🇵🇭 Business
Economy, finance and business news
37 articles
World Bank warns Middle East war could slash global growth, impact Philippine economy
World Bank President Ajay Banga projects 0.3-0.4 percentage point reduction in global growth, with Philippine OFWs and oil prices facing immediate pressure.
Garin Warns Philippines Faces P170-B Revenue Loss If Fuel VAT Removed
Energy Secretary says scrapping tax on petroleum products would create massive budget gap, affecting government services.
Philippine Competition Commission Intensifies Monitoring of Fuel Markets Amid Cartel Concerns
DOE flags anti-competitive behavior signs as PCC warns cost swings could cascade through supply chains, impacting Filipino consumers.
Oil Price Surge from Middle East Tensions Threatens Philippine Inflation, Peso
Global market relief rally stalls as truce doubts emerge, directly impacting fuel costs and economic stability for Filipino consumers and OFW families.
Philippines Faces Development Aid Cuts as Wealthy Nations Slash Assistance for Second Year
Debt group report reveals global aid reduction, potentially impacting Manila's infrastructure and social programs amid rising borrowing costs.
Philippines Faces Strategic Oil Storage Deficit Despite 51-Day Supply Buffer, DOE Says
Energy Department clarifies no crisis but warns of insufficient storage capacity for key fuel products, impacting prices and security.
Rising Oil Prices Squeeze Metro Manila Condo Market, Threaten P68M Luxury Units
Soaring fuel costs drive up construction and logistics, putting high-end developments and investor returns at risk across the Philippine capital.
US EIA Warns of Prolonged Fuel Price Hikes, Threatening Philippine Economy and OFW Remittances
Agency contradicts Trump's assurances, forecasting months of elevated costs even after Strait of Hormuz reopening, with direct implications for Filipino consumers and inflation.
Philippine Manufacturing Hits 8-Year High in February on Surging Demand
S&P Global survey shows production and new orders at strongest levels since late 2017, boosting business confidence for 2026.
BIR Acknowledges Processing Delays, Vows System Streamlining Amid Taxpayer Complaints
Manual document handling identified as primary bottleneck; Bureau promises to reduce paperwork requirements and simplify procedures.
REGASCO Hikes LPG Prices Past P1,600 Mark Amid Global Oil Surge
Cooking gas in Cebu crosses P1,600 threshold as domestic LPG rates rise by up to P44 per 11-kg cylinder
Philippine Rice Imports Set to Rise, but Tariff System May Cap Growth -- USDA Report
Price-indexed tariff policy between 15% and 35% could moderate import surge as local production falls short of demand
Diesel Expected to Hit P170/Liter, Gasoline P120/Liter Next Week
Oil industry sources project steep fuel price hikes as MOPS data shows continued tightening of diesel supply and rising demand
Philippine Government Rolls Out Energy Conservation Measures Amid Oil Price Surge
Malacañang mandates 10% fuel reduction across all government agencies as Middle East conflict drives up electricity costs
Kiko Pangilinan Warns Traders Against Profiteering, Hoarding Amid Middle East Crisis
Senator calls for fair pricing as supply chain disruptions threaten essential goods availability in the Philippines
DTI, Major Retailers Agree to Freeze Prices of Basic Goods Until April 16
21 manufacturers and top supermarket chains commit to holding prices for 30 to 60 days as government intensifies market monitoring under Executive Order No. 110
Fuel Companies Hike LPG Prices by Double Digits Per Kilo Starting April 1
Filipino households face mounting cooking gas expenses as oil firms announce P4.50 to P6.00 per kilogram increase
Oil Prices Surge Toward Record Monthly Gain as Iran War Rattles Global Markets
Brent crude climbs 3% while equities struggle amid fears of inflation spike and recession risk
Amid Looming LPG Price Hike, Some Pinoys Switch to Charcoal
Filipino households and small eateries seek affordable cooking alternatives as液化石油气 costs continue climbing
De Lima Seeks Congressional Probe Into Diesel Price Surge Amid Middle East Tensions
Senator flags extraordinary fuel cost increases as Russia-Ukraine conflict disrupts global oil markets; Petron's Russian crude purchase draws attention
Diesel Prices to Surge by P12.50/Liter Starting Tuesday in Philippines
Oil firms implement ninth consecutive fuel hike, gasoline prices unchanged
Peso Hits Record Low P60.69:$1 as Oil Prices Surge Threaten PH Economy
BSP monitors escalating Middle East conflict impact on inflation ahead of April policy meeting
ERC Requires Power Distributors to Submit Detailed Reports on Rate Hikes
Energy regulator mandates transparency from distribution utilities amid soaring generation costs passed on to consumers
House Bill Seeks P50-B Crisis Fund for Faster Economic Emergency Response
RESCUE Act aims to pre-position resources before disasters hit, targeting 72-hour deployment window
The Great Pinakbet Divide: What Makes Authentic Ilocano Vegetable Stew?
Cooks across the Philippines clash over traditional recipes as regional variations spark heated debates in kitchens nationwide
Winter Olympian Tallulah Proulx Puts Full Trust in New Generation of Filipina Athletes
The 17-year-old skiing sensation says young Filipino athletes have everything they need to make an impact on the international sports scene
Political Cartoons Capture Global Frustration as Oil Prices Continue to Rise
Artists worldwide use visual satire to highlight energy crisis and consumer struggles
Super Micro Shareholders File Class Action Suit Over Alleged China Export Fraud Cover-Up
Silicon Valley server maker faces mounting legal pressure after criminal charges against co-founder and two associates for smuggling Nvidia chips to China
Corruption Allegations Shake Public Trust in Sara Duterte Amid Nationwide Protests
Survey reveals stark divide in Filipino sentiment as anti-corruption demonstrations spread across the country following multi-billion-peso allegations
Thousands of Ride-Hailing Drivers Join Two-Day Transport Strike in Philippines
Motorcycle and car ride-hailing drivers will stop accepting bookings to protest alongside other public utility vehicle operators
The Fractured Foundation: Mainstream Economics Faces an Identity Crisis
From Inside Job to Climate Change, the Discipline Struggles to Reconcile Its Political Divide and Scientific Credibility
Bulusan Volcano Placed Under Alert Level 1 After Surge in Seismic Activity
Phivolcs warns of possible phreatic eruptions as Sorsogon volcano shows signs of unrest
MRT-3, LRT, PNR Announce Limited Operations for Holy Week 2026
Railways to suspend services from April 16-18 for annual maintenance; commuters advised to plan ahead
Hollywood Icon Chuck Norris Dies at 86, Leaving Behind Legendary Action Career
The martial arts legend and 'Walker, Texas Ranger' star passes away at 86, prompting tributes from fans worldwide
BSP Launches 2026 With First Rate Cut as Growth Concerns Mount
Bangko Sentral trims key interest rates by 25 basis points amid slower-than-expected domestic growth, signals openness to further reductions
Philippine GDP Outlook 2026: OECD and ADB Offer Divergent Growth Forecasts as 2025 Hits Nine-Year Low
International institutions see different paths for the Philippines amid weak 2025 performance
Philippine Peso Slides to ₱59.80 Against Dollar in March 2026 Amid Market Volatility
Currency weakness and stock market decline signal growing economic headwinds for the Philippines as inflation concerns persist