PSEi plummets to 6,400 level amid Iran conflict
PHILIPPINE STOCKS closed lower on Monday, with the main index sliding back to the 6,400 range as worries over the escalating conflict in the...
Peso sinks back to P58 level on Middle East conflict
THE PESO slid back to the P58 level on Monday as the widening conflict in the Middle East drove safe-haven demand for the dollar...
Oil prices go up but bigger hikes likely next week
OIL PRICES are set to further rise next week amid supply disruptions due to the escalating conflict in the Middle East, Energy Secretary Sharon S. Garin said.
PHL central bank may pause easing amid inflation risks from oil shock
FURTHER MONETARY POLICY easing may be delayed as inflation could heat up again as oil prices surge amid a widening conflict in the Middle East, analysts said.
Philippine factory activity surges in February
PHILIPPINE FACTORY activity in February expanded at its fastest pace in eight years amid an increase in production and new orders as well as a “surge in business confidence,” S&P Global said on Monday.
Philippines has sufficient oil supply, says President Marcos
MANILA — Philippine President Ferdinand Marcos Jr said on Tuesday that the country has sufficient oil supply, but warned of higher prices as the...
Marcos eyes fuel tax cut amid Middle East strikes
Philippine President Ferdinand R. Marcos, Jr. on Tuesday said he would ask Congress to grant him emergency powers to reduce excise taxes on petroleum...
Main index edges up as investors buy bargains
THE MAIN INDEX eked out a small gain on Tuesday as investors took advantage of cheaper prices after the worsening Middle East conflict caused...
Peso slides as conflict drives up oil prices
THE PESO sank further against the dollar on Tuesday as the escalating Iran conflict pushed up oil prices, fanning inflation concerns.
The local unit fell...
Philippines seen to be more affected by oil shock than Asia-Pacific peers
THE PHILIPPINES may bear the brunt of the global oil crisis amid the widening conflict in the Middle East compared with its peers in the Asia-Pacific region, a think tank said.
Marcos wants ‘special powers’ to lower fuel taxes
PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said he might seek “special powers” to temporarily lower the excise tax on petroleum products, as the Middle East war threatens to trim the Philippines’ economic growth this year.
Budget gap exceeds ceiling in 2025
THE NATIONAL Government’s (NG) budget deficit breached its 2025 ceiling after the main tax agencies missed their collection targets and state spending slowed amid a corruption scandal, the Bureau of the Treasury (BTr) said.