Banks will be allowed to temporarily exclude valuation losses on government securities (GS) from their capital calculations after the Bangko Sentral ng Pilipinas (BSP) approved a regulatory relief measure in a bid to mitigate the financial impact of the ongoing Middle East conflict. In a memorandum...
Team Philippines capped its perfect run with a masterful 10-0 victory over Hong Kong to sweep the ASPAC and Middle East Regional Tournament and earn its ticket to the 2026 Senior League Baseball World Series in South Carolina, USA. The humble Tanauan City, Batangas-based squad completed its mastery...
The long-awaited ceasefire in the Middle East is expected to ease upward pressure on production costs and help boost local rice production, the Department of Agriculture (DA) said. DA Secretary Francisco Tiu Laurel Jr. said the local agriculture sector breathed a sigh of relief after the United...
President Marcos and German President Frank-Walter Steinmeier both agreed that the new agreement between the United States and Iran, which include the reopening of the Strait of Hormuz, is a good step towards peace. Both leaders shared the same position over the key development in the Middle East...
Philippine bond yields posted one of the largest increases in emerging East Asia in recent months as the war in the Middle East fueled inflation, prompted tighter monetary policy, and heightened investor concerns over the country’s economic vulnerabilities, according to the Asian Development Bank...
De La Salle University (DLSU) economists have lowered their 2026 economic growth forecast anew, warning that mounting global and domestic shocks could leave the Philippine economy posting its slowest post-pandemic expansion this year. In their latest report on the Philippine economy for June 2026...
Emerging market (EM) Asian currencies continue to bear the brunt of ongoing geopolitical rifts, with the peso suffering the deepest decline among the region’s energy-importing economies since conflicts in the Middle East flared up nearly four months ago. According to a report published last...
The Asian Development Bank (ADB) is mobilizing $4 billion in financing to help its developing member countries (DMCs) cope with the economic fallout from the ongoing war in the Middle East, with the Philippines among those seeking assistance as higher fuel, food, fertilizer, and freight costs...
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....
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...
