🇵🇭 Business
57 articles total
IMF Warns Against Broad Fuel Subsidies, Posing Policy Challenge for Philippine Government
Global lender cautions that subsidies can worsen energy shocks, as Manila faces pressure to manage pump prices and inflation.
DOE Announces 22,000 MT of Government-Procured LPG Arriving in May to Stabilize Philippine Supply
The Department of Energy's move aims to prevent hoarding and price spikes, ensuring stable fuel for millions of Filipino households and businesses.
Philippines Faces Fourth Straight Year of Missing Economic Growth Targets, IMF Projects 4.1% Expansion
International Monetary Fund revises 2025 forecast downward as domestic data confirms third consecutive shortfall, prompting NEDA chief to outline reform agenda.
IMF Chief's AI Cyber Warning Rings Alarm Bells for Philippine Financial System, OFW Remittances
Kristalina Georgieva warns global monetary system is unprepared for AI-powered threats, prompting urgent calls for BSP, local banks to bolster defenses.
Philippines' DOH Monitors Medicine Prices as Middle East Conflict Threatens Supply Chain
Health Department on alert for potential price hikes as global fuel crisis impacts pharmaceutical logistics, assuring public of stable supply for now.
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.