The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
Even before the ongoing global food crisis unleashed by the US-Iran war, the BBM Administration had already placed the highest priority on food security. In fact, for the first 14 months of his presidency, President Marcos Jr. personally occupied the position of Secretary of Agriculture. Following...
Philippine business sentiment collapsed into pessimistic territory in the first quarter as escalating Middle East tensions fueled fears of an energy price shock, according to the latest central bank data. According to the latest Business Expectations Survey (BES) released by the Bangko Sentral ng...
The Bangko Sentral ng Pilipinas (BSP) signaled a more aggressive path for monetary policy, with the central bank chief indicating readiness to deliver “as many hikes as necessary” to curb domestic price pressures resulting from global oil supply shocks. Following the central bank’s first...
The Bangko Sentral ng Pilipinas (BSP) signaled a shift toward a tightening cycle, with the central bank chief indicating that the recent quarter-point increase in the benchmark borrowing rate is likely the first of several gradual moves to tame resurgent price pressures. BSP Governor Eli M....
Fitch Solutions unit BMI expects the Bangko Sentral ng Pilipinas (BSP) to keep policy rates unchanged at its meeting on Thursday, April 23, as higher consumer prices weigh on household consumption and could further slow economic growth. This forecast comes on the back of March inflation data, which...
Sleeping on a bed while in the air was once a dream limited solely to business-class flyers, but one airline is making it more accessible to economy flyers. Air New Zealand recently unveiled the Economy Skynest sleeping pods made for their new Boeing 787-9 Dreamliner flights. Customers can soon...
President Marcos declared April 10 to 16 of every year as Economy, Planning, and Development Week. Marcos made the declaration through Proclamation No. 1205, which also proclaimed the 10th of April of every year as the Department of Economy, Planning, and Development (DEPDev) Day. Proclamation No....
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...
Let us now examine the record of the Benigno Aquino III Administration (2011 to 2016) in fiscal management. This administration anchored its economic agenda on inclusive growth driven by good governance and anti-corruption reforms. The central premise was that restoring credibility in public...
The Philippine economy, long a darling of emerging market growth, is shifting into a defensive war footing. As Brent crude flirts with atmospheric heights and the Middle East conflict continues to choke the Strait of Hormuz—the world’s most vital energy artery—President Ferdinand Marcos Jr....
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
