Philippine stocks edge up on bargain hunting
PHILIPPINE STOCKS advanced on Monday as investors bought cheap shares after Friday’s drop while staying cautious amid lingering geopolitical concerns.
The Philippine Stock Exchange index...
Q2 growth outlook remains weak
PHILIPPINE gross domestic product (GDP) likely remained below the government’s 5-6% growth target in the second quarter as higher oil prices and tighter financial conditions continued to dampen domestic demand, analysts said.Â
Oil shocks, uncertainty muddy Philippine inflation forecasts, analysts say
ANALYSTS and economic managers are now finding it harder to precisely measure data in their inflation forecasts as rising uncertainty and the faster-than-usual transmission of oil price shocks challenge their models.
NG debt service bill falls to P169 billion in March
THE NATIONAL Government’s (NG) debt service bill declined in March amid lower amortization payments, the Bureau of the Treasury (BTr) said.
The latest Treasury data...
PEZA eyes 6 new ecozone proclamations this quarter
THE PHILIPPINE Economic Zone Authority (PEZA) expects the proclamation of six new economic zones (ecozones) within the second quarter in key areas like Batangas, Cavite, and Palawan.
Peso may return to P61 level if ME conflict worsens
THE PESO could return to the P61 level versus the dollar this week amid continued volatility in the Middle East (ME), with markets awaiting...
PHL shares may stay weak on economic worries
PHILIPPINE STOCKS may move lower this week as concerns over the Middle East war and its impact on the domestic economy continue to weigh...
Special safeguard measures loom for more farm imports
THE Department of Agriculture (DA) said it is seeking price-based special safeguard (SSG) measures on additional imported agricultural products, including frozen bovine meat, chicken...
$300-million ADB loan to support DoE rooftop solar, efficiency programs
THE Department of Energy (DoE) said it is hoping to tap a $300-million loan package from the Asian Development Bank (ADB) this year to...
Regulator lifts toll collection freeze for final segment of C5-Cavitex link
THE Toll Regulatory Board (TRB) said it lifted the temporary postponement of toll collection for Segment 3B of the Manila-Cavite Toll Expressway (Cavitex) C5...
Wholesale rice prices rise sharply in April
THE wholesale price of rice rose sharply year on year in April, according to preliminary data from the Philippine Statistics Authority (PSA).
The PSA said...
Oil shock drags Philippine GDP growth to 2.8%
THE Philippine economy grew by a weaker-than-expected 2.8% in the first quarter, the slowest pace since the pandemic, as the fallout from a corruption scandal and soaring oil prices triggered by the Middle East conflict dampened economic activity.