Source BusinessWorld

Moody's analytics trimmed its Philippine growth forecast for this year, citing the impact of slower global demand and faster inflation on the economy...

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The Philippines signed a 30-billion yen (about P12.3 billion) loan agreement on Monday with Japan to further support the country’s efforts toward economic recovery from the Covid-19 pandemic...

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The Monetary Board (MB) may consider raising its key policy rate in June if the Philippine economy grew by 6 percent to 7 percent in the first quarter, according to MB chair and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno...

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Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said in its latest Commodities Market Outlook report...

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New COVID-19 cases in the Philippines could reach 5,000 to 10,000 a day once the new Omicron subvariants enter the country, the independent analytics group OCTA Research warned on Tuesday...

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The COVAX facility, a vaccine-sharing alliance co-led by the World Health Organization, will be replacing over 3.6 million expired COVID-19 vaccines in the country, Health Secretary Francisco Duque III said...

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The 1,000-peso paper banknote and all other peso bills as well as coins that are currently in circulation will not be demonetized—at least until mid-2023—even as banks have received the initial 10-million pieces of the new 1,000-peso polymer banknote...

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Saying the government’s resort to tariff tweaks to fight inflation will not help the economy or give consumers relief, hog and corn farmers are opposing the plan to issue new executive orders that would lower corn tariffs and extend the reduced tariffs on pork...

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Electric vehicles are now expected to become more accessible to the public after Republic Act (RA) No. 11697 finally lapsed into law earlier this month...

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The Supreme Court affirmed with finality on Tuesday its decision issued last December 7, 2021, which declared almost all the provisions of Republic Act 1479 or the Anti-Terrorism Act (ATA) “not unconstitutional.”...

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The Supreme Court (SC) on Tuesday denied with finality the motions for reconsideration (MRs) of its decision on the petitions challenging Republic Act (RA) 11479 or the "Anti-Terrorism Act of 2020."...

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Senatorial aspirant and Rep. Alan Peter Cayetano of Taguig City has called on his colleagues in the Senate to consider passing its version of the bill calling for the formation of the Department of Disaster Resilience (DDR)...

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A measure granting a fresh 25-year franchise to Air Philippines Corp., a company under Lucio Tan-led PAL Holdings, lapsed into law earlier this month as President Rodrigo Duterte failed to sign the bill on time...

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Amendments to economic reform laws, especially the liberalization measures, will benefit investors in the Philippines, and a trade official detailed them at a forum hosted by the German-Philippine Chamber of Commerce and Industry (GPCCI) on Tuesday...

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Communities deemed eligible to be part of the Kalahi-CIDSS (KC) program caused greater deforestation compared to communities that were not part of the program, according to a study by a researcher at the London School of Economics (LSE)...

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Economic activities at the Subic Bay freeport and neighboring areas will get a boost from a regional master plan recently finalized by the Japanese government and turned over to the Philippines, the Department of Finance (DOF) said on Tuesday...

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Global flight bookings are forecast to recover this year, as more countries lift their inbound travel restrictions...

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Seven more Filipinos in Shanghai have tested positive for COVID, bringing to 17 the total number of cases, the Philippine consulate general said yesterday...

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The Asian region faces a “stagflationary” outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs and a slowdown in China as creating significant uncertainty.

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Norwegian firm Scatec ASA has announced plan to expand its renewable energy investments in the Philippines, primarily on the sphere of solar, wind, hydro and battery energy storage system (BESS) installations...

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Space Exploration Technologies Corp. of US technology billionaire Elon Musk is keen on setting up its base operations in the Freeport Area of Bataan to launch Internet services through unit Starlink...

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Russia has warned of the “real” threat of World War 3 breaking out, ahead of a Tuesday meeting between the United States and allies over sending further arms to war-torn Ukraine...

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A “technical irregularity” found in several government and nongovernment websites “triggered the automated blocking” of shared links on Facebook, Meta, the platform’s parent company, said Tuesday...

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Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at "historically high" levels through 2024, endangering economic growth, the World Bank warned Tuesday...

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Russian energy giant Gazprom has told Poland and Bulgaria it will halt gas supplies from Wednesday, April 27, in a major escalation of Russia’s broader row with the West over its invasion of Ukraine...

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A UN report on Tuesday, April 26, called for urgent action to avert a “sand crisis,” including a ban on beach extraction as demand surges to 50 billion tons a year amid population growth and urbanization...

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A Chinese navy vessel has been spotted in Japan's territorial waters near islands of the southwestern prefecture of Kagoshima, the Defense Ministry said Wednesday...

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Heavy-handed government action, self-censorship and physical threats against journalists have left Hong Kong's media freedoms in a "dire" state, a UK-based campaign group said Tuesday...

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Russian President Vladimir Putin agreed "in principle" to UN and International Committee for the Red Cross (ICRC) involvement in the evacuation of civilians from a besieged steel plant in Ukraine's southern city of Mariupol, the United Nations said on Tuesday...

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Elon Musk on Monday (Tuesday in Manila) reached an agreement to buy Twitter for roughly $44 billion, promising a more lenient touch to policing content on the social media platform where he — the world's richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers...

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For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels...

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A COVID-19 surge will not stop the scheduled elections on May 9, 2022, or stop the 64.4 million registered voters from casting their votes, the Commission on Elections (Comelec) said on Tuesday...

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Justice Secretary Menardo Guevarra on Tuesday directed the National Bureau of Investigation (NBI) to conduct its separate probe of the rampant smuggling of agricultural products into the country, as a Congress leader prodded the Department of Agriculture to rush crafting of a proposal for a separate trade intelligence unit in the agency, which has repeatedly claimed current laws give it no muscle to fight the menace...

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Malacañang on Tuesday called on the Department of Environment and Natural Resources (DENR) to probe the reported construction and expansion of resort facilities in the Upper Marikina Watershed and the Masungi Georeserve...

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The Department of Trade and Industry (DTI) has issued a “show-cause” order to a supermarket for allegedly failing to install price tags on some of the products on its shelves...

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A total of 84,357 soldiers, police officers, government personnel, and media whose applications for local absentee voting were approved by the Commission on Elections (Comelec) can cast their votes from April 27 to April 29...

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The Department of Education (DepEd) has revised the School Safety Assessment Tool (SSAT) to help prepare schools in undertaking the expansion of in-person classes...

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The Department of Health (DOH) yesterday ordered an investigation on the administration of second COVID boosters to individuals who are not immunocompromised...

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An election watchdog on Tuesday flagged the alleged abuse of government resources during the election campaign...

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The head of the Senate Committee on Public Information and Mass Media, Senator Ramon “Bong” Revilla Jr., on Tuesday asked Facebook Philippines for an explanation regarding the series of flagging and removal of posts and shared stories by government officials and state media agencies...

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The Philippines will soon administer a second COVID-19 vaccine booster for the elderly and health-care workers in an effort to extend protection to other high-risk groups, a health official said Wednesday...

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UK-based think tank Pantheon Macroeconomics expects cash being sent back home by Filipinos living and working overseas to cool despite some boost from expensive oil...

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The Department of Finance announced on Tuesday the official endorsement of the Subic Bay Regional Development Master Plan, which was finalized with the assistance of a survey mission team from the Japan International Cooperation Agency...

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The entry of chicken and poultry products from Cagayan Valley has been banned in Pangasinan amid reported cases of avian influenza or bird flu in Isabela...

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The Department of Health (DOH) said it is now investigating the alleged administration of second boosters to frontline healthcare workers and senior citizens during the first day of the rollout for immunocompromised individuals on Monday, April 25...

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The group supposedly behind the data security breach involving the Commission on Elections' (Comelec) technology provider Smartmatic has been arrested over the weekend, authorities confirmed Tuesday...

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The Department of Health (DOH) said it is now investigating the alleged administration of second boosters to frontline healthcare workers and senior citizens during the first day of the rollout for immunocompromised individuals on Monday, April 25...

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Airbus Helicopters is seeing growth in the Philippines market, both in the military and civilian sectors, especially with the ongoing modernization of the Armed Forces of the Philippines...

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The passage of the New Public Service Act (PSA) has paved the way for the eventual revival and operation of the Panay line under the Panay Railways Inc. (PRI), the chairperson of the House Committee on Economic Affairs said on Tuesday...

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More tourism workers have returned to work with the easing of travel restrictions in the country, the Department of Tourism (DOT) reported on Tuesday...

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The Philippine central bank may consider a rate hike in June as economic recovery likely gained more traction in the first quarter, its governor said...

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The Philippines has admitted more than 300,000 foreign visitors since reopening its borders on Feb. 10, according to the Department of Tourism...

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The country is back among preferred destinations for American investors who flocked to an investment forum of economic managers, Trade Secretary Ramon Lopez has stressed...

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The stock market has fallen below the 7,000 mark anew as investors immediately cashed in on Monday’s gains...

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The Philippines needs to improve its social protection system for migrant workers as this remains inaccessible and inequitable for many Filipinos...

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