The Motorcycle Development Program Participants Association Inc. (MDPPA) is optimistic that motorcycle sales will remain on an upward trajectory in the coming months, as higher fuel prices are expected to spur stronger demand for two-wheeled vehicles. As fuel prices remain elevated due to the...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to deliver a more aggressive interest rate hike or a rare off-cycle move after inflation surged to a three-year high in April. British banking giant Barclays is now pricing in three consecutive 25-basis-point increases, which would...
Headline inflation or annual price increases soared to a 37-month high of 7.2 percent in April, mainly as domestic fuel and food prices skyrocketed due to the global oil price and supply shocks caused by the prolonged war in the Middle East. The Philippine Statistics Authority ’s (PSA) latest...
Global port operator International Container Terminal Services Inc. (ICTSI) reported a 23 percent increase in profits for the first quarter, as its expansive portfolio of terminals remained resilient despite geopolitical conflicts and their impact on global trade. In a disclosure to the Philippine...
The Philippines’ manufacturing sector slipped into contraction in April amid the prolonged war in the Middle East that has driven up costs and disrupted trade flows, according to market intelligence firm S&P Global. The country ’ s purchasing managers’ index (PMI) fell to 48.3 last month...
Samarkand, UZBEKISTAN — Central bank and finance chiefs from across the Association of Southeast Asian Nations (ASEAN), China, Japan, and South Korea are bracing for slower economic growth and higher inflation risks amid a prolonged war in the Middle East. In a joint statement on Sunday, May 3,...
Signs of stagflation are surfacing in the Philippine economy as it enters the second quarter of 2026, with private sector economists warning of a precarious mix of stalled growth and surging consumer prices. The country’s economic output likely posted only a tepid recovery from the previous...
The peso is at risk of crumbling to a record low of ₱63 against the United States (US) dollar if a protracted Middle East conflict drives oil prices higher and forces Washington to adopt a more hawkish policy stance. Estimates by the Japanese financial giant MUFG Bank Ltd. show that in a risk...
High food prices in the Philippines are likely to persist over the long term unless the government accelerates the adoption of technologies that reduce dependence on foreign inputs and safeguard local production, the United Nations’ Food and Agriculture Organization (FAO) said. In its latest...
Senator Imee Marcos has called on the government to aggressively pursue direct government-to-government (G2G) oil procurement to cushion the impact of the ongoing global oil crisis. Marcos pointed this out as she questioned the government’s inability to pursue a G2G deal with Russia. The...
The Department of Migrant Workers said on Saturday, May 2, that around 1,300 Filipino seafarers have safely crossed the Strait of Hormuz while 14 others are attempting to traverse the waterway amid the ongoing ceasefire in the Middle East crisis. "Sa Strait of Hormuz naman, ang minamanmanan natin...
