Source : Philippine Star

The Bangko Sentral ng Pilipinas (BSP) may have to confront risks caused by interest rate differentials if it remains accommodative while major central banks are already tightening monetary policy, according to Fitch Solutions Country Risk & Industry Research...

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High-ranking government officials, including unnamed politicians, are allegedly behind the illegal importation of vegetables from China that has pushed the local industry to the brink of collapse, senators said on Monday...

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Oil companies have imposed another round of hefty fuel price hikes, which are above the estimates over the weekend due to higher market premiums and freight rates...

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Quickening growth in prices will prompt the Bangko Sentral ng Pilipinas (BSP) to finally raise policy rates by a total of 75 basis points (bps) this year, but still not until the second semester, according to Fitch Solutions...

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Inflation will likely exceed target this year given the impact of surging commodity prices, Fitch Solutions said on Monday...

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The Bangko Sentral ng Pilipinas (BSP) announced that it is crafting rules to establish a so-called “digital marketplace” for innovation between banks, electronic money issuers (EMIs) and financial service providers (FSPs)...

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The Philippine Economic Zone Authority (PEZA) risks a run in with the Department of Trade and Industry over a memorandum circular it intends to issue that will allow registered information technology-business process management (IT-BPM) enterprises to operate at 70 percent onsite and 30 percent work-from-home (WFH)...

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The Philippine Ports Authority (PPA) has allowed to increase the passenger capacity in ports nationwide back to 100 percent as most parts of the country are under Covid Alert Level 1...

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The Bangko Sentral ng Pilipinas (BSP) said it is looking at enabling banks, electronic money issuers (EMIs) and financial service providers (FSPs) to transact with customers in a digital marketplace in a bid to foster digital financial innovation...

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Filipinos are among the highest-paying consumers in terms of the share of utilities to their income, according to a UK-based energy consultant Utility Bidder...

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The Philippines and the United States (US) launched the largest-ever joint military drills in the archipelago nation on Monday, signaling deepening defense ties as fresh tensions surface in the disputed South China Sea...

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Climate change has been making food more expensive across vulnerable Southeast Asia, including the Philippines, such that UK-based think tank Oxford Economics on Monday (March 28) urged more support to the agricultural production sector...

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The global economic fallout from Russia’s invasion of Ukraine would not only jack up inflation in the Philippines but also weaken the peso as a result of more expensive imports despite a rosier outlook for the domestic economy, think tank Moody’s Analytics said...

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Scarborough Shoal is China’s “inherent territory” and the Philippines should “avoid interfering” with its patrols in the area, Wang Wengbin, spokesperson of the Chinese Foreign Ministry, said in a regular media briefing on Monday...

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For fishermen whose livelihood depends on the bounty of Scarborough Shoal, any attempt to enter its lagoon is still a “perilous” move while China’s Coast Guard continues to patrol the area...

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Filipino internet users see cash as the best asset to have in 2022 with property far behind, according to a survey by Australia-based fintech firm Finder ROW Pty Ltd...

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A study showing that three shots of the Sinovac COVID-19 vaccine can prevent deaths in the elderly by 98 percent could help address vaccine hesitancy in the country, said a pharmaceutical consortium executive...

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COVID fears are rocking the oil market Monday as China's planned lockdown of Shanghai raises concerns about energy demand...

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Over a year after recovering from a Covid-19 infection, Jennifer Hobbs is adjusting to her new normal: brain fog, joint pain, elevated liver enzymes and, now, type 2 diabetes. Hobbs had prediabetes before she got Covid-19, but her blood sugar levels were under control, and she didn't need any treatment. Recently, that changed...

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The Kremlin said on Monday that US President Joe Biden’s remark that Vladimir Putin “cannot remain in power” was a cause for alarm, a guarded response to the first public call from the United States for an end to Putin’s 22-year rule...

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Russian Foreign Minister Sergei Lavrov said on Monday that a meeting between President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelensky should happen once the two sides are closer to agreeing on key issues...

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President Volodymyr Zelensky said Sunday his government is "carefully" considering a Russian demand of Ukrainian neutrality, a key point of contention as negotiators for both sides prepare for a fresh round of talks aimed at ending the brutal month-long war...

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The escalating conflict between Ukraine and Russia may impact the flow of goods between Asia and Europe, causing commodity prices to increase in Asia-Pacific, including the Philippines...

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The war in Ukraine and Russia’s effective exclusion from the global currency system could be an opportunity for China to raise the profile of its currency in a challenge to the US dollar, a senior Taiwanese security official said on Monday, March 28...

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Sri Lanka has sought an additional credit line of $1.5 billion from India to import essentials, the island nation’s central bank governor said on Monday, March 28, amid its worst economic crisis in decades...

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For humankind, evidence for life beyond Earth is unlikely to be as dramatic as an alien spaceship landing, say, next to the Eiffel Tower in Paris. It is more likely to come from telescope observations of a faraway planet bearing atmospheric chemicals suggestive of biological activity...

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Certain drugs used to treat HIV may have a role in preventing SARS-CoV-2 infections, according to preliminary data that may help explain why people living with the condition have not appeared to be at higher risk for serious COVID-19 despite being generally more vulnerable to infections...

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The Taliban have ordered airlines in Afghanistan to stop women from flying unless accompanied by a male relative, in the latest crackdown on basic human rights by the country's new rulers since seizing power...

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Millions of people in Shanghai were confined to their homes on Monday as the eastern half of China's financial hub went under lockdown to curb the East Asian country's biggest ongoing Covid-19 outbreak...

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US President Joe Biden on Monday submitted a $5.79 trillion budget plan to Congress that calls for record peacetime military spending and further aid for Ukraine, while raising taxes for billionaires and companies and lowering government deficits...

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Ukraine's state-owned telecommunications company Ukrtelecom experienced a disruption in internet service on Monday after a "powerful" cyberattack, according to Ukrainian government officials and company representatives...

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The next time you feel aches or soreness, you might consider skipping the pain reliever and reaching instead for an old photo. Nostalgia -- that sentimental feeling of longing for the past -- can reduce pain perception, according to new research published in the journal JNeurosci...

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An experimental drug designed to be sprayed into the nose has shown the potential to both prevent infection and treat COVID-19, at least for some variants of the coronavirus, according to a study in mice...

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The data on farm imports compiled by the Bureau of Customs (BoC) and the Department of Agriculture (DA) do not tally in the absence of an integrated data platform, officials told a Senate panel on Monday, though some Senators characterized this mismatch as “looking the other way” in a manner that facilitates smuggling...

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Law enforcers seized 13.2 billion worth of illegal drugs from 1,794 raids on March 6 to 19 alone, according to the Department of the Interior and Local Government (DILG)...

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The Department of Health (DoH) said on Monday it is waiting for the Food and Drug Administration (FDA) to approve the Covid-19 vaccines that will be administered as a second booster shot to health workers, senior citizens and people with comorbidities...

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The National Disaster Risk Reduction and Management Council announced on Monday that the Taal Volcano’s ongoing unrest has affected 3,850 people so far...

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After being accused by a farmers’ group of misclassifying rice imports under the wrong tariff lines, the Bureau of Customs (BOC) said they rely on what is stated in the sanitary and phytosanitary import clearance (SPS-IC) since they lack the technical expertise to determine the rice variety and quality...

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Farmers are bound to lose millions in revenues if the entry of smuggled and cheaper vegetables in the country remains unregulated...

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Holding of raffles or giving away in-kind donations can be considered vote-buying, the Commission on Elections warned Monday as the 45-day campaign period for local candidates started last week...

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Authorities in Agoncillo and Laurel towns in Batangas province have been on guard to ensure that no persons will be allowed to stay within Taal Volcano’s 7-kilometer danger zone...

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Over 60 million Filipinos have completed the second of a three-step registration for the Philippine Identification System (PhilSys) as of March 16, said the Philippine Statistics Authority (PSA) on Monday, March 28...

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No law prohibits any church or religion to speak up and participate in political affairs, the Catholic Bishops Conference of the Philippines (CBCP) said Monday in a pastoral letter...

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The Commission on Elections (Comelec) would be relying on technology and social media accounts to detect and help prosecute candidates engaged in vote-buying...

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Filipinos are yearning for a new kind of governance in the next six years, presidential aspirant Vice President Leni Robredo said yesterday, citing the growing number of volunteers who take part in her people’s campaign...

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The government is exploring more ways to increase vaccine coverage in the Bangsamoro region after failure to meet targets in previous national vaccination drives...

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Filipinos are yearning for a new kind of governance in the next six years, presidential aspirant Vice President Leni Robredo said yesterday, citing the growing number of volunteers who take part in her people’s campaign...

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The Philippine Stock Exchange, Inc. (PSE) on Monday launched two new indices, one featuring midsized companies and another focusing on firms that give consistent, high-yielding dividends...

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Office space demand in the Philippines is expected to pick up in the next six months, driven mainly by the information technology and business process management (IT-BPM) sector as lockdown restrictions ease and many firms issue back-to-office orders...

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Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd on Monday expressed concern that the country's low booster rate could trigger another surge in coronavirus infections and slow down the pace of economic recovery during the second half of the year...

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Trade Secretary Ramon Lopez on Monday reminded the Philippine Economic Zone Authority (PEZA)-registered business enterprises (RBEs) must operate within ecozones...

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Oil firms announced another hefty price hike on Monday, indicating that the upward trend in fuel prices was far from over. After the run-up in fuel prices took a break last week following a record-high rollback, major oil players said the price of diesel and gasoline would rise by P8.65 and P3.40 per liter, respectively, on Tuesday while kerosene prices would increase by P9.40 per liter...

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The push to bring employees back into the office and reverse pandemic work-from-home (WFH) arrangements has divided two of the country’s biggest employer groups, Leechiu Property Consultants CEO David Leechiu said...

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Dividends remitted to the Treasury by government-owned or -controlled corporations (GOCCs) totaled P57.55 billion in 2021, exceeding the pre-pandemic performance of P52.59 billion posted in 2019, the Department of Finance (DoF) said in a statement on Monday...

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A group of scientists said on Monday that the loosening of foreign investment restrictions resulting from the amendment of the Public Service Act (PSA) will hamper the development of some domestic industries and make the economy more reliant on imports...

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The Philippine Ports Authority (PPA) said on Monday that it hopes to complete and inaugurate 31 more port projects before President Rodrigo R. Duterte’s term ends on June 30...

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The stock market opened the week on a positive note, with the benchmark Philippine Stock Exchange Composite index (PSEi) finishing 9.52 points, or 0.13 percent, higher at 7,134.36...

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A group of scientists said on Monday that the loosening of foreign investment restrictions resulting from the amendment of the Public Service Act (PSA) will hamper the development of some domestic industries and make the economy more reliant on imports...

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Local vegetable farmers are losing an average of P2.5 million a day with daily orders declining by up to 40 percent due to the influx of smuggled carrots into markets, senators were told Monday...

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Shifting geopolitics and booming demand for internet services are pushing data center companies to build an enormous amount of capacity in the Philippines over the next 36 months, property market veteran David Leechiu said on Monday (March 28)...

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