A constitutional crisis that could derail the country’s economic recovery from the COVID-19 pandemic is looming , with the Senate and the House of Representatives take polar positions on the ongoing People’s Initiative to revise the Philippine Constitution.
The government sector borrowed USD1.32 billion more in medium- to long-term (MLT) funds in the final three months of 2023, which was 66 percent more than that borrowed a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
The Department of Agriculture (DA) on Sunday reiterated the likelihood for the onion import ban to last beyond May or even June as part of measures helping shield onion growers from unreasonable farm gate prices and the destruction of their crops.
The price of palay or unhusked rice per kilo in the final three months of 2023 averaged P21.81, a 6.4 percent increase from third-quarter prices and 25 percent more than the year-earlier period.
An expected monetary policy easing this year—and consequently a drop in mortgage rates--should bolster demand for residential projects and industrial space, the latest edition of Colliers Research said.
Just hours after the US Supreme Court struck down his global tariff regime, President Donald Trump did what markets have come to expect and went bigger.
East West Banking Corp., the country’s 11th largest lender by assets, capped 2025 with a 21 percent jump in net income to P9.2 billion, powered by robust core revenues, double-digit fee growth and tighter cost discipline, underscoring the bank’s expanding earnings engine in a competitive market.
Rafael Fernandez de Mesa likes to open with a joke. In another life, he says, he might have been the first Rafa people talked about. Instead, that distinction belongs to Rafael Nadal. Fernandez de Mesa found his arena elsewhere, trading baseline rallies for balance sheets.