Asia barters for scarce energy as Iran crisis throttles supplies
TOKYO/COLOMBO/WELLINGTON - Indonesia’s leader visited Tokyo this week in Asia’s latest flurry of fuel bartering efforts to offset crippling shortages caused by conflict in...
Philippines to impose price cap on imported rice
MANILA — Philippine President Ferdinand R. Marcos Jr. said on Tuesday that the government will cap the price of imported well-milled rice at 50...
Bargain hunting lifts stocks as Iran war continues
PHILIPPINE SHARES rebounded on Tuesday as investors picked up cheap names following a three-day slump and amid news of government efforts to reduce war-related...
Peso hits new record low as war risks spook traders
THE PESO on Tuesday ended at a new all-time low for the eighth time this month as the widening Middle East war caused investors...
NPC seeks higher charge for missionary electrification
STATE-RUN National Power Corp. (NPC) is seeking to collect P44.2 billion from on-grid electricity end-users next year, as the current charge is insufficient to...
NG gross borrowings surge to nearly P400B
THE National Government’s (NG) gross borrowings ballooned to almost P400 billion in January as external debt more than tripled, the Bureau of the Treasury (BTr) said.
BSP: Inflation likely rose to 3.1-3.9%
HIGHER FUEL, electricity, and rice prices, along with the peso’s weakness, likely pushed inflation to the fastest in around two years, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
Bank lending rises by 9.5% in February
By Katherine K. Chan, Reporter
Philippines banks’ lending growth picked up in February as loans for business activities expanded at a faster pace, preliminary data...
Global trade headwinds to widen Philippines’ BoP and current account deficits until 2027
By Katherine K. Chan, Reporter
The Philippines’ balance of payments (BoP) and current account deficits could widen this year until 2027 as weak global trade...
Philippine factory activity falls to 3-month low in March amid spike in energy costs
By Justine Irish D. Tabile, Senior Reporter
PHILIPPINE FACTORY activity in March slumped to a three-month low in March as output and new orders declined...
Philippine NG debt hits record high P18.16 trillion in February
By Justine Irish D. Tabile, Senior Reporter
THE National Government’s (NG) outstanding debt hit a fresh high of P18.16 trillion as of end-February, reflecting a...
Philippine officials discuss energy cooperation with Iran envoy
The Philippines’ top diplomat and energy chief met with Iran’s envoy to Manila on Wednesday to discuss energy cooperation, as the Southeast Asian nation...