The Washington-based International Monetary Fund (IMF) said it stands ready to deploy support to the Philippines should it request assistance during the ongoing Middle East war, assuring close engagement with local authorities through surveillance and policy advice. This remained the IMF’s...
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....
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
SENDAI, Miyagi Pref. (Jiji Press) -- East Japan Railway Co. on Wednesday started operating a specially painted Shinkansen bullet train themed on the 25th anniversary of Tokyo DisneySea, a theme park near the Japanese capital. The train, painted with "jubilee blue," the anniversary 's theme...
Global debt watcher Fitch Ratings has lowered its outlook on the Philippine banking system to “deteriorating,” warning that exposure to the ongoing United States (US)-Iran war could dampen lending activity, raise credit costs, and squeeze profitability. Fitch wrote in a June 8 commentary that...
The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
Sustainability has long been a key consideration in responsible urban development, influencing how communities are planned, built, and managed. As cities continue to expand, features such as walkability, green open spaces, efficient infrastructure, and environmental stewardship remain essential to...
Empire East Land Holdings Inc., a subsidiary of billionaire Andrew Tan’s Megaworld Corp., is leaning into the middle-income housing market, betting that a shift away from luxury developments will shield it from broader real estate headwinds. During the firm’s annual stockholders’ meeting,...
EastWest Horizons redefines everyday banking by offering a rewards-driven experience tailored to customers ' goals. From two free InstaPay transfers every month and priority lane access in stores to a dedicated Relationship Officer, exclusive perks, and a welcome eGift upon joining, the...
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...
British banking giant Barclays now expects the Bangko Sentral ng Pilipinas (BSP) to deliver just one more interest rate hike this month before eventually returning to monetary policy easing, after inflation in May slowed more than anticipated. In a report obtained by Manila Bulletin,...
Japanese financial giant MUFG Bank Ltd. warned that the Philippine peso could plunge to as low as ₱64.5 against the United States (US) dollar if the Middle East war re-escalates, with the decline worsened further by a global “super” El Niño and a hawkish US central bank. MUFG analysts wrote...
