MANILA, Philippines — Expect another choppy stock trading this week, as global markets react to developments in the war in Eastern Europe, particularly its underlying impact on oil and commodities prices. The benchmark Philippine Stock Exchange index (PSEi) closed higher for the second straight week last Friday, although this cut short a prior two-day upswing. […]
Read MoreMANILA, Philippines — Long-term stability and certainty through government support is critical in facilitating the development of the nascent offshore wind sector across the globe, according to the latest report of Norway-based international accredited registrar and classification society DNV. In a report titled “Floating Offshore Wind: The Next Five Years,” DNV anticipates continued strong interest […]
Read MoreThe table below shows that last week, the Philippine peso was Asia’s best-performing currency. It closed at 51.67 last Friday, gaining 0.92 percent against the US dollar. The peso strengthened after the BSP signaled it would begin raising monetary policy rates in the second half of this year. It also appreciated as oil prices eased […]
Read MoreMANILA, Philippines — The Bureau of Customs (BOC) is doubling down on its campaign against smugglers of agricultural products amid the growing scrutiny over the illegal entry of Chinese produce. The bureau has seized P2 billion in agricultural imports in 542 raids since 2019. “Intensified intelligence and enforcement operations and consistent examination and inspection of […]
Read MoreMANILA, Philippines — The Philippines may not be able to reach its economic targets for 2022 as the Ukraine-Russia crisis significantly impact commodity prices and hinder recovery. In its latest survey, the Japan Center for Economic Research (JCER) slashed its gross domestic product (GDP) forecast for the Philippines for this year, with the country getting […]
Read MoreMANILA, Philippines — The near-term outlook for the Philippine economy is improving, but the much anticipated recovery remains vulnerable amid developments on the global front, an international think tank said. In its latest chart book, Capital Economics noted an upside in the near-term outlook for the economy as COVID-19 cases in the country continue to […]
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