Peso slides as Iran war drags on
THE PESO dropped back to the P60 level versus the dollar on Wednesday as players awaited clarity on the supposed peace talks between the...
Surging fuel prices seen driving demand for EVs
SOARING FUEL COSTS are expected to further accelerate demand for electric vehicles (EV) in the Philippines this year, with sales projected to post double-digit growth, analysts said.
S&P hikes Philippine growth forecast but oil crisis poses risks
A GRADUAL RECOVERY in investments and robust technology exports could drive Philippine economic growth to 5.8% this year, although the ongoing oil crisis poses a crucial risk, S&P Global Ratings said.
Philippines most at risk of fertilizer supply shock in Southeast Asia
THE PHILIPPINES faces the highest exposure to fertilizer price and supply risks in Southeast Asia due to its heavy reliance on imports and vulnerability...
Philippines launches $333 million fund to boost fuel security
MANILA — The Philippine energy ministry said on Thursday it is activating a 20 billion peso ($333 million) emergency fund to strengthen fuel security...
Philippines suspends electricity market due to Middle East conflict
SINGAPORE — The Philippines suspended electricity sales on the Wholesale Electricity Spot Market until further notice on Thursday due to fuel supply risks and...
JICA-backed rail projects on track with targets despite rising costs
Railway projects funded by the Japan International Cooperation Agency (JICA) are still on track with completion targets despite the potential impact of the Middle East war on oil prices and costs, contractors said.
Philippine central bank holds rate at 4.25% as inflation risks rise
MANILA — The Philippine central bank said on Thursday that it had decided to keep its policy rate at 4.25%, adding that it will...
Peso sinks further as market eyes Iran deal
THE PESO slid further against the dollar on Thursday due to lingering uncertainty over the war in the Middle East as markets awaited clearer...
Stocks sink as uncertainty weighs on markets
PHILIPPINE SHARES retreated on Thursday as investors cashed in on the market’s two-day climb and amid continued uncertainty over the conflict in the Middle...
Philippine nickel industry bracing for impact of fuel shock
THE PHILIPPINE nickel sector is bracing for potential disruptions to production and exports amid rising fuel costs and supply risks due to the war in the Middle East, industry leaders said.
Peso slump spreads pain from markets to households
CHRISTOPHER ANGELO O. LIM, a 26-year-old construction business owner in Manila, has been watching the peso’s slide with growing concern. His company imports hotel locks and other building materials, and every move in the exchange rate feeds directly into his costs.