Expectations of as much as 100 basis points (bps) in interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) next year would put more pressure on domestic banks’ margins, according to debt watcher S&P Global Ratings. In a recent report, S&P Global forecast the BSP policy rate to drop further...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
Philippine factory growth showed recovery in June from May’s notable loss as production improved, and new orders increased at a faster rate. According to the latest data from debt watcher S&P Global, there was a “slight revival in the Filipino manufacturing sector” last month following a...
While geopolitical tensions and the United States’ (US) tariffs have been spilling over to the Philippines, debt watcher S&P Global said the country’s 10 largest banks are stable enough against external risks. “Large banks are on solid ground amid tariff tensions,” Nikita Anand, director at...
The Armed Forces of the Philippines (AFP) unveiled the newest drop zone of the Philippine Army’s Special Forces Regiment (Airborne) SFR(A) dedicated to a veteran of the Vietnam War. The “Magno Marker” or drop zone Magno was launched in honor of retired major general Jose “Joemag” P....
Debt watcher S&P Global has revised upwards its 2025 gross domestic product (GDP) growth forecast for the Philippines to a pace that would make it at par with region’s best performer Vietnam’s projected growth of 5.9 percent. According to the latest report of S&P Global, published on Tuesday,...
While the Philippine peso is expected to weaken further due to pressure from the latest central bank easing and ongoing Israel-Iran tensions, the University of Asia and the Pacific (UA&P) has projected that second-quarter economic growth accelerated faster than in the first quarter on still-tame...
Ayala Corp., the country’s oldest conglomerate, has successfully raised ₱20 billion from the issuance of preferred class “B” shares, which it listed on the Philippine Stock Exchange (PSE) on Thursday, June 19. The Zobel-led firm said in a statement that the offering attracted substantial...
Prior to moving to the Department of Environment and Natural Resources (DENR), former Energy Secretary Raphael P.M. Lotilla said that the country’s energy situation has somehow improved under his wing, even as other problems have yet to find their solutions. During his final press briefing as...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has secured an over ₱14-million funding from the Manila-based Asian Development Bank (ADB) to harmonize and digitize reporting among state corporations. In 2025, we are proud and honored to have created a partnership...
Concepcion Industrial Corporation (CIC), the country’s leading provider of consumer lifestyle and enterprise solutions, is discussing with San Miguel Corporation its possible participation in the rehabilitation of the three terminals of the Ninoy Aquino International Airport. In a discussion with...
While it leads the air-conditioning and refrigerator market, Concepcion Industrial Corporation is seeking to increase its revenue share and market share of its business-to-business (B2B) and other residential appliances units. In an interview, CIC Chairman Raul Joseph A. Concepcion said increasing...
