Peso down as oil surge, Iran war lift demand for greenback
THE PESO slipped to a near two-week low on Tuesday as investors moved into the dollar amid rising global oil prices and continued uncertainty...
PSEi falls as profit-taking, war weigh on sentiment
THE Philippine Stock Exchange index (PSEi) edged lower on Tuesday as investors booked profits amid renewed concerns over the Iran war’s impact on global oil supply and weaker domestic economic signals.
Canada to invest $2 million in economic hub in the Philippines
MANILA — Canada is investing $2 million in an economic hub in the Philippines backed by the United States and Japan, its trade minister...
March bank lending growth at seven-month high
PHILIPPINE BANKS’ lending to businesses and consumers marked its fastest expansion in seven months in March, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Outstanding...
FDI inflows slump 31% in February
NET INFLOWS of foreign direct investments (FDIs) into the Philippines declined by nearly 31% year on year in February, the Bangko Sentral ng Pilipinas (BSP) said.
Household spending growth seen slowing amid inflation, oil shock
HOUSEHOLD spending growth in the Philippines is expected to slow this year as elevated inflation, weak consumer confidence, and higher oil prices due to...
House sends VP Duterte impeachment case to Senate
THE HOUSE of Representatives on Monday approved the articles of impeachment against Vice-President Sara Duterte-Carpio after 257 lawmakers voted in favor during plenary session at the Batasang Pambansa, formally sending the case to the Senate for trial.
PPP Center says commitments ‘intact’ despite cost pressures
THE Public-Private Partnership (PPP) Center said infrastructure commitments under existing PPP projects remain intact despite rising global cost pressures linked to the conflict in the Middle East.
Diesel prices set for nearly P10 rollback
MOTORISTS can expect a sharp rollback in diesel and kerosene prices this week, while gasoline prices are set to edge higher, amid easing global...
Philippine peso’s falling trajectory defies rate hike expectations
THE Philippine peso is likely to sink to new lows against the dollar as the country’s outsized vulnerability to high energy costs offsets expected...
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...
Philippine lawmakers impeach presidential hopeful Sara Duterte
MANILA — Philippine lawmakers on Monday overwhelmingly backed the impeachment of Vice President Sara Duterte-Carpio, setting the stage for a trial in the Senate...