal, the Department of Budget and...
Peso surges on US-Iran ceasefire deal
THE PESO jumped to the P59-a-dollar level on Wednesday, logging a near one-month high after Iran agreed to a two-week ceasefire with the United...
Philippines’ dollar reserves fall to 7-month low in March
THE PHILIPPINES’ dollar reserves fell to a seven-month low at end-March as its gold holdings and foreign investments declined, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Shares jump to one-month high on US-Iran deal
PHILIPPINE SHARES advanced on Wednesday to a near one-month high, joining a global relief rally across risk assets after the United States and Iran...
Inflation risks rise after target breach in March — BSP
The Bangko Sentral ng Pilipinas (BSP) said inflation risks have “significantly” grown after consumer prices rose faster than expected in March amid the oil...
Trump agrees to two-week ceasefire with Iran, dropping threat to destroy ‘whole civilization’
DUBAI/JERUSALEM/WASHINGTON - US President Donald Trump on Tuesday agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran...
Oil shock brings inflation to 4.1%
FASTER PRICE INCREASES in fuel, electricity and food including rice, drove Philippine inflation past the Bangko Sentral ng Pilipinas’ (BSP) target for the first time in nearly two years, the Philippine Statistics Authority (PSA) reported.
DoE: Oil prices unlikely to drop anytime soon
THE COUNTRY’S Energy chief does not expect oil prices to immediately rebound from recent sharp increases, citing extensive damage to energy infrastructure in the Middle East.
Budget deficit narrows to P171.2 billion in February
THE NATIONAL Government’s (NG) budget deficit narrowed to P171.2 billion in February after revenue growth outpaced expenditures, the Bureau of Treasury said.