Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank. In a May 3 report received by...
Port operator International Container Terminal Services Inc. (ICTSI) saw record-high earnings of $239.54 million in the first quarter of the year, driven by strong growth in its international portfolio, which remains relatively unaffected by recent trade upheavals caused by tariffs imposed by the...
With United States (US) President Donald Trump shutting down the Millennium Challenge Corp. (MCC), the threshold program that the US aid agency had been developing with the Philippines will no longer push through. But Finance Secretary Ralph G. Recto, the Marcos administration 's chief...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy. The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
Emerging market (EM) currencies, including the Philippine peso, gained versus the United States (US) dollar in the aftermath of US President Donald Trump's tariff spree, according to the think tank Capital Economics. "EM currencies have generally strengthened against the dollar since 'Liberation...
President Marcos got to have short exchanges with United States President Donald Trump and former US president Joseph Biden as they attended Pope Francis' wake at the Vatican on Saturday, April 26. SHORT MEETING — President Ferdinand 'Bongbong' Marcos Jr. exchange pleasantries with US President...
President Donald Trump, right, meets with Russian President Vladimir Putin at the G-20 Summit in Hamburg, July 7, 2017. (AP Photo/Evan Vucci, File) WASHINGTON (AP) — Even in the realm of Donald Trump's long-preferred style of punch-through-the-static communication, this was quite...
Amid a looming global trade war, the World Bank slashed its 2025 and 2026 growth forecasts for the Philippines to levels that would bring two-year economic expansion to their slowest pace post-pandemic. According to the Washington-based multilateral lender’s East Asia and Pacific Economic Update...
An abandoned car stands against the background of damaged buildings in central Pokrovsk, the site of the heaviest battles with the Russian troops in the Donetsk region, Ukraine, Wednesday, April 23, 2025. (AP Photo/Michael Shtekel) KYIV, Ukraine (AP) — President Donald Trump on Wednesday...
The Philippines' economic growth would fall below expectations in the next two years as the threat of a global trade war intensifies, according to the International Monetary Fund (IMF). In its April 2025 World Economic Outlook (WEO) report, published on Tuesday night, April 22 (Philippine time),...
The local stock market inchd up despite losses in the US caused by Trump’s increasing attempts to influence the US Federal Reserve. The main index added 7.59 points or 0.12 percent to close at 6,145.59 as Miners led the advance, with only Banks retreating. Volume was thin at 593 million shares...
The peso gained a hefty 19 centavos against the United States (US) dollar on Monday, April 21, closing at ₱56.61 from ₱56.8 last April 16. Philippine markets were closed during the observance of Holy Week. The local currency hit an intraday high of ₱56.48 and a low of ₱56.65 after opening...
