Meralco power rates increase in March
OVER EIGHT MILLION customers served by Manila Electric Co. (Meralco) will have to tighten their belts this month as the power distributor announced a rate hike, citing higher transmission and generation charges.
Oil shock to bring inflation above 4%
THE IRAN war could trim 0.2-0.3% from the Philippines’ gross domestic product (GDP) growth this year, as the oil shock could drive inflation to above 4% this year, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said on Tuesday,
FDI net inflows slump to five-year low in 2025
NET INFLOWS of foreign direct investments (FDIs) into the Philippines plummeted to $7.791 billion in 2025, its lowest level in five years, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Razon is the richest Filipino on Forbes’ World’s Billionaires List
PORTS AND CASINO tycoon Enrique K. Razon, Jr. saw his net worth surge over 50% to $16.5 billion, making him the richest Filipino on Forbes’ 2026 World’s Billionaires List.
Stocks extend climb as bargain hunting continues
PHILIPPINE STOCKS were up for a second straight day on Wednesday on buying momentum as investors took advantage of lower valuations following the market’s...
Peso drops again as Middle East war continues
THE PESO dropped back to the P59 level against the dollar on Wednesday as uncertainty over the Middle East war weighed on sentiment.
The local...
Philippine semiconductor exports may reach $50B this year
PHILIPPINE EXPORT RECEIPTS of semiconductor and electronic products are expected to rise to a record $50 billion this year despite global trade uncertainties and an ongoing conflict in the Middle East, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said.
House OKs bill allowing Marcos to tweak excise tax on fuel on 2nd reading
THE HOUSE of Representatives on Wednesday passed on second reading a bill authorizing President Ferdinand R. Marcos, Jr. to suspend or cut excise taxes on fuel and other petroleum products.
Peso slides as US data bolster hawkish Fed bets
THE PESO depreciated further against the dollar on Thursday as the latest US consumer price index (CPI) data heightened expectations that the US Federal...
PHL stocks drop as global oil prices surge again
PHILIPPINE STOCKS dropped anew on Thursday following a two-day climb as the prolonged war in Iran caused global oil prices to spike again, worsening...
DoE chief Garin says pump prices unlikely to go down soon
FUEL PRICES are unlikely to go down anytime soon despite the recent decline in crude prices in the global market, the Energy chief said.
House OKs bill scrapping travel tax on 2nd reading
THE HOUSE of Representatives on Wednesday evening approved on second reading a proposal to scrap the travel tax, advancing the measure seeking to cut the levy seen as burdensome for Filipinos.