BSP: Inflation likely rose to 3.1-3.9%
HIGHER FUEL, electricity, and rice prices, along with the peso’s weakness, likely pushed inflation to the fastest in around two years, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
NG gross borrowings surge to nearly P400B
THE National Government’s (NG) gross borrowings ballooned to almost P400 billion in January as external debt more than tripled, the Bureau of the Treasury (BTr) said.
NPC seeks higher charge for missionary electrification
STATE-RUN National Power Corp. (NPC) is seeking to collect P44.2 billion from on-grid electricity end-users next year, as the current charge is insufficient to...
Peso hits new record low as war risks spook traders
THE PESO on Tuesday ended at a new all-time low for the eighth time this month as the widening Middle East war caused investors...
Corruption issues drag Manila to near-bottom of ‘smart cities’ list
MANILA dropped seven spots in the 2026 Smart City Index by Switzerland-based International Institute for Management Development World Competitiveness Center (WCC), as residents continued to fret about corruption and traffic congestion.
Bargain hunting lifts stocks as Iran war continues
PHILIPPINE SHARES rebounded on Tuesday as investors picked up cheap names following a three-day slump and amid news of government efforts to reduce war-related...
Philippines to impose price cap on imported rice
MANILA — Philippine President Ferdinand R. Marcos Jr. said on Tuesday that the government will cap the price of imported well-milled rice at 50...
Asia barters for scarce energy as Iran crisis throttles supplies
TOKYO/COLOMBO/WELLINGTON - Indonesia’s leader visited Tokyo this week in Asia’s latest flurry of fuel bartering efforts to offset crippling shortages caused by conflict in...
Oil could spike to $200 if Hormuz remains shut, Fesharaki warns
Oil may surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight...
Philippines looks to Americas for more oil supply
The Philippines said it increased its stockpile of petroleum products to 51 days, as the import-dependent nation searches the world for alternative suppliers while...
BSP sees faster inflation in March at 3.1%-3.9%
By Katherine K. Chan, Reporter
Costlier fuel, electricity, rice and the peso’s weakness drove inflation past the central bank’s point target in March, the Bangko...
Peso hits new low P60.69 vs dollar
THE PESO slid to an all-time low against the US dollar on Monday as soaring oil prices raise concerns over inflation and an economic...