ESCAP sees GDP growth at 5.2% barring prolonged ME conflict
THE PHILIPPINES is still expected to be the second fastest-growing economy in Southeast Asia this year, but the highly volatile situation in the Middle...
Philippines鈥 foreign debt service bill surged in January, BSP data show
THE PHILIPPINES鈥 external debt service burden surged in January due to a spike in principal payments as obligations matured, preliminary central bank data showed.
Growth may slow to 4% as oil shock hits consumption, BMI says
PHILIPPINE economic growth could slow to as low as 4% this year if the Middle East war escalates further as higher pump prices and...
PHL 鈥楢鈥 rating goal at risk as war dims prospects
THE PHILIPPINES might miss its target of achieving an 鈥淎鈥-level credit rating within the next two years as another debt watcher cut its outlook for the country, with the Middle East war and slowing public investments putting the country鈥檚 growth prospects at risk.
Peso slides on concerns over Fed path, US-Iran ceasefire
THE PESO again sank to the P60 level versus the dollar on Wednesday as concerns over the US Federal Reserve鈥檚 future policy path added...
PSEi falls to 5,900 level on war woes, BSP bets
PHILIPPINE SHARES retreated on Wednesday, pulling the main index back to the 5,900 level, as investors turned cautious amid worries over the Middle East...
PHL urged to adjust fiscal stance amid downgrade risk
ECONOMISTS said the government should adjust its fiscal stance amid an oil price shock after Fitch Ratings revised its outlook for the Philippines to...
Philippines adopts rules to lock in POGO ban
THE GOVERNMENT is adopting inter-agency procedures aimed at strengthening enforcement against offshore gaming operations and preventing their reemergence, Malaca帽ang said.
The standard operating procedures (SOP),...
Airline fuel surcharge raised to near-maximum level
THE CIVIL Aeronautics Board (CAB) raised the passenger fuel surcharge to Level 19 for April 16-30, the highest since 2022 and just below the maximum allowable rate, increasing fares for flights booked during the period.
PHL rice imports may hit 4.8 MMT
THE PHILIPPINES鈥 rice imports this year could reach 4.8 million metric tons (MMT), potentially matching or exceeding the elevated level recorded in 2024, as...
Philippines to join JPMorgan emerging market bond index in 2027
LONDON 鈥 J.P. Morgan said on Wednesday that Saudi Arabia and the Philippines will be added to its 鈥宭ocal currency emerging market debt index...
BSP hikes rate as war sends inflation past target
The Philippine central bank increased its benchmark interest rate for the first time in more than two years, warning of a deteriorating inflation outlook...