The Bangko Sentral ng Pilipinas (BSP) is facing a delicate balancing act as foreign and local lenders price in a minimum five percent benchmark interest rate by the end of 2026. Economists said that mounting stagflationary pressures and the potential de-escalation of geopolitical conflicts in the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
The Philippines will hold the next round of negotiations for a free trade agreement (FTA) with the European Union (EU) next month, taking one step closer towards the conclusion of a historic deal that would grant wider market access to the country’s exports. Trade Undersecretary Allan Gepty told...
The Philippine government lost more than ₱80 billion in tax revenues in 2025 due to illicit tobacco and e-vapor activities, making the country the primary source of illegal vape leakages in Southeast Asia. This fiscal drain is a key finding of the latest study by the European Union-Association of...
NICOSIA, Cyprus (AP) — The European Union 's energy commissioner said Wednesday that while there is no immediate threat to jet fuel supplies, the possibility of a longer-term shortage cannot be ruled out. Commissioner Dan Jørgensen told reporters that any shortage will depend on how the...
MALASIQUI, Pangasinan – Inflation rates in Pangasinan and La Union accelerated sharply in April, rising to 7.4 percent and 7.5 percent, respectively, from 3.7 percent and 4.1 percent in March, according to the Philippine Statistics Authority (PSA)-Ilocos Regional Office. During a forum on...
SAO PAULO (AP) — Brazil said Tuesday that the European Union has moved to block its animal product exports from September, just days after a mega deal between the South American trade bloc Mercosur and the EU on a trans-Atlantic market estimated at $22 trillion went into effect, at least...
The provincial government of La Union has started the distribution of cash assistance to 209 farmers and fisherfolk as the first batch of recipients affected by super typhoon ‘’Uwan’’ (international name ‘’Fung-Wong’’) last year and amid the rising fuel costs. The first batch are...
SAN JUAN, La Union -- Defending champion Joo Dae Yeong dominated the flat Stage 11 of the Tour of Luzon with a long solo breakaway while Nikita Shulchenko remained firmly in control of the overall standings on Sunday, May 10, from Candon City, Ilocos Sur to the San Juan Town Hall here. The Korean...
SAN FERNANDO CITY, La Union – Five individuals were arrested for posing as tour guides and misusing the name of a grape brand in Bauang, this province. The La Union Police Provincial Office (LUPPO) has warned the public against illicit and unauthorized use of established grape farm brands...
Police Brig. Gen. Jovencio S. Badua Jr., a native of Bacnotan, La Union, is the Police Regional Office-1 (Ilocos) chief effective Friday, May 8. Badua assumed his post during a ceremony in Camp Crame, Quezon City. He replaced Police Brig. Gen. Dindo R. Reyes who was named head of the Directorate...
LAPU-LAPU CITY, Cebu — The European Union (EU) is hoping to complete negotiations for a free trade agreement (FTA) with the Philippines as early as this month, especially with only a few chapters left to be finalized. EU Ambassador to the Philippines Massimo Santoro said he is optimistic that the...
