Philippines’ FDI net inflows fall 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...
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...
Philippines downplays stagflation risk, will boost spending
The Philippines pledged a rapid ramp-up in government spending starting this month to revive an economy hit by a sharp slowdown in growth and...
Southeast Asian leaders seek strategy to ease impacts of Iran war
CEBU, Philippines — Southeast Asian leaders at a summit on Friday stressed an urgent need to coordinate their response to the impacts of the...
Nickel associations of Indonesia, Philippines sign agreement on nickel cooperation
JAKARTA — The nickel associations of Indonesia and the Philippines on Friday signed a memorandum of understanding on nickel cooperation, Indonesia's coordinating ministry of...
Philippines’ dollar reserves slide to 15-month low at end-April
By Katherine K. Chan, Reporter
The Philippines’ gross international reserves (GIR) fell to its lowest level in over a year as its foreign exchange holdings...
Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Niño brings soaring temperatures and...