IMF chief says 12 or more countries seeking loans to cope with Middle East...
WASHINGTON — The International Monetary Fund expects at least a dozen countries to seek new loan programs to cope with surging energy prices and...
PSEi ends flat amid hopes for Mideast peace talks
PHILIPPINE STOCKS ended flat on Thursday as the market stayed on the sidelines while awaiting developments in the Middle East conflict.
The Philippine Stock Exchange...
Peso climbs on hawkish signals from BSP chief
THE PESO strengthened anew against the dollar on Thursday, supported by hawkish signals from the Philippine central bank chief and amid continued market uncertainty...
Energy regulator approves over P4-billion cost recovery for Meralco
CONSUMERS served by Manila Electric Co. (Meralco) will face higher electricity rates starting in September after the Energy Regulatory Commission (ERC) approved the recovery...
Oil crisis to drive more Filipinos into poverty — PIDS
THE PHILIPPINE Institute for Development Studies (PIDS) projects an additional 1.34 million Filipinos will be pushed into poverty this year amid surging oil prices...
Marcos allows up to 40% foreign ownership in small retailers
PRESIDENT Ferdinand R. Marcos, Jr. has eased foreign investment rules for retail trade by allowing overseas investors to own as much as 40% of enterprises with paid-up capital of less than P25 million, under the Philippines’ 13th Regular Foreign Investment Negative List (RFINL).
IMF says Philippines faces ‘difficult situation’ as Mideast energy shocks weigh on growth
WASHINGTON, D.C. — The Philippines is facing a difficult situation as its heavy reliance on oil imports tests its economic resilience amid the ongoing energy crisis from the Middle East war, the International Monetary Fund (IMF) said.
Philippines, US to build industrial hub to strengthen supply chain security
MANILA — The United States and the Philippines will build a 4,000-acre (1,620 hectares) industrial hub after Manila joined a Washington-led initiative to secure...
PHL crisis response must stay targeted amid thin fiscal buffers, says IMF
By Katherine K. Chan, Reporter
WASHINGTON, D.C. — The Philippines' response to the Middle East war-driven energy crisis should remain time-bound and targeted to help...