BIR April collections top target, hit P422 billion
THE BUREAU of Internal Revenue (BIR) said its gross collections rose to P422.378 billion in April, exceeding its target for the month despite the...
Senate turmoil seen weighing on confidence as stagflation risks rise
THE PHILIPPINE ECONOMY could face mounting pressure from rising political instability, with economists and business groups warning that this week’s chaos at the Senate...
Q1 foreign investment pledges surge 52.3%
FOREIGN INVESTMENT pledges in the Philippines rose by 52.3% in the first quarter from a low base a year earlier, although commitments fell to their lowest level in four quarters as analysts cited geopolitical uncertainty, elevated costs, and weaker domestic growth as risks to investor sentiment.
ADB offers Philippines up to $1.75B in funding support as Iran war hits economy
THE ASIAN Development Bank (ADB) has offered the Philippine government up to $1.75 billion in additional financing support to help it manage the economic...
March remittance growth slowest in nearly three years
MONEY sent home by Filipinos abroad rose by year on year 2.3% in March, the slowest growth seen in nearly three years, according to...
PSEi may stay weak on profit-taking, global risks
PHILIPPINE STOCKS may remain under pressure this week as investors lock in gains from the market’s recent rally amid lingering geopolitical tensions, inflation concerns and domestic political noise.
Peso may test P62 versus dollar on Iran war, local political turmoil
THE PESO could weaken further and test the P62-a-dollar level this week as the unresolved US-Israel war on Iran continues to boost demand for the greenback and drive oil prices higher, while political tensions at home weigh on sentiment.
Philippines ranks four spots lower in global good governance index
THE PHILIPPINES dropped by four spots to rank 59th out of 133 countries in a good governance index after recording low scores for key indicators like leadership and foresight, global influence, and reputation.
Long Iran war may force BSP to hike rates aggressively
THE RISK of inflation rising faster than expected and hitting double-digit pace as the Middle East war drags on may push the Bangko Sentral...
Infrastructure spending down 48% as corruption mess slows disbursements
INFRASTRUCTURE SPENDING slumped by 48% year on year in March due to lower disbursements and tighter processes in the wake of a corruption scandal involving government projects.
Banks’ NPL ratio improves in March
THE PHILIPPINE BANKING sector’s nonperforming loan (NPL) ratio declined in March, data from the Bangko Sentral ng Pilipinas (BSP) showed, reflecting borrowers’ strong repayment capacity despite the Middle East war.
Peso sinks to new record low for third straight day as war drags on
THE PESO dropped to new record low on Monday as the Strait of Hormuz’s continued closure due to the standoff between the United States...