The Office of the Ombudsman (OMB) said the “conflict of interest” complaints against Tarlac Second District Rep. Cristy Angeles and Uswag Party-list Rep. Jojo Ang are moving to the preliminary investigation stage, while similar complaints involving CWS Party-list Rep. Edwin Gardiola and former...
The Philippine National Police (PNP) on Wednesday said it now has two "persons of interest" (POI) in the fatal shooting of an American marine scientist and the alleged sexual assault of his Filipino partner in Sibulan, Negros Oriental. Negros Oriental Police director, Police Col. Timmar Alam, said...
Elevated energy costs, weak investment, and softer domestic demand are slowing the Philippines’ recovery from its recent growth slump, according to Singapore-based United Overseas Bank Ltd. (UOB), warranting continued monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP). In its...
Ombudsman Jesus Crispin “Boying” Remulla on Saturday, July 11, told politicians to choose between doing business and serving in government, saying public officials should stop engaging in government contracting amid the Office of the Ombudsman’s continuing conflict-of-interest...
The Bangko Sentral ng Pilipinas (BSP) is facing intensifying pressure to aggressively tighten monetary policy, with private-sector economists predicting up to 175 basis points in interest-rate hikes this year as geopolitical conflict and severe weather threaten to upend the inflation outlook. A...
The Asian Development Bank (ADB) slashed its Philippine economic growth forecast to 3.8 percent this year, which, if realized, would be the country’s slowest post-pandemic expansion amid delayed investments, higher inflation, and risks from climate shocks. In its Asian Development Outlook (ADO)...
The central bank is grappling with an “unusual” inflation shock following the historic ₱85 daily minimum wage hike in Metro Manila, though a hyper-aggressive policy response is unlikely, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. On the sidelines of a BSP book...
Currency pressures from the global oil shock have dissipated, allowing the Philippine peso to rebound and even outperform other regional currencies, Singapore-based UOB said, which expects the previously battered currency to fare better against the United States (US) dollar thanks to falling oil...
American financial giant Goldman Sachs Group Inc. expects the Bangko Sentral ng Pilipinas (BSP) to raise key borrowing costs through three more 25-basis-point (bp) hikes to 5.5 percent, citing the looming inflation threat from El Niño coupled with the oil shock—a “quicker” transmission of...
The Office of the Ombudsman (OMB) on Thursday, July 2, disclosed that the conflict-of-interest complaints against two lawmakers whom the anti-graft body referred to as “congtractors” have been elevated to the preliminary investigation (PI) stage. “As a general rule kasi, pag fact-finding...
British banking giant HSBC expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by another 75 basis points (bps) following its recent hikes as inflation is projected to significantly overshoot the target ceiling this year, while economic growth remains dampened. “Higher oil...
Think tank Capital Economics expects the Philippine economy to grow below the government’s downgraded targets over the next three years, warning that the country’s recovery would likely remain sluggish as weak confidence, tight fiscal policy, and the lingering impact of recent shocks weigh on...
