Philippines gross foreign reserves slip to $104.1 billion by end-April
MANILA - The Philippines' gross foreign reserves dropped to $104.1 billion at the end of April, from $106.6 billion a month earlier, the central...
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.
Philippines鈥 debt-to-GDP ratio hits 21-year high at end of March
By Justine Irish D. Tabile, Senior Reporter
THE National Government (NG) debt as a share of gross domestic product (GDP) rose to 65.2% at...
BSP says it may resort to 鈥榤ore drastic鈥 action if inflation expectations worsen
THE Bangko Sentral ng Pilipinas (BSP) may resort to 鈥渕ore drastic鈥 action to tame inflation as rising rice prices and transport fares threaten to de-anchor inflation expectations, a senior official said.
Peso posts biggest one-day gain in a month on peace deal hopes
THE PESO jumped back to the P60-per-dollar level on Thursday, posting its largest one-day gain in nearly a month, as global crude oil prices...
PSEi jumps to three-week high on ME peace hopes
THE BENCHMARK INDEX returned to the 6,000 level on Thursday and hit a three-week high as sentiment turned positive on growing hopes for an...
Marcos faces crisis as fragile Philippines punished by oil shock
Philippine President Ferdinand Marcos Jr. is facing the country鈥檚 worst economic crisis since the pandemic as the energy shock unleashed by the Iran war...
Philippine growth unexpectedly slows in Q1 as inflation risks rise
Philippine growth unexpectedly slowed in the first quarter, leaving the country a laggard within the region and challenging policymakers trying to cool inflation and...
Philippines鈥 outstanding debt swells to P18.49 trillion in March
By Justine Irish D. Tabile, Senior Reporter
THE National Government鈥檚 (NG) outstanding debt rose to a fresh record high of P18.49 trillion as of end-March,...
Farm output shrinks by 0.3% in Q1
THE Philippines鈥 agricultural production shrank by 0.3% in the first quarter of the year, due to a decline in crop and fisheries output, the Philippine Statistics Authority (PSA) said.
PSA: 2.58 million Filipinos jobless in March
THE Philippine unemployment rate in March rose to 5%, as the number of jobless Filipinos jumped to 2.58 million amid the oil crisis, the Philippine Statistics Authority (PSA) said.
Peso rises on US-Iran deal hopes
THE PESO jumped against the dollar on Wednesday as global crude oil prices dropped after the United States and Iran signaled progress in their...