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MANILA, Philippines — Political instability from the ongoing feud between President Marcos and Vice President Sara Duterte could pose a major economic risk, especially if it results in poor outcomes in the 2025 midterm elections and disrupts…
S&P Global Ratings improved its credit outlook for the Philippine government to “positive,” citing better institutional and policy settings. This opens the possibility of upgrading to the prestigious “A” rating. Although the Philippines retained its “BBB+” investment…
Despite ongoing geopolitical tensions, Taiwan continues to attract Filipino tourists. Its charm lies in efforts to revamp its tourism industry, drawing more Southeast Asian visitors. Tourist numbers are now approaching pre-pandemic levels. Latest data from the…
MANILA, Philippines — The Philippine peso dropped on Wednesday close to a few centavos away from a record level of 59. It is, however, its lowest level in over two years as the Philippine peso was overpowered…
Remittances to the Philippines and income from the business process outsourcing (BPO) sector may be affected by U.S. President-elect Donald Trump’s strict immigration policies. Meanwhile, reduced security support from Washington could heighten tensions in the West Philippine…
Multinational firms’ lending to their Philippine subsidiaries drove foreign direct investments (FDIs) to a five-month high in July, reaching halfway through the Bangko Sentral ng Pilipinas’ (BSP) 2024 projection. According to the BSP’s report, July saw a…
Rural and cooperative banks continue to lead in providing loans to micro, small, and medium enterprises (MSMEs), as the Philippine banking industry once again fell short of its lending quota for this key sector. According to the…
The World Bank (WB) warned that despite expected interest rate cuts, the Philippine economy may still miss the Marcos administration’s growth target next year due to a slowing global economy. WB lead economist for Brunei, Malaysia, the…
File photo The Philippine peso bounced back to the 55-level against the weaker US dollar on Friday, marking its strongest close in nearly six months. This comes as new data supported the early easing by the Bangko…
Moody’s Analytics said the government’s strong push to upgrade the Philippines’ infrastructure will help the economy maintain high growth, despite some uneven progress over the past year. The agency kept its GDP growth forecast for the Philippines…
MANILA — Members and pensioners in 13 areas nationwide that are affected by the El Niño weather phenomenon and rabies, which is a common health concern during the dry season, can avail of the emergency loan program…
MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s…
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