BSP projects wider BoP, current account deficits
THE BANGKO SENTRAL ng Pilipinas (BSP) expects the country’s balance of payment (BoP) position to swing to a deficit this year, as well as post a wider current account deficit, largely due to global trade volatilities.
Strong growth to support Philippine banking sector — Fitch Ratings
THE PHILIPPINE banking system’s credit profile will likely remain stable on the back of the country’s strong macroeconomic fundamentals, Fitch Ratings said.
“Fitch Ratings...
Peso may breach P60:$1 amid ‘unpredictable’ Trump policies
THE PESO may hit a record low of P60 against the US dollar this year amid heightened uncertainty arising from US President Donald J....
Moody’s unit cuts PHL growth outlook
MOODY’S ANALYTICS trimmed its economic growth forecasts for the Philippines to below 6% for this year and 2026, reflecting the impact of uncertainties arising...
PHL financial system remains resilient but faces ‘moderate’ risks
THE COUNTRY’S financial sector is seen to remain robust and is well-positioned to absorb shocks, the Bangko Sentral ng Pilipinas (BSP) said, but noted...
DTI confident PHL will not be affected by US tariffs
DEPARTMENT of Trade and Industry (DTI) Secretary Ma. Cristina A. Roque on Thursday expressed confidence the Philippines will not be affected by reciprocal tariffs to be imposed by US President Donald J. Trump.
Gov’t sets P735-billion local borrowing in Q2
THE NATIONAL GOVERNMENT is looking to borrow P735 billion from the domestic market in the second quarter, the Bureau of the Treasury (BTr) said...
SEC lowers public float for some IPOs
THE SECURITIES and Exchange Commission (SEC) is allowing an initial public float of 15% for some companies seeking to go public, but subject to “strict” criteria.
Philippines’ trade deficit narrows to $3.15 bln in Feb
MANILA - The Philippines' trade deficit fell to its lowest level in nearly four years in February as exports sustained their recent growth, although...
BSP warns of short-term refinancing risks
The Philippine central bank warned companies to avoid an excessive reliance on short-term funding that could leave them vulnerable when refinancing debt.
“While increased risk-taking...
Trade gap narrows to $3.16 billion in February
The Philippines’ trade-in-goods deficit narrowed in almost four years in February as exports eased while imports declined, the Philippine Statistics Authority (PSA) reported on...
ERC rushes power supply deals for electric co-ops
THE ENERGY Regulatory Commission (ERC) is ramping up the approvals of power supply agreements (PSAs) to minimize electric cooperatives’ (co-ops) exposure to the Wholesale...