It seems to be a foregone conclusion that the Marcos Jr. (BBM) Administration will not be able to achieve its target of bringing down the Philippine poverty incidence to a single digit by the time it exits in July 2028. Most probably, this poverty rate will return to close to 16 percent of the...
CALAPAN CITY, Oriental Mindoro – The lone electric distributor of this province has requested the Energy Regulatory Commission to approve their petition to increase power rates to enable them to recover the long-delayed portion of their generation costs amounting to P97.7 million. In a letter...
State-run think tank Philippine Institute for Development Studies (PIDS) is urging the government to overhaul its energy subsidy frameworks, warning that design flaws are allowing wealthy households and profitable private resorts to capture millions of pesos intended for marginalized consumers. In...
Philippine bond yields posted one of the largest increases in emerging East Asia in recent months as the war in the Middle East fueled inflation, prompted tighter monetary policy, and heightened investor concerns over the country’s economic vulnerabilities, according to the Asian Development Bank...
De La Salle University (DLSU) economists have lowered their 2026 economic growth forecast anew, warning that mounting global and domestic shocks could leave the Philippine economy posting its slowest post-pandemic expansion this year. In their latest report on the Philippine economy for June 2026...
Philippine equities and the local currency rallied sharply on Monday, June 15, as global markets reacted to the breakthrough diplomatic agreement between the United States (US) and Iran. The surprise interim deal, which includes plans to lift the blockade on the Strait of Hormuz and restore...
The World Bank Group (WBG) has lowered its 2026 growth forecast for the Philippines to 3.7 percent, warning that the ongoing war in the Middle East is weighing heavily on energy-importing economies and threatening to push global growth to its weakest pace since the onset of the Covid-19 pandemic....
Rising living costs are forcing more Filipino households to sacrifice long-term financial security in order to cope with immediate financial pressures, according to the latest Financial Resilience Index released by Sun Life Philippines. In a statement on Thursday, June 11, the insurer said its...
Quezon City reports that more than 84 percent of small businesses assisted through its Pangkabuhayang QC (PBQC) livelihood program remain operational, as applications open for the next round of support for micro, small, and medium enterprises (MSMEs). Applications for PBQC Phase 6 (Batch 1) are...
Malacañang said the recent slowdown in the unemployment rate will not lead the government to become complacent in addressing unemployment in the country. Unemployment rate slowed down to 4.7 percent in April from 5.8 percent in March. Employment rose to 48.89 million in April 2026, with the...
ILOILO CITY – Crime in Western Visayas dropped by 67 percent during the first two weeks of Police Brig. Gen. Randulf Tuaño as Police Regional Office-6 chief. Tuaño said PRO-6 units recorded 11 cases of eight focus crimes from June 1 to June 7, compared to 33 from May 25 to 31. The eight focus...
The Bangko Sentral ng Pilipinas (BSP) would likely continue hiking interest rates this year despite the lower-than-expected inflation rate in May, even as the pace of monetary policy tightening may be more gradual as economic growth remains subdued, according to Singapore-based United Overseas Bank...
