Philippines’ dollar reserves fall to 7-month low in March
THE PHILIPPINES’ dollar reserves fell to a seven-month low at end-March as its gold holdings and foreign investments declined, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Shares jump to one-month high on US-Iran deal
PHILIPPINE SHARES advanced on Wednesday to a near one-month high, joining a global relief rally across risk assets after the United States and Iran...
Peso surges on US-Iran ceasefire deal
THE PESO jumped to the P59-a-dollar level on Wednesday, logging a near one-month high after Iran agreed to a two-week ceasefire with the United...
Infrastructure spending slumps in December
INFRASTRUCTURE SPENDING slumped by an annual 28% in December as tighter controls remained in place amid the corruption scandal, the Department of Budget and...
World Bank slashes PHL growth forecast to 3.7%
THE WORLD BANK slashed its growth forecast for the Philippines to 3.7% this year, well below the government’s target, as the war in the Middle East weighs on economic activity.
BSP: Inflation risks growing sharply
THE BANGKO SENTRAL ng Pilipinas (BSP) said inflation risks have “significantly” grown after consumer prices sharply accelerated in March amid the oil crisis.
S&P cuts Philippines outlook to ‘stable’ amid rising risks from Middle East conflict
S&P Global Ratings cut its outlook on the Philippines to “stable” from “positive,” citing the impact of the energy crisis on the country’s external and fiscal positions.
Peso recovery hinges on US-Iran ceasefire deal
THE PESO could still return to the P60 level versus the dollar and even weaken further despite the United States and Iran forging a...
PHL shares to consolidate amid fragile ceasefire
STOCKS may consolidate when trading resumes on Friday after a holiday as investors carefully assess risks amid the fragile truce between the United States...
Maharlika backs proposal to tap fund for energy diversification
MAHARLIKA Investment Corp. (MIC) said it is open to a proposal raised during a House hearing to tap the sovereign wealth fund for energy diversification as fuel supply risks rise.
OFW remittances at risk as Mideast war drags on
THE PHILIPPINES could see a drop in cash sent home by overseas workers if the Middle East conflict persists, global debt watcher Moody’s Ratings...
Banks’ bad loan ratio hits 6-month high in Feb.
THE PHILIPPINE BANKING sector’s gross nonperforming loan (NPL) ratio rose to a six-month high in February, preliminary data from the Bangko Sentral ng Pilipinas...