The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
The jump in the March inflation rate has set the stage for a potential 50-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP) during the second quarter, according to global investment banking giant Goldman Sachs. In an April 7 report obtained by Manila Bulletin, Goldman Sachs...
If the war in the Middle East prolongs and global oil prices continue to skyrocket, the Philippine peso could breach the ₱61:$1 level in the second quarter of 2026 and even hit as low as ₱62 to ₱64 against the United States (US) dollar. “Our base case forecasts for the US dollar-Philippine...
Renewed Houthi attacks in the Red Sea are seen aggravating oil price- and supply-driven inflation pressures in the Philippines stemming from the ongoing war in the Middle East. “While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited,...
The Philippines is projected to increase its consumption of wheat-based products in the current marketing year (MY) to nearly seven million metric tons (MT), although rising input costs may temper growth, according to the United States Department of Agriculture (USDA). In a report, the USDA...
The research arm of Frankfurt-based Deutsche Bank believes the Bangko Sentral ng Pilipinas (BSP) could eventually hike the 4.25-percent key interest rate over upcoming policy meetings, but the cycle could end after a maximum of three hikes as the Philippines still grows below potential. “Prices...
Investors’ risk-off sentiment amid rising oil prices continued to lift the United States (US) dollar, while the Philippine peso remained on the losing end, plummeting anew to a level approaching the ₱61-per-dollar mark. The peso fell to another record low against the US dollar for the third...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to abandon its steady policy stance as domestic and foreign lenders warn that persistent supply shocks are beginning to seep into the broader economy. A growing chorus of economists expects the BSP to raise its benchmark interest...
In line with fiscal discipline amid the fuel price crisis, House Deputy Speaker Iloilo 1st district Rep. Janette Garin is calling on the national government to temporarily defer non‑essential research projects in agencies, as well as certain Gender and Development (GAD) activities, in accordance...
The local government of Pasig and the Philippine Energy Research and Policy Institute (PERPI), a government research institute, signed a Memorandum of Understanding (MOU) to strengthen the city’s capacity in promoting programs for efficient energy use and conservation. The signing ceremony was...
As the world grapples with complex challenges—from climate change and food security to disaster resilience—the Philippines is looking to its young minds for solutions. During the opening of the 2026 National Science and Technology Fair (NSTF) on March 10, Department of Education (DepEd)...
Seeking to bridge the gap between research and real-world applications, the Department of Science and Technology (DOST) is pushing for stronger mechanisms to ensure that innovations developed in Philippine laboratories reach industry, communities, and the broader economy. During the Ready, Set,...
