Prolonged Iran war may push Philippine inflation past 8% — HSBC
HEADLINE INFLATION could surge past 8% this year if the Middle East conflict remains unresolved, which could push the Monetary Board to hike policy rates to up to 6%, the Hongkong and Shanghai Banking Corp. Ltd. (HSBC) said.
Peso plummets to new low of P61.30Â
THE PESO tumbled to a new all-time low on Tuesday, breaching the P61 mark versus the dollar for the first time in history, on heightened inflation worries as global oil prices surged again after peace talks between the United States and Iran hit a deadlock.
Weak readiness, structural hurdles hamper AI-driven financial inclusion
ARTIFICIAL INTELLIGENCE (AI) could help bring more Filipinos into the formal financial system, but structural barriers and weak institutional readiness would limit its impact...
Southeast Asia office workers swelter in energy-saving drive, heat wave
A heat wave sweeping across Southeast Asia is making offices even warmer, as workers continue to adjust to energy-saving measures put in place by...
Mirova green fund exits Philippine debt after corruption scandal
MIROVA SA’s flagship green bond fund exited its position in Philippine debt following a corruption scandal that raised concerns investors may have inadvertently financed...
Philippine stocks rebound on bargain-hunting
PHILIPPINE SHARES recovered on Wednesday as players picked up bargains after the market’s five-day slide, even as sentiment stayed cautious amid a standoff between...
BSP study: Dollar strength, volatility drag Philippine investments
REAL INVESTMENT activity in the Philippines declines during periods of a strong and volatile dollar, underscoring the economy’s vulnerability to global financial shocks, according...
Peso sinks to fresh all-time low on strong dollar, surge in oil prices
THE PESO fell to a fresh record against the dollar on Wednesday, weighed down by broad dollar strength and rising global oil prices amid expectations of prolonged supply disruptions in the Middle East and a hawkish outlook for US monetary policy.
UAE exit from OPEC may ease oil prices if output rises — analysts
THE UNITED Arab Emirates’ (UAE) exit from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) could benefit oil-importing countries like the Philippines if it leads to higher output and softer prices, analysts said.
Philippine Q1 growth may slow amid Iran war
THE PHILIPPINE ECONOMY likely slowed in the first quarter as the prolonged Middle East war weighed on activity, with growth expected to fall below recent quarters and miss the government’s full-year target, the Economy chief said.
Philippines’ trade deficit widens to $4.5 billion in March
MANILA - The Philippines posted a trade deficit of $4.5 billion in March, wider than the previous months' gap of $3.7 billion, preliminary official...
BSP sees April inflation at 5.6% to 6.4%
Philippine inflation likely quickened to between 5.6% to 6.4% in April, driven by soaring prices of fuel, electricity and food, as well as the...