The Philippines is facing an inflationary shock that could spill over to slower economic growth, potential job losses, and more capital market outflows amid a prolonged Middle East conflict, according to the World Bank. The global oil price and supply shock wrought by the war in Iran would “raise...
Renewed Houthi attacks in the Red Sea are seen aggravating oil price- and supply-driven inflation pressures in the Philippines stemming from the ongoing war in the Middle East. “While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited,...
Singapore-based United Overseas Bank Ltd. (UOB) expects the Bangko Sentral ng Pilipinas (BSP) to keep key interest rates unchanged this year, despite rising risks to growth and inflation from the ongoing war in the Middle East. “Amid persistent uncertainty over the Middle East conflict, we expect...
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...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
BACOLOD CITY – Six graduates of the Technological University of the Philippines-Visayas in Talisay City, Negros Occidental topped the recent Electronics Engineers and Electronics Technicians Licensure Examinations. Lexther Romel Paloma Kimpo placed fourth in the EELE with a 93.40 percent rating...
Even as foreign lenders expect the Bangko Sentral ng Pilipinas (BSP) to tighten sooner rather than later, as inflation could breach what is deemed manageable this year, the central bank decided to keep the policy rate unchanged in a rare off-cycle meeting on Thursday, March 26. While inflation is...
Asia’s 50 Best Restaurants unveiled the region’s premier dining destinations during a prestigious awards ceremony tonight, March 25, 2026, at the Kerry Hotel in Hong Kong. The Chairman of Hong Kong secured the top honor of the night, receiving a standing ovation from peers and industry leaders...
The National Book Development Board (NBDB) and the Filipino Critics Circle (FCC) proudly announce the 30 winning titles in the 43rd Annual National Book Awards (NBA), recognizing this cycle’s most outstanding locally published books across diverse genres and languages. Of 385 titles submitted...
The Senate on Monday, March 9, approved on third and final reading Senate Bill 1654, which seeks to abolish the Optical Media Board (OMB). Senator Robinhood Padilla, who sponsored the bill, said the agency has outlived its relevance as disc-based piracy has largely disappeared with the shift from...
There is still no decision yet from Manila for it to join the United States-led Board of Peace, the Department of Foreign Affairs said Friday, March 6. "Ang pagkakaalam ko po pinag-aaralan pa ng Pilipinas 'yung imbitasyon na 'yan (As far as I know, that invitation is still under...
Since its launch in 2023, the Philippine Book Festival (PBF), led by the National Book Development Board, has helped bring Filipino-authored books, educational materials, and creative works closer to the masses. The festival has drawn more than 120,000 visitors and, through its partnership with the...
