Peso rebounds as oil prices ease on Strait of Hormuz transit signs
THE PHILIPPINE PESO snapped a two-day slide on Tuesday as oil prices eased following reports that some vessels had begun passing through the Strait...
Airfares to soar in April as fuel surcharges more than double
AIRFARES are set to surge in April, after the Civil Aeronautics Board (CAB) raised the passenger fuel surcharge to Level 8 for the first...
Moody’s sees no imminent PHL rating downgrade
MOODY’S RATINGS is unlikely to downgrade the Philippines’ credit rating in the near-term despite emerging risks from the Middle East war considering the country’s strong external position and reserves buffer, its analysts said.
Regulator approves PUV fare hikes on oil price surge
COMMUTERS will face higher transportation costs starting Thursday after the Land Transportation Franchising and Regulatory Board (LTFRB) approved fare increases for public utility vehicles...
House pushed for quick approval of President’s fuel tax powers
The chairman of the House of Representatives’ ways and means committee wants the chamber to adopt the Senate version of a bill allowing President...
Manila says China has said it will not restrict fertilizer exports to the Philippines
MANILA — China has assured the Philippines it will not restrict fertilizer exports to the country, although the war in the Middle East is...
Go: April rate hike likely amid oil shock
ELEVATED OIL PRICES and prolonged disruptions amid the widening Middle East war may prompt the Bangko Sentral ng Pilipinas (BSP) to raise the key policy rate as early as its April meeting, Finance Secretary Frederick D. Go said.
PSEi rises on Wall Street gains, fuel tax hopes
PHILIPPINE SHARES climbed on Wednesday as bargain-hunters drew support from a rebound on Wall Street and optimism over potential policy changes on fuel excise...
Peso strengthens to P59.52 on easing oil prices
THE PHILIPPINE PESO strengthened against the dollar on Wednesday as oil prices eased and market optimism improved after reports that tankers had successfully moved...
Philippine auto sales fall in February but electric vehicles power ahead
PHILIPPINE automotive sales dropped year on year in February as demand for passenger cars and commercial vehicles slumped, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Philippines building up fuel stockpiles until May — DoE chief
THE PHILIPPINE government and oil companies are already building up fuel inventories for May as early as now, the Department of Energy (DoE) chief said, as the Iran war enters its third week and continues to threaten global oil supply.
PUV fare hike suspended
PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday suspended the fare increase for public utility vehicles (PUVs), a day before its implementation.