PHL 鈥楢鈥 rating goal at risk as war dims prospects
THE PHILIPPINES might miss its target of achieving an 鈥淎鈥-level credit rating within the next two years as another debt watcher cut its outlook for the country, with the Middle East war and slowing public investments putting the country鈥檚 growth prospects at risk.
Growth may slow to 4% as oil shock hits consumption, BMI says
PHILIPPINE economic growth could slow to as low as 4% this year if the Middle East war escalates further as higher pump prices and...
Philippines鈥 foreign debt service bill surged in January, BSP data show
THE PHILIPPINES鈥 external debt service burden surged in January due to a spike in principal payments as obligations matured, preliminary central bank data showed.
ESCAP sees GDP growth at 5.2% barring prolonged ME conflict
THE PHILIPPINES is still expected to be the second fastest-growing economy in Southeast Asia this year, but the highly volatile situation in the Middle...
Peso gains as traders await US-Iran talks, BSP policy
THE PHILIPPINE peso inched up against the dollar on Tuesday as traders stayed on the sidelines ahead of developments in US-Iran negotiations and the...
PHL stocks edge up ahead of BSP policy meeting
PHILIPPINE STOCKS inched higher on Tuesday, with investors largely staying on the sidelines ahead of the Bangko Sentral ng Pilipinas鈥 (BSP) policy meeting and amid lingering uncertainty over the US-Israel war on Iran.
Fitch revises Philippines鈥 outlook to 鈥榥egative鈥 as energy shock weighs on growth
Credit ratings agency Fitch revised the Philippines鈥 outlook to 鈥渘egative鈥 from 鈥渟table鈥 on Monday, citing risks to medium-term growth from disrupted public investment and...
BoP deficit widens to $2.6B in March
THE Philippines鈥 balance of payments (BoP) deficit widened in March, driven by the elevated trade gap and heightened geopolitical uncertainty, Bangko Sentral ng Pilipinas (BSP) data showed on Monday.
Philippine banks still in 鈥榞ood shape鈥 despite oil crisis 鈥 Remolona
WASHINGTON, D.C. 鈥 Several Philippine banks have flagged concerns about their capital levels, but the broader financial system remains in 鈥渧ery good shape鈥 despite shocks stemming from the Middle East conflict, the Bangko Sentral ng Pilipinas (BSP) said.
Energy department moves to limit oil price adjustments
THE GOVERNMENT has moved to limit fuel price adjustments as it aims to soften the impact of elevated costs on consumers who have questioned...
Vehicle sales fall in March as high oil prices dent demand
NEW VEHICLE SALES declined by 10.4% in March as soaring pump prices dented demand for passenger cars and commercial vehicles, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Peso ends higher in cautious trade amid war, BSP rate bets
THE PESO strengthened versus the dollar on Monday in cautious trading as markets monitored developments between the United States and Iran and before the...