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...
3.8-magnitude quake jolts Burdeos, Quezon
A 3.8-magnitude earthquake was reported in Burdeos, Quezon province, with intensity recorded in one area, according to the Philippine Institute of Volcanology and Seismology...
Mastercard and FinVolution Group launch Luvit Card to expand access to digital credit in...
Mastercard and FinVolution Group have launched the Luvit Card, marking the latter’s expansion into card-based lending and bringing flexible, installment-based credit to more Filipinos...
US optimistic of deal with Iran as it increases economic pressure
WASHINGTON/DUBAI — The Trump administration expressed optimism on Wednesday about reaching a deal to end the war with Iran, while also warning of increasing...
Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack, source...
DUBAI — Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without risk of attack as...
Sovereign borrowers launch platform to amplify voice in debt talks
A GROUP of officials from developing economies launched on Wednesday the Borrowers' Platform, an effort backed by the United Nations to give debt-hit nations...
Remolona: BSP has room to tighten
WASHINGTON, D.C. — The Bangko Sentral ng Pilipinas (BSP) said it has room to raise policy rates as the National Government’s planned catch-up spending is expected to cushion the economy from a sharper slowdown amid the energy crisis.
Cash remittances hit 9-month low in February
MONEY SENT HOME by overseas Filipino workers (OFWs) fell to its lowest level in nine months in February, the Bangko Sentral ng Pilipinas (BSP) reported.
Pump prices may drop further next week — DoE
LOCAL PUMP PRICES may continue to decline next week based on early estimates, despite renewed upward pressure on global oil prices following the US blockade of Iranian ports, a Department of Energy (DoE) official said.
Emerging Asia needs ‘narrowly targeted’ policies vs energy shocks — IMF
WASHINGTON, D.C. — Policymakers in Emerging Asia markets such as the Philippines should implement “narrowly targeted” measures to weather current energy shocks from the Middle East war, the International Monetary Fund (IMF) said.
Prime Energy eyes new gas blocks beyond Malampaya
RAZON-LED Prime Energy Resources Development B.V., operator of the Malampaya gas field, said it is exploring potential areas beyond the country’s main natural gas...
CLI says 2026 capex could reach P20B on consolidated basis
CEBU Landmasters, Inc. (CLI) said its total capital expenditure (capex) for 2026 could reach around P20 billion on a consolidated basis, clarifying that an...