BSP study: Dollar strength, volatility drag Philippine investments
REAL INVESTMENT activity in the Philippines declines during periods of a strong and volatile dollar, underscoring the economy’s vulnerability to global financial shocks, according...
Senate hears DA request for P68-billion farm aid package
THE Department of Agriculture (DA) said it is seeking P68 billion in additional funding for fertilizer and fuel assistance to farmers and fisherfolk due...
Laurel warns rice could hit P62 per kilo by September in new funding request
THE Department of Agriculture (DA) said on Wednesday that rice prices could rise to P62 per kilogram by September if additional funding requests for...
Visitor arrival target maintained at 6.7 million despite Middle East war
THE Department of Tourism (DoT) said it is maintaining its visitor arrival target of nearly seven million this year, even in the face of...
DEPDev unveils AI governance framework
ARTIFICIAL INTELLIGENCE (AI) has the potential to significantly boost the Association of Southeast Asian Nations (ASEAN) economies, but preparedness for the transition to the...
BPO workers file P1,200 NCR wage petition
A WORKERS’ ASSOCIATION representing business process outsourcing (BPO) employees filed a petition on Wednesday seeking a P1,200 minimum wage for the National Capital Region...
Philippine stocks rebound on bargain-hunting
PHILIPPINE SHARES recovered on Wednesday as players picked up bargains after the market’s five-day slide, even as sentiment stayed cautious amid a standoff between...
Peso plummets to new low of P61.30Â
THE PESO tumbled to a new all-time low on Tuesday, breaching the P61 mark versus the dollar for the first time in history, on heightened inflation worries as global oil prices surged again after peace talks between the United States and Iran hit a deadlock.
Prolonged Iran war may push Philippine inflation past 8% — HSBC
HEADLINE INFLATION could surge past 8% this year if the Middle East conflict remains unresolved, which could push the Monetary Board to hike policy rates to up to 6%, the Hongkong and Shanghai Banking Corp. Ltd. (HSBC) said.
ASEAN energy chiefs seek to advance oil security pact amid Mideast crisis
ENERGY LEADERS from Southeast Asian economies are aiming to accelerate the formalization of an agreement that seeks to enhance petroleum security, especially as oil-starved...
Weak readiness, structural hurdles hamper AI-driven financial inclusion
ARTIFICIAL INTELLIGENCE (AI) could help bring more Filipinos into the formal financial system, but structural barriers and weak institutional readiness would limit its impact...
Philippine stocks drop as peso hits record low
THE Philippine Stock Exchange index (PSEi) declined on Tuesday as investors stayed cautious amid the Middle East war and concerns over the peso’s continued...