Philippines accelerates push to light up rural homes
OVER A MILLION households in the Philippines remain without electricity, a gap the government aims to close within the next three years.
BSP’s ‘nonchalance’ amid peso slump still reasonable
THE BANGKO SENTRAL ng Pilipinas’ (BSP) minimal intervention in the foreign exchange market is deemed reasonable as the peso’s recent swings remain manageable despite successively hitting record lows in the past weeks, analysts said.
Business groups say execution of reforms key to regaining investor trust
PHILIPPINE BUSINESS groups view the government’s pledge of “big bold reforms” as a credible step to rebuilding investor confidence but warn the real impact will depend on swift and decisive implementation.
Philippine banks’ NPL ratio eases in November
THE PHILIPPINE BANKING system’s gross nonperforming loan (NPL) ratio eased at end-November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Marcos announces Malampaya gas discovery
The Philippines has made its first major natural gas discovery in more than a decade, a development that could strengthen domestic energy supply and...
PHL shares drop further on last-minute selling
PHILIPPINE STOCKS declined further on Monday as investors pocketed their profits from the market’s recent climb, and with geopolitical concerns and a weak peso...
Peso drops on US tariff threats
THE PESO slid against the dollar on Monday as fresh tariff threats from the United States dented risk sentiment.
The local unit closed at P59.44...
Foreign debt service bill falls nearly 23% at end-October
THE PHILIPPINES’ debt service on foreign loans went down by about 23% year on year at end-October as principal and interest payments fell, the Bangko Sentral ng Pilipinas (BSP) reported.
IMF sees slower Philippine growth amid graft scandal, global shocks
THE PHILIPPINE ECONOMY may expand slower until next year as global uncertainties and the local corruption controversy continue to drag growth, the International Monetary...
Philippines discovers ‘significant’ natural gas reserve at Malampaya East-1
THE PHILIPPINES has made its first major natural gas discovery in more than a decade, a development that could strengthen domestic energy supply and support rising power demand, President Ferdinand R. Marcos, Jr. said on Monday.
Philippines’ BoP position swings to deficit in 2025
THE PHILIPPINES’ balance of payments (BoP) deficit in 2025 settled below the central bank’s full-year forecast despite posting a wider deficit in December.
Philippines braves rough market with first dollar bond in a year
(UPDATE) The Philippines started marketing its first dollar notes in a year, braving rocky markets after President Donald Trump’s revival of the trade war...