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News
Nickel Asia buys 20% stake in Kazakhstan copper mine for $30 million
6+ hour, 28+ min ago (260+ words) Nickel Asia Corp. said Friday it has completed the acquisition of a 20-percent stake in East Copper Production LLP, giving the listed miner an interest in a producing copper mine in Kazakhstan. Nickel Asia’s wholly-owned Singapore-based subsidiary, NAC Global Investments…...
DTI says 68% of basic goods holding prices steady
3+ mon, 3+ week ago (257+ words) Most manufacturers of basic necessities and prime commodities are keeping prices steady despite some firms requesting adjustments due to rising logistics costs, Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque said Wednesday. “Actually, 68 percent of the products have…...
4-month BOP deficit hits $7.4b
3+ mon, 3+ week ago (24+ words) THE Philippines recorded a balance of payments (BOP) deficit of $2.12 billion in April 2026, which widened the cumulative shortfall in the first four...
PSEi plunges below 5,900 as oil prices stay above $100
3+ mon, 3+ week ago (770+ words) LOCAL equities plunged deeper, closing below the 5,900 level Tuesday as global crude prices remained above $100 per barrel due to the continued closure of the Strait of Hormuz. The bellwether Philippine Stock Exchange index ended at 5,896.80, down 44.72 points, or 0.75 percent, while…...
ADB pledges $1.75 billion to help Philippines weather Mideast crisis
3+ mon, 3+ week ago (25+ words) The Asian Development Bank announced Friday it is ready to provide up to $1.75 billion in additional financing to help the Philippines manage the economic...
PSEi seen moving sideways on ME tensions, weak peso
3+ mon, 3+ week ago (24+ words) Share prices are expected to move sideways this week as lingering concerns over the impact of geopolitical tensions on the domestic economy continue to...
Employers push for fuel tax cuts
4+ mon, 17+ hour ago (324+ words) EMPLOYERS urged the government to prioritize lowering the cost of basic goods and fuel over mandated wage increases, warning that higher labor costs could trigger mass layoffs as businesses struggle with the economic fallout of Middle East tensions. Employers Confederation…...
BMI, HSBC cut 2026 growth forecast on regional tensions
4+ mon, 2+ day ago (367+ words) BMI, a unit of Fitch Solutions, lowered its 2026 economic growth forecast for the Philippines to 4.2 percent from 4.7 percent following a weak first-quarter performance and rising geopolitical risks. The downward revision comes after gross domestic product (GDP) growth slowed to 2.8 percent…...
Philippine GDP growth hit 5-year low of 2.8% in Q1 of 2026
4+ mon, 4+ day ago (92+ words) Philippine economic growth slowed to 2.8 percent in the first quarter of 2026, marking a five-year low as declines in agriculture and industry weighed on the economy despite steady service sector gains....
Weak peso pushed government debt to P18.49 trillion in March
4+ mon, 4+ day ago (263+ words) The Philippine government’s total outstanding debt reached P18.49 trillion as of end-March 2026, up 1.81 percent from the previous month, according to data released by the Bureau of the Treasury on Wednesday night. The P328.43-billion month-on-month rise was led by the impact of…...