PSE index sinks to 5,800 range on oil, peso woes
PHILIPPINE SHARES slid further on Tuesday as elevated oil prices and a weak peso continued to cloud market sentiment.
The Philippine Stock Exchange index (PSEi)...
PHL loses P141B to illicit tobacco trade
THE PHILIPPINES lost about P141 billion in government revenue to illicit tobacco trade in 2024 and 2025, with illegal vape products emerging as a major source of tax leakages, according to a report by the EU-ASEAN Business Council (EU-ABC) and Euromonitor International Ltd.
WB: Businesses key to PHL becoming ASEAN growth engine
THE PHILIPPINES’ ambition to become Southeast Asia’s next economic growth engine depends on the private sector’s ability to invest, expand and innovate with confidence, the World Bank (WB) said.
Philippines among most exposed to Gulf labor slowdown — ILO
THE MIDDLE EAST WAR is rippling through Asian labor markets, cutting overseas deployments from the Philippines, weakening remittances and adding inflation pressure at home, the International Labour Organization (ILO) said.
AI adoption urgency rises as Philippines risks missing growth gains — DICT chief
THE PHILIPPINES should accelerate artificial intelligence (AI) adoption by upgrading infrastructure and boosting regulation, as slow uptake could prevent the country from fully capturing productivity gains, government and industry leaders said.
Peso sinks to new record low for third straight day as war drags on
THE PESO dropped to new record low on Monday as the Strait of Hormuz’s continued closure due to the standoff between the United States...
PHL stocks drop further as global oil prices rise
PHILIPPINE SHARES sank to a near two-week low on Monday as the conflict in the Middle East, high global oil prices, and weak buying...
More grid alerts expected as El Niño progresses
THE Department of Energy (DoE) is projecting more grid alerts in the second half of the year, as the El Niño dry spell takes...
Pax Silica envoy signals US delegation’s interest in LEC hub
MORE than a dozen companies are exploring investments in the Luzon Economic Corridor’s (LEC) planned artificial intelligence (AI) hub in Tarlac, officials said on...
NFA hits only 4.2% of palay procurement target
THE National Food Authority (NFA) said it managed to procure palay (unmilled rice) equivalent to 4.2% of its target in the year to date...
New Budget chief set for swearing in
PRESIDENT Ferdinand R. Marcos, Jr. appointed University of the Philippines (UP) assistant professor Kim Robert C. de Leon as the new budget secretary, replacing...
Banks’ NPL ratio improves in March
THE PHILIPPINE BANKING sector’s nonperforming loan (NPL) ratio declined in March, data from the Bangko Sentral ng Pilipinas (BSP) showed, reflecting borrowers’ strong repayment capacity despite the Middle East war.