BSP ready for monetary policy adjustments amid growing inflation risks
THE Bangko Sentral ng Pilipinas (BSP) said it may take 鈥渁ll necessary monetary actions鈥 to keep inflation in check amid rising price pressures after the April print exceeded its estimate.
Stocks recover on optimism over US-Iran deal
PHILIPPINE STOCKS rebounded on Wednesday on renewed optimism about peace in the Middle East, even as investors remained cautious over the economic impact of...
Philippine jobless rate jumps to 5% in March
The Philippine unemployment rate in March rose to 5%, according to the Philippine Statistics Authority (PSA), as labor force participation declined with more Filipinos...
Agricultural production falls 0.3% in Q1 on weaker crop, fisheries output
Agricultural production declined 0.3% year-on-year in the first quarter, driven by lower crop and fisheries output, the Philippine Statistics Authority (PSA) said.
The PSA reported...
Philippine inflation heats up to 3-year high in April
ELEVATED oil prices continued to feed into food and utility costs, pushing annual inflation to a three-year high of 7.2% in April, the Philippine Statistics Authority (PSA) said on Tuesday.聽聽
BSP to take 鈥榥ecessary action鈥 amid faster-than-expected April inflation
THE Bangko Sentral ng Pilipinas (BSP) said it will implement necessary measures to keep prices stable 鈥渨ithin a reasonable time鈥 after headline inflation accelerated past expectations in April.聽
Philippines now facing rising stagflation risks
STAGFLATION is now evident in the Philippines, an analyst said, as inflation accelerated to 7.2% in April while economic growth is expected to come in below 4% in the first quarter.
Uptrend in food inflation seen to persist until 2027
THE UPTREND in food inflation is expected to persist through 2027 amid mounting cost pressures, weather disruptions, and external risks due to the ongoing Middle East war, analysts said.
Peso edges higher as April inflation data bolster BSP rate hike hopes
THE PESO inched higher against the dollar on Tuesday as faster-than-expected April headline inflation supported bets of more rate hikes by the Bangko Sentral...
PHL shares fall as inflation surge hits sentiment
STOCKS fell to the 5,800 level again on Tuesday as the quicker-than-expected April Philippine headline inflation and the continuing conflict in the Middle East...
Philippines may need larger rate hike as inflation soars past 7%
The Philippine central bank will likely need to take more aggressive interest-rate hikes to tame the faster-than-expected inflation spurred by the Middle East war,...
Oil crisis pushes Philippine inflation to over three-year high in April
By Katherine K. Chan, Reporter
Elevated oil prices began to feed through food and utility costs, driving headline inflation to an over three-year high of...