Market concerns flared up following the expiry of the two-month truce between the United States (US) and Iran, pushing the peso closer to another record low of ₱62 per US dollar. The local currency dropped as much as 0.3 percent to touch an intraday record low of ₱61.995 per dollar in morning...
Growth in money sent home by overseas Filipinos slowed to its weakest pace in more than four years in June, as softer economic conditions in host markets and escalating geopolitical tensions in the Middle East dampened worker inflows. According to the latest data from the Bangko Sentral ng...
President Marcos retains ample fiscal room to expand government borrowing to support infrastructure and development programs, according to his chief economic manager, brushing off concerns over sovereign debt that has climbed to its highest level relative to economic output in more than two...
Lending growth at the country’s big banks slowed to a four-month low in June as corporate borrowers and households took a more cautious approach, dampening overall demand for credit. Outstanding loans issued by universal and commercial banks (U/KBs) expanded 9.8 percent from a year earlier to...
Money sent home by overseas Filipinos (OFs) fell to $2.71 billion in May, dropping to its lowest level in a year and signaling that growth may be losing steam amid renewed deployment risks stemming from the Middle East conflict. The latest Bangko Sentral ng Pilipinas (BSP) data released on...
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...
Consumer prices likely moderated in June on the back of lower food and fuel costs, though sticky underlying pressures are poised to keep the central bank on a hawkish path. Headline inflation may have cooled to as low as six percent last month, the Bangko Sentral ng Pilipinas (BSP) said in a...
Companies scaled back borrowing from Philippine banks’ foreign currency funds in the first quarter, pulling total loans down to $15.44 billion as high global interest rates made dollar debt increasingly expensive. According to the latest data from the Bangko Sentral ng Pilipinas (BSP),...
Enrique M. Aboitiz, chairman of Aboitiz Equity Ventures Inc., was appointed as an independent director to the board of International Container Terminal Services Inc., the port operator led by billionaire Enrique Razon. Aboitiz will join the board on Jan. 1, 2026, to serve the unexpired term of...
In March 1996, the quiet towns of Marinduque became the epicenter of news headlines when a mine tailings spill from the Marcopper Mining Corporation unleashed devastation across the province. Over two million metric tons of toxic mine waste flowed into the Boac and Makulapnit Rivers, poisoning...
DAVAO CITY (PNA) – At least 126 people were downed by a diarrhea outbreak in Barangay Napungas, Asuncion, Davao del Norte, an official said Thursday, Aug. 18. WATER containers are prepared for distribution to residents after a diarrhea outbreak in Barangay Napungas, Asuncion Davao del Norte....
Ma-an L. Asuncion-Dagñalan gets ready for her Cinemalaya debut Cinemalaya is now a debutante! Its 18th edition is slated from Aug. 5 to 14 at cinemas and the Cultural Center of the Philippines. We take a look at one of the newest female filmmakers in the lineup, Ma-an L. Asuncion-Dagñalan...
