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 Philippine Coast Guard (PCG) deployed its ships and aircraft to drive away four Chinese research vessels detected operating in Philippine waters without authorization on Sunday, May 3, as a separate civilian mission to Pag-asa (Thitu) Island in the West Philippine Sea (WPS) drew praise from the...
Farm materials that once had little value are now finding a new purpose, as a facility in Laguna helps turn agricultural by-products into sources of income for local communities. This is what a new facility in Laguna is doing; turning agricultural byproducts into higher-value products, as the...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate by 25 basis points (bps) to 4.5 percent to confront war-driven price hikes head-on, according to investment banking giant Goldman Sachs. “Given its price stability mandate, we believe the BSP will hike...
While Asian currencies have been on a modest decline since Middle East tensions flared up, Japanese financial giant MUFG Bank Ltd. said the Philippine peso was the biggest loser among regional currencies, given the domestic economy’s high exposure to imported oil. Separately, think tank Capital...
Top-ranking congressmen hailed the apparent restoration of public trust in the leadership of President Marcos during what could be described as a very challenging political period. House Deputy Speakers Zambales 1st district Rep. Jay Khonghun and La Union 1st district Rep. Paolo Ortega V pointed to...
House Deputy Speaker La Union 1st district Rep. Paolo Ortega V highlighted on Monday, April 20, the majority support for an impeachment trial against Vice President Sara Duterte coming from survey respondents in her home turf of Mindanao. Ortega was referring to the results of OCTA Research 's...
Private sector economists are split over whether the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this week, as the need to anchor inflation expectations and defend the peso battles concerns over the fragile economic recovery. Of 10 economists surveyed, five expect a 25-basis-point...
Delays in implementing major tax measures have proven to be a friction in the Philippines’ target of raising higher revenues in recent years, a fiscal condition further worsened by the persistent increase in national government (NG) debt. According to Singapore-based ASEAN+3 Macroeconomic...
With headline inflation accelerating more than expected in March, Frankfurt-based Deutsche Bank AG warned that spillover effects from rising energy costs could soon start to surface across other sectors of the local economy. Deutsche Bank Research noted in its April 10 report that in the...
The collapse of peace talks between the United States (US) and Iran over the weekend could hurt semiconductor manufacturers in Asia, including the Philippines, according to British banking giant Barclays. “A prolonged energy disruption could lead to a tail-risk scenario that hits semiconductor...
