The research arm of Frankfurt-based Deutsche Bank believes the Bangko Sentral ng Pilipinas (BSP) could eventually hike the 4.25-percent key interest rate over upcoming policy meetings, but the cycle could end after a maximum of three hikes as the Philippines still grows below potential. “Prices...
China is intentionally ramping up its maritime aggression and ship deployments in the West Philippine Sea (WPS) to take advantage of global distractions caused by the ongoing conflict in the Middle East. Rear Adm. Roy Vincent Trinidad, Armed Forces of the Philippines (AFP) spokesperson for WPS,...
The national government nearly doubled its gross borrowings to ₱408.2 billion in January as the Marcos administration front-loaded its financing requirements to take advantage of favorable market conditions. According to the latest data from the Bureau of the Treasury (BTr), gross borrowings...
Malacañang said the ongoing conflict in the Middle East has contributed to the Philippine peso’s decline to a record low. Although Palace Press Officer and Communications Undersecretary Claire Castro did not entirely attribute the weakening of peso against US dollar to the ongoing war, she said...
Amid the ongoing conflict in the Middle East that had pushed fuel prices, including liquified petroleum gas (LPG), to record highs, small eateries in Manila continue to grapple with the volatile economic situation, forcing them to turn to traditional and often cheaper alternatives just to keep...
Eight bus companies and operators are now in trouble after they were accused of charging their passengers with additional fare without the approval of the national government. The Land Transportation Franchising and Regulatory Board (LTFRB) said it already issued a show cause order (SCO) against...
While global oil shocks have yet to fully affect the Philippine economy since the flare-up of United States (US)-Iran military hostilities a month ago, the Bangko Sentral ng Pilipinas’ (BSP) minimum inflation assumption is that March accelerated at the fastest pace in at least 19 months. Seen as...
A total of 23,630 beneficiaries belonging to various transport groups and sectors in Manila have received the P5,000 fuel subsidy courtesy of the national government as aid amid the skyrocketing of fuel prices caused by the Middle East war, Manila Mayor Francisco "Isko Moreno" Domagoso said on...
Now is not the time for mudslinging and politicking while the country is reeling from the impacts of the conflict in the Middle East, Malacañang said. "Ang kailangan lang natin ay magkaroon ng pag-unawa, pag-intindi at kumbaga lahat tayo dito ay magtutulungan (All we need is to have understanding,...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to abandon its steady policy stance as domestic and foreign lenders warn that persistent supply shocks are beginning to seep into the broader economy. A growing chorus of economists expects the BSP to raise its benchmark interest...
Most small fishers in Cavite have stopped fishing as they can no longer afford the skyrocketing price of diesel, fishers’ group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) said on Monday, March 30. Richard Catenza, the president of Pamalakaya-Cavite, said small fisherfolk...
The Manila City government recorded over 28,000 commuters who benefitted from the first day of its "Libreng Sakay" program on Monday, March 30, aimed at providing the public with free rides while the city government subsidizes the daily earnings of participating jeepney drivers. First announced by...
