Philippines inks FTA with UAE
THE PHILIPPINES and the United Arab Emirates (UAE) signed on Tuesday a landmark free trade agreement (FTA) which is expected to boost Philippine exports...
Philippines targets 4.3% of GDP for infrastructure spending this year
THE DEPARTMENT of Budget and Management (DBM) cut its infrastructure spending target to 4.3% of gross domestic product (GDP) this year from 5.1% previously, as a corruption scandal weighed on government spending and economic growth last year.
Solar Philippines faces P24-B penalties over terminated RE contracts
SOLAR PHILIPPINES Power Project Holdings, Inc. is facing P24 billion in fines for its failure to deliver nearly 12,000 megawatts (MW) of renewable energy...
Peso weakens further on geopolitical risks
THE PESO weakened further on Tuesday to end near its record low following fresh tariff threats from US President Donald J. Trump and rising...
Stocks go down on profit taking before US data
PHILIPPINE STOCKS ended lower on Tuesday as investors pocketed their gains following the market’s three-day climb and awaited the release of key US data...
Why is the Philippine peso so weak and who benefits?
In early January, the Philippine peso slid to 59.38 per dollar — its weakest level on record. While it has since recouped some losses,...
Chito Sobrepeña, public servant and former Metrobank Foundation head, dies at 72
ANICETO "Chito" M. Sobrepeña, a former Cabinet Secretary who was also a long-time president of Metrobank Foundation, Inc. (MBFI), the corporate social responsibility arm...
Wage hike for domestic workers eyed
PHILIPPINE WAGE regulators opened talks on a possible increase in the minimum pay for domestic workers in Metro Manila, a move that could raise household costs for millions of families even as authorities grapple with weak compliance and uneven ability to pay.
Meralco rates go down in January
OVER EIGHT MILLION customers of Manila Electric Co. (Meralco) will see lower electricity bills this month as the power distributor announced a rate cut...
‘Tiis ganda no more?’ Filipinos’ digital patience may wane over time
FILIPINOS have the second-highest level of digital patience among seven Asia-Pacific countries, but this could shorten over time as more brands compete in the digital space, according to a US-based customer engagement platform Twilio.
Peso slips vs dollar as markets eye Fed policy path
THE PESO slipped against the dollar on Monday as markets keep a close eye on the US Federal Reserve, with data showing it could...
PSEi soars to 6,400 level on BSP rate cut hopes
THE MAIN INDEX soared to the 6,400 level on Monday to hit a near six-month high amid growing hopes for another rate cut from...