Shares slip as market weighs BSP hike, ME war
PHILIPPINE SHARES declined further on Thursday on concerns over the Middle East (ME) conflict, with the Bangko Sentral ng Pilipinas (BSP) also delivering a...
No talks for price freeze for now, says Trade dep’t
THE DEPARTMENT of Trade and Industry (DTI) said it has no immediate plans to impose a price freeze on basic goods, as manufacturers continue...
JPMorgan index may lift PHL bond demand
By Aaron Michael C. Sy, Reporter
THE Philippines is set to be added to JPMorgan Chase & Co.’s local currency emerging market debt index from...
March deficit widens as spending outpaces growth in revenues
By Justine Irish D. Tabile, Senior Reporter
THE National Government’s fiscal gap widened in March as spending growth outpaced revenue gains, even as the first...
BSP raises rates, signals more hikes
By Aaron Michael C. Sy, Reporter
THE PHILIPPINE central bank increased its benchmark interest rate for the first time in more than two years, while...
Philippine central bank chief signals more rate hikes as needed
MANILA — The Philippine central bank is prepared to do whatever necessary to contain inflation, its governor said on Friday, leaving the door wide...
PHL, US to break ground Clark AI hub in two years
THE Philippines is looking to break ground for its artificial intelligence (AI)-native industrial hub in two years, Bases Conversion and Development Authority (BCDA) said.
“This...
Peso may drop to new lows amid fading US-Iran peace prospects
THE PESO could slide further against the dollar and even test new record lows as the escalating Middle East conflict’s impact on global crude...
Stocks may drop further on bearish sentiment
PHILIPPINE STOCKS may continue to move lower this week as the market stays defensive amid the deadlock between the United States and Iran and...
Gov’t agencies told to cut spending amid oil crisis
THE DEPARTMENT of Budget and Management (DBM) has ordered government agencies to cut spending and defer selected projects to free up funds to cushion...
Water firms ramp up efforts ahead of El Niño
WATER PROVIDERS in Metro Manila and nearby areas are stepping up preparations to secure supply after the weather bureau warned of a possible El Niño developing by midyear.
Philippine business confidence weakest in over 25 years in March
BUSINESS CONFIDENCE fell to its weakest in more than 25 years in March as firms turned pessimistic on expectations that higher fuel costs from...