IMF sees Philippine recovery by early 2027 if oil shocks are short-lived
WASHINGTON, D.C. 鈥 The Philippines could regain its economic momentum later this year or by early 2027 if the energy shocks prove temporary and the local investment climate improves, the International Monetary Fund (IMF) said.
NG debt service bill surges in February
THE NATIONAL Government鈥檚 (NG) debt service bill surged more than sixfold in February, mainly due to a massive increase in domestic amortization, data from the Bureau of the Treasury (BTr) showed.
Poll: Slight majority sees BSP rate hike
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to raise interest rates for the first time in more than two years as inflation...
PSEi up on bargain hunting as ME war continues
PHILIPPINE STOCKS advanced on Monday as investors picked up bargains and with markets still on edge as the Middle East (ME) war continues amid...
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...
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).
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...
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.
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.
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...
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.
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...