Top News
Malacanang orders surprise halt on transport fare hikes
The Department of Transportation (DOTr) has suspended the planned fare increases for public utility vehicles (PUVs) following a directive from President Ferdinand Marcos Jr., as global oil prices continue to rise due to tensions in the Middle East.
Philippines weighs looser fuel rules
Facing volatile oil prices and rising energy security risks, the Philippine government is considering a temporary loosening of fuel standards to widen supply sources and ease costs.
Oil surge rattles peso, tests policy
The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).
ADB lines up $280M loan to spur Philippine innovation
The Asian Development Bank is preparing an indicative USD280-million loan to support a Philippine program designed to turn university research into commercially viable technologies.
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BOP swings to $5.7-B deficit in 2025 amid weaker capital inflows
The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.
