Peso drops to near one-month low as Mideast war jolts markets
THE PESO fell to a near one-month low against the dollar on Wednesday as the Middle East conflict continued to weigh on market sentiment.
The...
PSEi sinks to 6,300 range, joins Asia stock rout
PHILIPPINE SHARES sank on Wednesday to pull the main gauge back to the 6,300 level, joining a regional rout, on heightened inflation concerns as...
BSP wants banks to use server-side biometrics to combat financial fraud
THE Bangko Sentral ng Pilipinas (BSP) wants to require banks to enforce server-side biometric authentication to verify users and secure customer-initiated transactions amid rising...
Frontloaded issuance pushes PHL debt to P18.13 trillion
THE PHILIPPINES’ outstanding National Government (NG) debt rose to P18.13 trillion at the end of January, as the state accelerated borrowing at the start of the year to lock in funding ahead of global market volatility.
UBS sees Philippine growth at low end of 5%-6% goal this year
PHILIPPINE economic growth may land at the bottom of the government’s 5% to 6% goal this year as investment slowly recovers from last year’s flood control scandal, UBS Investment Bank Global Research said.
Gov’t moves to shield OFW money
THE GOVERNMENT is preparing measures to protect remittance flows and cushion the domestic impact of escalating tensions between Israel and Iran, the presidential palace said on Wednesday, as President Ferdinand R. Marcos, Jr. ordered agencies to safeguard overseas Filipinos and monitor risks to fuel prices and financial markets.
Shares recover on bargain hunting after sell-off
PHILIPPINE STOCKS rebounded on Thursday as investors took advantage of lower valuations following the market’s slide amid the ongoing conflict in the Middle East.
The...
Peso down for sixth straight day on prolonged Iran conflict
THE PESO extended its losing streak against the dollar on Thursday as the conflict in the Middle East continues to rattle markets.
The local unit...
S&P: Philippines to outpace most Asian peers in next 3 years
THE PHILIPPINES is expected to remain one of Southeast Asia’s fastest-growing economies over the next three years despite a slowdown in 2025 triggered by...
Compressed workweek could strain Philippine manufacturing, BPOs
By Beatriz Marie D. Cruz, Reporter
THE PHILIPPINE government’s proposal to adopt a four-day workweek to conserve energy amid Middle East tensions could affect delivery...
PHL plans diesel stockpile amid Middle East war
THE PHILIPPINE government plans to procure at least a million barrels of diesel to secure domestic fuel supply as tensions in the Middle East threaten global oil trade and China moves to curb refined fuel exports.
Inflation quickens to 13-month high
PHILIPPINE INFLATION accelerated to a 13-month high in February as rising costs for rice, fuel, electricity and other utilities added pressure on household budgets, the Philippine Statistics Authority said on Thursday.