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...
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...
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.
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 likely to be East Asia and Pacific region’s third fastest-growing economy until 2027
The Philippines is projected to be the third fastest-growing economy in the East Asia and Pacific region this year and in 2027, according to...
Gov’t hikes salary, subsistence allowance for military and uniformed personnel
The Marcos administration is beefing up support for military and uniformed personnel (MUP) this year, rolling out higher base pay, increased subsistence allowances, and...
PHL stocks extend slide as peso hits record low
PHILIPPINE SHARES fell for a second session on Wednesday after the peso slid to a record low, weighing on investor sentiment.
Philippine banks’ loan growth steadies in Nov.
PHILIPPINE BANKS’ loan growth held steady in November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Outstanding loans of universal and commercial...
Tame Philippine inflation leaves room for BSP easing this year — HSBC
PHILIPPINE INFLATION may remain subdued over the next two years amid softer global commodity prices, allowing the Bangko Sentral ng Pilipinas (BSP) to ease...
World Bank projects Philippine growth above 5% until 2027
THE PHILIPPINE ECONOMY is projected to grow above 5% this year and in 2027, although governance concerns remain, the World Bank said.
The multilateral lender...
Peso slides to record low P59.44:$1
THE PHILIPPINE PESO slid to a record low of P59.44 a dollar at Wednesday’s close, failing to sustain support seen late last year due to renewed demand for the greenback amid heightened geopolitical tensions.