Gov’t agencies told to cut spending amid oil crisis
THE DEPARTMENT of Budget and Management (DBM) has ordered government agencies to cut spending and defer selected projects to free up funds to cushion...
Peso may drop to new lows amid fading US-Iran peace prospects
THE PESO could slide further against the dollar and even test new record lows as the escalating Middle East conflict’s impact on global crude...
Stocks may drop further on bearish sentiment
PHILIPPINE STOCKS may continue to move lower this week as the market stays defensive amid the deadlock between the United States and Iran and...
PHL, US to break ground Clark AI hub in two years
THE Philippines is looking to break ground for its artificial intelligence (AI)-native industrial hub in two years, Bases Conversion and Development Authority (BCDA) said.
“This...
Philippine central bank chief signals more rate hikes as needed
MANILA — The Philippine central bank is prepared to do whatever necessary to contain inflation, its governor said on Friday, leaving the door wide...
BSP raises rates, signals more hikes
By Aaron Michael C. Sy, Reporter
THE PHILIPPINE central bank increased its benchmark interest rate for the first time in more than two years, while...
March deficit widens as spending outpaces growth in revenues
By Justine Irish D. Tabile, Senior Reporter
THE National Government’s fiscal gap widened in March as spending growth outpaced revenue gains, even as the first...
JPMorgan index may lift PHL bond demand
By Aaron Michael C. Sy, Reporter
THE Philippines is set to be added to JPMorgan Chase & Co.’s local currency emerging market debt index from...
No talks for price freeze for now, says Trade dep’t
THE DEPARTMENT of Trade and Industry (DTI) said it has no immediate plans to impose a price freeze on basic goods, as manufacturers continue...
Shares slip as market weighs BSP hike, ME war
PHILIPPINE SHARES declined further on Thursday on concerns over the Middle East (ME) conflict, with the Bangko Sentral ng Pilipinas (BSP) also delivering a...
BSP hikes rate as war sends inflation past target
The Philippine central bank increased its benchmark interest rate for the first time in more than two years, warning of a deteriorating inflation outlook...
Philippines to join JPMorgan emerging market bond index in 2027
LONDON — J.P. Morgan said on Wednesday that Saudi Arabia and the Philippines will be added to its ‌local currency emerging market debt index...