DBM eyes cost-cutting measures if fuel excise tax is suspended
THE DEPARTMENT of Budget and Management (DBM) said that it is looking at cost-cutting measures should the revenue losses from the proposed suspension of excise tax on fuel are not fully offset.
DoE clears limited rollout of Euro II fuels
THE DEPARTMENT of Energy (DoE) is allowing the temporary rollout of Euro II, or fuels that meet an older emission standard with higher sulfur...
BSP may pause in April — Moody’s
THE BANGKO SENTRAL ng Pilipinas (BSP) may pause at its next meeting rather than immediately reverse its easing cycle amid oil price spikes and the peso’s depreciation, Moody’s Analytics said.
PSEi plunges to 5,800 level as war roils markets
PHILIPPINE STOCKS plunged on Monday, with the benchmark index sinking to the 5,800 level for the first time since December last year, as the...
Pump prices continue to go up this week
FUEL PRICES extended their weeks-long run of increases, although the pace of hikes has begun to ease as volatility in the global oil market is showing signs of subsiding, the Department of Energy chief said on Monday.
Moody’s Analytics trims Philippines growth forecasts
THE PHILIPPINE ECONOMY is expected to expand by 4.9% this year, reflecting weak domestic momentum and the energy crisis caused by the Middle East conflict, Moody’s Analytics said.
Peso sinks to record P60.30 vs $1
THE PESO fell to a new record low against the US dollar on Monday as global oil prices remained volatile amid escalating threats between the US and Iran.
April hike would be ‘rash,’ says Pantheon Macroeconomics
RAISING the key policy rate would be a “rash” move even as headline inflation is expected to breach the Bangko Sentral ng Pilipinas’ (BSP) target band by the second half of the year, Pantheon Macroeconomics said.
Indonesia has assured Philippines of steady supply of coal, Manila says
MANILA - Indonesia has assured the Philippines of a steady supply of coal, the Philippine energy minister said on Tuesday.
"We have assurance, and we...
Philippines says inflation may exceed 4% this year if oil prices stay high, impacting...
MANILA — Philippine inflation could breach this year's 2% to 4% target if oil price increases are sustained, the Economic Planning Secretary said on...
Marcos won’t spend all reserves on peso, sees 6% growth by 2028
Philippine President Ferdinand Marcos Jr. signaled that his government will tolerate weakness in the peso, saying there is a limit to their defense of...
Philippines’ Marcos says grounding planes is a ‘distinct possibility’
The Philippines says grounding planes due to a shortage of jet fuel brought on by the war in Iran is a “distinct possibility,” according...