BSP to take 鈥榥ecessary action鈥 amid faster-than-expected April inflation
THE Bangko Sentral ng Pilipinas (BSP) said it will implement necessary measures to keep prices stable 鈥渨ithin a reasonable time鈥 after headline inflation accelerated past expectations in April.聽
Philippines now facing rising stagflation risks
STAGFLATION is now evident in the Philippines, an analyst said, as inflation accelerated to 7.2% in April while economic growth is expected to come in below 4% in the first quarter.
Uptrend in food inflation seen to persist until 2027
THE UPTREND in food inflation is expected to persist through 2027 amid mounting cost pressures, weather disruptions, and external risks due to the ongoing Middle East war, analysts said.
Peso edges higher as April inflation data bolster BSP rate hike hopes
THE PESO inched higher against the dollar on Tuesday as faster-than-expected April headline inflation supported bets of more rate hikes by the Bangko Sentral...
DBM clawing back unused 2025 funds to support relief program
THE Department of Budget and Management (DBM) said it ordered all government agencies to identify and surrender unused funds from their 2025 budgets to...
Property valuation system overhaul expected by 2028
THE Bureau of Internal Revenue (BIR) is preparing to overhaul the property valuation system in 2028, citing the need to align property values with...
SJDM in due diligence for new water partner after ending JV
SAN JOSE DEL MONTE, Bulacan 鈥 The city government said it is seeking a new water service provider after assuming control of a joint venture (JV) with PrimeWater Infrastructure Corp.
Agri trade deficit widens nearly 22% in March as imports surge
THE deficit in the agricultural goods trade widened 21.9% year on year in March to $1.17 billion, according to preliminary data from the Philippine...
PHL shares fall as inflation surge hits sentiment
STOCKS fell to the 5,800 level again on Tuesday as the quicker-than-expected April Philippine headline inflation and the continuing conflict in the Middle East...
Philippine manufacturing PMI shrinks for the first time in 5 months
PHILIPPINE FACTORY activity contracted for the first time in five months in April amid a sharp decline in new orders, S&P Global said on Monday.
Q1 growth likely still weak amid flood mess fallout, rising inflation
PHILIPPINE economic growth likely remained muted in the first quarter, weighed down by the lingering fallout from the flood control scandal and rising costs...
Philippines鈥 PPP pipeline reaches P3.16T, led by transport projects
THE PHILIPPINES鈥 pipeline of public-private partnership (PPP) projects has reached 252 with a combined value of P3.16 trillion, the government said.
Data from the Public-Private...