EDITORIAL - Still in the gray list

Source Philippine Star

While Americans have started to see mortgages rise, local economists said the impact of the US Federal Reserve decision to increase interest rates will have global repercussions and the Philippines could again be sucked into another whirlpool of recessions...

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The peso may lose more ground, falling toward the 54 to $1 level on the back of the aggressive rate hikes by the US Federal Reserve and weaker terms of trade due to soaring commodity prices...

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The Philippines stands to lose potential foreign investments if it fails to ratify its membership in the Regional Comprehensive Economic Partnership (RCEP), incoming Socioeconomic Planning Secretary Arsenio M. Balisacan said...

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The next governor of the Bangko Sentral ng Pilipinas (BSP), Felipe Medalla, has pledged that the central bank will remain data-driven under his leadership...

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The country's outstanding external debt reached $109 billion at the end of March this year, according to the Bangko Sentral ng Pilipinas (BSP)...

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The incoming economic team of President-elect Ferdinand Marcos Jr. on Sunday declared that the new administration will face multiple challenges when it assumes office on June 30, but “strong fundamentals and bright macroeconomic prospects provide room for optimism.”...

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The Philippines is crafting a national standard on meat labeling to address the issue of non-compliance with existing labeling standards for both locally-produced and imported meat products...

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The Supreme Court (SC) has dismissed the petition seeking to compel the Commission on Elections (Comelec) to strictly enforce the term limits on elective officials, particularly those in Congress, and to declare as unconstitutional the reelection of termed out senators and congressmen...

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A health advocates’ party-list lawmaker on Sunday sought taxes on the amount of salt used in food and drinks to generate more funds for the Universal Health Care Act...

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Sen. Christopher Lawrence "Bong" Go reiterated the need to pass Senate Bill (SB) 205 or the proposed Department of Disaster Resilience (DDR) Act...

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Incoming Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla is not keen on regulating cryptocurrency, dismissing the virtual asset as based on the “greater fool theory.”...

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A hike in rural banks’ minimum capital requirements is “necessary” to protect depositors and ensure a healthy financial system, the Bangko Sentral ng Pilipinas’ (BSP) incoming chief said...

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Photos and messages obtained from Facebook Messenger accounts are admissible as evidence in court, the Supreme Court has ruled...

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Some dehydrated "cochayuyo" seaweed, some instant mashed potatoes and hot water: these are the ingredients for a nutritious menu of 3D-printed food that nutritional experts in Chile hope would revolutionize the food market, particularly for children...

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The Philippines' Bureau of Internal Revenue (BIR) has inaugurated a state-of-the-art data center, a new building that contains the Bureau's Electronic Invoicing/Receipting System (EIS) and other data components...

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Accepting Russia’s offer to export cheap oil to the Philippines is a “complicated” move that could cause more problems than the desired blunting of inflation’s impact, according to Sen. Francis Tolentino...

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The United States sees China’s latest aggressive incursions in the West Philippine Sea, including the installation of buoys and fish nets blocking a Philippine resupply mission for Filipino soldiers guarding Ayungin Shoal, as part of a broader trend of provocations by Beijing against claimants...

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A UN special rapporteur and an international rights organization on Sunday urged Philippine authorities to drop the perjury charges pending against officials of rights advocacy groups Karapatan, Gabriela, and the Rural Missionaries of Philippines (RMP), saying the government should “protect human rights defenders (rather) than pursue countersuits."...

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A Filipino who has quietly spent most of his life mapping out the limits of the Philippines has landed a seat in a distinguished United Nations body that has the power to determine if seabed territory can become part of nations...

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Philippines and the European Free Trade Association (EFTA) countries have agreed to push for more trade to improve utilization of the free trade agreement (FTA) stressing the FTA as a tool for economic recovery after the pandemic...

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The Philippines should maximize the opportunities on offer from a deal reached at the 12th Ministerial Conference (MC12) of the World Trade Organization (WTO), particularly in the areas of vaccines and fisheries, analysts said...

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Britain's Prime Minister Boris Johnson has warned allies to prepare for a long war in Ukraine, urging sustained support for Kyiv or risk "the greatest victory for aggression" since World War 2...

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US health authorities on Saturday (Sunday in Manila) cleared the Pfizer and Moderna Covid-19 vaccines for children aged five and younger, in a move President Joe Biden greeted as a "monumental step" in the fight against the virus...

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Japanese Prime Minister Fumio Kishida on Sunday took a cautious view about acquiring a nuclear-powered submarine to boost the country's defense capability, a call made by some opposition parties ahead of next month's House of Councillors election...

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Four months into the Russian invasion on Ukraine, Lilya, a 22-year-old mother from the eastern city of Bakhmut, decided the time has come to leave the beleaguered region...

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The World Health Organization says it has removed the distinction between endemic and non-endemic countries in its data on monkeypox to better unify the response to the virus...

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France and other western European nations sweltered over the weekend under a blistering June heatwave that has sparked forest fires and concerns such early summer blasts of hot weather will now become the norm...

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Ukrainian President Volodymyr Zelenskyy visited the war-torn southern frontline on Saturday (Sunday in Manila) for the first time since the Russian invasion as "fierce battles" raged again in the eastern Donbas region...

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President Joe Biden said on Saturday he was in the process of making up his mind on easing U.S. tariffs on China and planned to speak with Chinese President Xi Jinping soon...

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North Korea has dispatched medical crews and epidemiological investigators to a province battling the outbreak of an intestinal disease, state media reported on Sunday...

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President Volodymyr Zelenskyy hailed Brussels' support for Ukraine's European Union bid as a historic feat as his country's eastern Donbas region faced intense Russian shelling...

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The incoming administration will be facing multiple challenges when it assumes office on June 30, but strong fundamentals and bright macroeconomic prospects provide room for optimism, according to a briefer gathered by President-elect Ferdinand “Bongbong” Marcos Jr. from his designated Economic Team...

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The Philippines has criticized what it described as “delaying tactics” by several key nations that hampered the work of the United Nations for the mandated global climate change agenda, and called for action that would benefit vulnerable countries...

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It’s been more than a month since the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAG-ASA) declared the end of the summer season, but current projections show the weather will continue to be hot and humid at least for the next three days...

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A Filipino American geologist disputed the claims of the country’s nuclear science chief that the Bataan Nuclear Power Plant (BNPP) was safe and secure for rehabilitation, citing the “potentially active” volcano in the area of the plant...

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Security measures for the inauguration of Ferdinand "Bongbong" Marcos Jr. as the nation's 17th President on June 30 are in place, the police said...

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Sara Duterte-Carpio took her oath of office on Sunday as the 15th vice president of the Republic of the Philippines. Duterte-Carpio, who wore a green Filipiniana created by Davao-based designer Silverio Anglacer, took her oath before Supreme Court Associate Justice Ramon Paul Hernando at San Pedro Square in Davao City...

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The Gabriela Women’s party list on Sunday claimed the police was conducting community profiling in barangays with a high number of votes for Makabayan bloc groups in the May polls...

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The transport crisis is worsening and the government must beef up its intervention initiatives in order to arrest the problem, according to commuters’ organization The Passenger Forum (TPF)...

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The Department of Health (DOH) on Saturday warned of an increasing number of COVID-19 cases and that the country could see as many as 800 to 1,200 cases per day by the end of June, but there is still no indication of another surge...

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Marcos' disinformation machinery – which was years in the making – was complemented by his alliance with Duterte and the disinformation that the President enabled at the state level...

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More than 400,000 healthcare workers have already received their respective “One Covid-19 allowance (OCA),” an official of the Department of Health (DOH) said...

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The Department of Finance (DOF) maintained that the government should continue the more targeted approach of fuel subsidy as it warns against bowing to pressure to suspend excise taxes on petroleum...

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Vice President-elect Sara Duterte-Carpio vowed to be guided by three priorities—God, country, and family—in serving the Filipino people as the country’s second-highest elected official...

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Cebu Gov. Gwendolyn Garcia will not amend her order allowing the optional use of face masks in open and well-ventilated spaces in the province despite an ultimatum given by the Department of the Interior and Local Government (DILG) for her to “rectify” the directive...

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Jeepney drivers are awaiting the government decision on appeals to hike the minimum fare given the successive hikes in pump prices of petroleum products...

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The Government needs to refocus its borrowing to aggressively pursue sustainable energy initiatives, which multilateral institutions are willing to fund on favorable terms, in response to the rising cost of traditional fuels, economists said...

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Commuter network The Passenger Forum (TPF) on Saturday urged the government to come up with immediate solutions to help the public cope with rising cost of living amid spiraling fuel prices...

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Reopening of gaming establishments last year helped the recreation, entertainment and cultural services industry recover their workers last year, lifting overall tourism employment by almost five percent...

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An economist-lawmaker has warned that the country’s economic recovery could be undermined by a “massive disinflationary effort” in the United States, saying the Philippines should have coordinated fiscal and monetary policies to mount a strong defense...

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(First of a series)

The incoming presidential administration is bracing for the impact of an oil price shock caused by a surge in demand as economies around the world reopen over two years after the start of the pandemic, aggravated by Russia’s invasion of Ukraine...

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Analysts see this trading week a continuation of what transpired in the stock market last week, as investors are expected to remain cautious after the recent policy tightening of the US Federal Reserve (Fed)...

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As the crop year is set to end in a few months, the country’s sugar output remains on the downtrend due to unfavorable weather conditions coupled with the damages caused by a typhoon late last year, according to the Sugar Regulatory Administration (SRA)...

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Outgoing Trade Secretary Ramon Lopez encouraged the incoming administration to sustain and level-up annual foreign direct investments at $9.1 billion or more...

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The Bangko Sentral ng Pilipinas (BSP) is widely expected to raise interest rates on Thursday, with several analysts now forecasting a 50-basis-point (bp) increase after the aggressive tightening by the US Federal Reserve last week...

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The prices of commodities are expected to increase in the coming months amid the challenges faced by manufacturers, according to the Philippine Amalgamated Supermarkets Association, Inc. (Pagasa)...

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Legislation that will hold plastics producers accountable for managing the life cycle of their products will make companies conscious of the possible legal fallout from acting irresponsibly, but curbs on imports and production may ultimately be needed, environmental advocates said...

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As the Philippine Stock Exchange (PSE) is poised to permanently shut its trading floor on Friday, traders said there will be little impact as many are now used to “trading from home” during the coronavirus pandemic...

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The Philippine peso closed at 53.75 against the US dollar on Friday, its weakest position in three years and eight months since landing at 53.80:$1 in October 2018...

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