BSP tracks Mideast war impact on PHL
THE BANGKO SENTRAL ng Pilipinas (BSP) said it is closely monitoring the impact of the escalating Middle East war on inflation and the broader...
Top central banks strike hawkish tone as they convene in war’s shadow
OTTAWA/WASHINGTON/TOKYO — Top central banks from the US, Canada and Japan struck hawkish tones on Wednesday, albeit to varying degrees, as the Iran war...
High oil prices could dent PHL output by 1 ppt this year
PHILIPPINE economic output could be reduced by up to one percentage point (ppt) this year if oil prices breach $130 per barrel, an economist...
PSEi slides as peso hits record low
PHILIPPINE SHARES fell on Thursday as geopolitical tensions in the Middle East and the peso’s slide to an all-time low weighed on investor sentiment.
The...
DBM releases P21.5B to keep infrastructure projects running, cushion rising fuel prices
THE DEPARTMENT of Budget and Management (DBM) released P21.47 billion to keep infrastructure projects running and cushion the impact of global shocks following an...
Fitch: Middle East war weighs on Philippine credit rating outlook
RISKS of stalled growth and slower fiscal consolidation amid the ongoing war in the Middle East could imperil the Philippines’ credit rating, especially as the country is among the most exposed to disruptions, Fitch Ratings said.
Peso hits new low of P60.10 per dollar
THE PHILIPPINE PESO sank to a fresh record low on Thursday, breaching the P60-per-dollar mark and heightening inflation risks from more expensive imports.
The local...
Philippines’ BoP position swings to deficit in February
By Katherine K. Chan, Reporter
The Philippines’ balance of payments (BoP) position swung to an over $2-billion deficit in the second month of the year,...
National Government posts P165.4 billion budget surplus in January
THE NATIONAL Government’s (NG) budget surplus more than doubled in January to P165.4 billion amid a double-digit decline in spending, the Bureau of the...
PSEi may extend losses on oil surge, peso slump
PHILIPPINE shares may extend losses this week as surging oil prices and a weakening peso deepen inflation concerns and keep investors on the sidelines.
Peso seen holding above P60 on oil risks, Fed bets
THE PESO is expected to stay above P60 a dollar this week as elevated oil prices and hawkish signals from the US Federal Reserve...
Manila’s slow response to oil price spike exposes economy to energy shock
THE PHILIPPINE government’s slow response to surging oil prices risks worsening the economic impact of the latest energy shock, analysts said, as elevated global crude costs begin to filter through to transport fares and supply chains.