BSP: Slow growth raises rate cut odds
THE PHILIPPINE ECONOMY will likely undershoot the target this year amid spending cuts and weak investor sentiment due to the graft scandal, increasing the possibility of further easing this month, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said.
Peso sinks to P59 level again as growth concerns hit sentiment
THE PESO on Thursday sank to the P59 level against the dollar, hitting an over two-week low, as expectations of another rate cut from...
PSEi sinks to 5,800 level before inflation report
THE MAIN INDEX on Thursday returned to the 5,800 level for the first time in two weeks as cautious sentiment reigned before the release...
ECCP: Trade, investment to rise in next 4 years
ABOUT EIGHT of 10 European companies operating in the Philippines expect trade and investment activity to increase over the next four years, the European Chamber of Commerce of the Philippines (ECCP) said, even as a corruption scandal involving flood control projects continues to weigh on investor sentiment.
Growth slump may drag until 2027 — Deutsche Bank
THE PHILIPPINES’ economic slowdown may extend through 2027, raising the odds of deeper monetary easing by the Bangko Sentral ng Pilipinas (BSP), according to Deutsche Bank Research.
Philippines cuts export targets as global risks deepen
THE PHILIPPINES has sharply lowered its export targets for this year until 2028 amid geopolitical tensions, renewed trade barriers, and persistent disruptions in major...
Senate OKs budget on 2nd reading
THE PHILIPPINE SENATE on Thursday approved on second reading the P6.793-trillion budget for 2026, slashing funds for the Public Works department and cutting deeply into unprogrammed appropriations as lawmakers confront intensifying public anger over corruption allegations in the government’s spending process.
Philippine inflation slows more than expected in November
MANILA — Inflation in the Philippines eased more than expected in November due to a decline in food prices, the statistics agency said on...
Peso may be range-bound as market eyes Fed, BSP reviews
THE PESO is expected to move sideways against the dollar this week ahead of expected rate cuts by both the US Federal Reserve and...
Stocks rebound on slower-than-expected CPI
PHILIPPINE STOCKS rose on Friday to return to the 5,900 level as slower-than-expected November inflation helped improve market sentiment.
The Philippine Stock Exchange index (PSEi)...
NG debt service bill drops sharply in October
THE NATIONAL Government’s (NG) debt service bill fell sharply in October on lower amortization payments, the Bureau of the Treasury said.
Latest data from the...
ADB likely to trim Philippine growth forecasts
THE ASIAN Development Bank (ADB) is likely to downgrade its Philippine gross domestic product (GDP) growth forecasts for this year and next year, as...