Jobless rate drops to 2-month low
THE JOBLESS RATE slipped to a two-month low in February, as more Filipinos joined the labor force ahead of the summer season and midterm elections, the statistics agency said on Tuesday.
US tariffs, China slowdown cloud developing Asia’s growth outlook, says ADB
MANILA — The full implementation of US tariffs could cut developing Asia’s growth by about a third of a percentage point this year and...
BTr eyes at least P30B from new 10-year bonds
THE GOVERNMENT is looking to raise at least P30 billion through 10-year fixed-rate Treasury notes (FXTN) that it will start offering next week.
“This offering...
Hunger knocks on door as Philippine farmers vanish
LA UNION — Jerry M. Abat, 60, has been planting rice since he could walk.
Banks’ NPL ratio steady at 3.38% in Feb.
THE PHILIPPINE banking industry’s gross nonperforming loan (NPL) ratio remained steady in February, according to data from the Bangko Sentral ng Pilipinas (BSP).
Preliminary data...
ADB cuts Philippine growth forecast
THE ASIAN Development Bank (ADB) trimmed its gross domestic product (GDP) growth projection for the Philippines this year, though this still places it among the fastest-growing economies in Southeast Asia.
In stunning U-turn, Trump walks back some tariffs, triggering historic market rally
WASHINGTON - In a stunning reversal, US President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens...
ASEAN says it won’t impose retaliatory measures over US tariffs
KUALA LUMPUR — Southeast Asian countries are pressing for dialogue with the United States on trade tariffs and will not impose retaliatory measures, economic...
PHL urged to ramp up competitiveness amid Trump tariff reprieve
THE PHILIPPINES should boost efforts to improve its competitiveness in attracting investments amid the 90-day pause on US President Donald J. Trump’s higher reciprocal tariffs.
Moody’s Analytics trims PHL growth forecast on US tariffs
MOODY’S ANALYTICS trimmed its gross domestic product (GDP) forecast for the Philippines amid “weaker growth prospects” due to the impact of the US reciprocal...
PHL eyes tariff talks with USTR
THE PHILIPPINE government is willing to negotiate with the United States to lower the 17% tariff imposed on Philippine-made goods, according to Frederick D. Go, special assistant to the president for investment and economic affairs.
BSP resumes easing with 25-bp cut
THE BANGKO SENTRAL ng Pilipinas (BSP) cut borrowing costs by 25 basis points (bps) on Thursday and signaled further easing amid a “more challenging external environment.”