Southeast Asian leaders seek strategy to ease impacts of Iran war
CEBU, Philippines — Southeast Asian leaders at a summit on Friday stressed an urgent need to coordinate their response to the impacts of the...
Nickel associations of Indonesia, Philippines sign agreement on nickel cooperation
JAKARTA — The nickel associations of Indonesia and the Philippines on Friday signed a memorandum of understanding on nickel cooperation, Indonesia's coordinating ministry of...
Philippines’ dollar reserves slide to 15-month low at end-April
By Katherine K. Chan, Reporter
The Philippines’ gross international reserves (GIR) fell to its lowest level in over a year as its foreign exchange holdings...
Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Niño brings soaring temperatures and...
Philippines gross foreign reserves slip to $104.1 billion by end-April
MANILA - The Philippines' gross foreign reserves dropped to $104.1 billion at the end of April, from $106.6 billion a month earlier, the central...
Oil shock drags Philippine GDP growth to 2.8%
THE Philippine economy grew by a weaker-than-expected 2.8% in the first quarter, the slowest pace since the pandemic, as the fallout from a corruption scandal and soaring oil prices triggered by the Middle East conflict dampened economic activity.
Philippines’ debt-to-GDP ratio hits 21-year high at end of March
By Justine Irish D. Tabile, Senior Reporter
THE National Government (NG) debt as a share of gross domestic product (GDP) rose to 65.2% at...
BSP says it may resort to ‘more drastic’ action if inflation expectations worsen
THE Bangko Sentral ng Pilipinas (BSP) may resort to “more drastic” action to tame inflation as rising rice prices and transport fares threaten to de-anchor inflation expectations, a senior official said.
Peso posts biggest one-day gain in a month on peace deal hopes
THE PESO jumped back to the P60-per-dollar level on Thursday, posting its largest one-day gain in nearly a month, as global crude oil prices...
PSEi jumps to three-week high on ME peace hopes
THE BENCHMARK INDEX returned to the 6,000 level on Thursday and hit a three-week high as sentiment turned positive on growing hopes for an...
Marcos faces crisis as fragile Philippines punished by oil shock
Philippine President Ferdinand Marcos Jr. is facing the country’s worst economic crisis since the pandemic as the energy shock unleashed by the Iran war...
Philippine growth unexpectedly slows in Q1 as inflation risks rise
Philippine growth unexpectedly slowed in the first quarter, leaving the country a laggard within the region and challenging policymakers trying to cool inflation and...