ADB willing to fund Mindanao Railway Project
THE ASIAN Development Bank (ADB) said it is ready to finance the Mindanao Railway Project, with the long-delayed rail line still needing a source...
Modest DPWH budget request for 2027 signals flagship-project focus as gov’t prepares to exit
THE Department of Public Works and Highways (DPWH) said on Wednesday it is seeking about P215 billion in funding for 2027, with P200 billion...
BSP warned against taking ‘aggressive’ policy stance during Middle East crisis
THE Bangko Sentral ng Pilipinas (BSP) should avoid aggressive policy tightening and keep its stance balanced between controlling inflation and supporting growth, an economist said.
BoP deficit narrows to $2.1B in April
STEADY INFLOWS from remittances and the services sector despite emerging external pressures helped narrow the Philippines’ balance of payments (BoP) gap to a three-month low in April, Bangko Sentral ng Pilipinas (BSP) data showed.Â
Peso still Asia’s ‘weakest link’ despite BSP policy tightening
THE PHILIPPINE PESO will likely remain the weakest Asian currency despite further monetary policy tightening by the central bank as the economy remains vulnerable to volatile global oil prices amid the ongoing Middle East war, analysts said.
Marcos raises concern over stagflation risk
PRESIDENT Ferdinand R. Marcos, Jr. warned of a possible stagflation scenario, citing the threat of slowing economic growth alongside persistent inflation, while signaling that...
Political violence possible if Duterte removed — GeoQuant
THE IMPEACHMENT proceedings against Vice-President Sara Duterte-Carpio have raised the possibility of further instability and political violence in the country, according to an assessment by a unit of Fitch Solutions.
Peso stays at record low as war keeps market guardedÂ
THE PESO closed flat at its all-time low against the dollar on Tuesday as uncertainty over the Middle East war kept the market cautious.
The...
PHL yet to finalize borrowing plan, ADB says
THE Asian Development Bank (ADB) urged the Philippines to finalize its borrowing plan for the year as the government faces a revenue shortfall while...
Iran crisis exposes PHL energy vulnerabilities
THE Middle East conflict has exposed the Philippines’ energy vulnerabilities and needs to leverage its chairmanship of the Association of Southeast Asian Nations (ASEAN)...
PHL losing out on funding for decarbonization due to lack of clear net-zero plan
THE PHILIPPINES is being locked out of international financing for climate and decarbonization projects because it lacks a clear framework for long-term low emission...
DoTr obtains P3.6B in financing to settle obligations to LRMC
THE Department of Transportation (DoTr) said it has been approved for a P3.6-billion facility by the Land Bank of the Philippines (LANDBANK) to help...