Gov’t eyes P60-billion EV incentives
THE PHILIPPINE government is looking to earmark P60 billion to support the local manufacturing of electric vehicles (EVs), with the Department of Trade and Industry citing rising fuel costs and the need to reduce reliance on gasoline-powered vehicles.
S&P cuts PHL outlook to ‘stable’ on Middle East risks
S&P GLOBAL RATINGS revised the Philippines’ credit outlook to “stable” from “positive,” citing risks to the country’s external and fiscal position from surging energy prices due to the Middle East conflict and a slowdown in infrastructure spending.
Meralco raises April rates on higher generation costs
By Sheldeen Joy Talavera, Reporter
Residential customers of Manila Electric Co. (Meralco) will face higher electricity bills this month after the distribution utility raised charges,...
ADB slashes Philippines’ 2026 growth forecast to 4.4%
By Justine Irish D. Tabile, Senior Reporter
The Asian Development Bank (ADB) slashed its 2026 growth forecast for the Philippines to 4.4%, amid heightened uncertainty...
Philippines’ FDI net inflows slide to 4-month low in January
NET INFLOWS of foreign direct investments (FDI) slumped to a four-month low in January as geopolitical risks dampened investor sentiment, the Bangko Sentral ng...
Fuel shortages from Iran war threaten Asia’s biggest food staple
Harvest-ready rice fields are lying idle and farmers are deciding whether to skip planting for the coming season, as spiking fuel and fertilizer costs...
Peso to move sideways vs dollar with Middle East developments in focus
THE PESO may trade sideways against the dollar this week as markets remain on edge amid the temporary ceasefire deal between the United States...
Cautious trading seen with US-Iran talks in focus
PHILIPPINE SHARES may move sideways as investors monitor updates on the US-Iran conflict, with market sentiment to be driven by the outcome of talks...
NG gross borrowings jump over 40% in Feb.
THE National Government’s (NG) gross borrowings grew by over 40% in February amid a surge in domestic borrowings, the Bureau of the Treasury (BTr)...
IMF-World Bank meetings to kick off with the global economy under strain
WASHINGTON, D.C. — The International Monetary Fund (IMF) and World Bank hold their spring meetings this week as the war in the Middle East...
Diesel price rollback seen at P20 per liter
MOTORISTS are finally getting a much-needed break after weeks of hefty increases, as the Department of Energy expects pump price rollbacks, with diesel prices seen dropping by at least P20 per liter (/l).
PEZA says one-year WFH to help protect jobs, growth
ALLOWING economic zone locators to adopt work-from-home (WFH) arrangements for one year will help sustain business growth and preserve jobs amid external headwinds, the Philippine Economic Zone Authority (PEZA) said.