The Philippine central bank’s decision to hold off raising interest rates on Thursday may help stabilize the government bond market after yields surged since the start of the Iran war, the country’s national treasurer said.
The Philippine central bank’s decision to hold off raising interest rates on Thursday may help stabilize the government bond market after yields surged since the start of the Iran war, the country’s national treasurer said.
Motorists ride past the Bangko Sentral ng Pilipinas headquarters complex in Manila, the Philippines.
The Philippine central bank refrained from raising interest rates in an off-cycle meeting on Thursday, even as the Iran war is set to drive inflation well above its target this year.
The Philippine central bank refrained from raising interest rates in an off-cycle meeting on Thursday, even as the Iran war is set to drive inflation well above its target this year.
Motorists outside One Ayala mall in the central business district in Makati City, Metro Manila. Photographer: Veejay Villafranca/Bloomberg
The Philippines suspended its wholesale electricity spot market on Thursday, the latest in a series of emergency measures meant to address energy supply risks and price volatility triggered by the Middle East conflict.
The Philippines suspended its wholesale electricity spot market on Thursday, the latest in a series of emergency measures meant to address energy supply risks and price volatility triggered by the Middle East conflict.
Electricity transmission towers in Plaridel, Bulacan province, the Philippines. Photographer: Lisa Marie David/Bloomberg
Philippine state-owned pension fund Government Service Insurance System is offering loans of up to 500,000 pesos ($8,300) for members to buy and install solar power for their homes amid surging fossil fuel prices.
Philippine state-owned pension fund Government Service Insurance System is offering loans of up to 500,000 pesos ($8,300) for members to buy and install solar power for their homes amid surging fossil fuel prices.
Solar panels at the roof deck of a mall in Manila.
A Philippine congressional panel on Wednesday ordered the ombudsman to produce the statements of assets and liabilities of Vice President Sara Duterte as it tackles the impeachment complaints against her.
A Philippine congressional panel on Wednesday ordered the ombudsman to produce the statements of assets and liabilities of Vice President Sara Duterte as it tackles the impeachment complaints against her.
Sara Duterte Photographer: Lisa Marie David/Bloomberg
The Philippines is in discussions with major fertilizer producers including China and Russia to safeguard supply on fears exporters won’t deliver on contracts as the Middle East war keeps prices high.
The Philippines is in discussions with major fertilizer producers including China and Russia to safeguard supply on fears exporters won’t deliver on contracts as the Middle East war keeps prices high.
The Philippine central bank may need to tighten monetary policy next month if oil prices keep rising due to the Iran war, according to Finance Secretary Frederick Go, who warned that a prolonged fuel crunch could push up inflation and derail the economy.
The Philippine central bank may need to tighten monetary policy next month if oil prices keep rising due to the Iran war, according to Finance Secretary Frederick Go, who warned that a prolonged fuel crunch could push up inflation and derail the economy.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines is looking to review a nearly 30-year old law that liberalized its oil industry, as the government aims to have a better grip on fuel prices that have shot higher due to the Iran war.
The Philippines is looking to review a nearly 30-year old law that liberalized its oil industry, as the government aims to have a better grip on fuel prices that have shot higher due to the Iran war.
‘Out of stock' signs at a gas station in Manila on March 9.
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said oil reaching $100 per barrel could force monetary policy tightening as inflation could breach the central bank’s target range.
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said oil reaching $100 per barrel could force monetary policy tightening as inflation could breach the central bank’s target range.
The Philippines’ inflation rate rose to the fastest pace in over a year in February, putting the Southeast Asian economy in a delicate position ahead of the expected surge in prices of goods in the wake of the war in Iran.
The Philippines’ inflation rate rose to the fastest pace in over a year in February, putting the Southeast Asian economy in a delicate position ahead of the expected surge in prices of goods in the wake of the war in Iran.
Workers pull carts through the Quiapo Market in Manila, the Philippines, on Wednesday, Sept. 4, 2024. Philippine inflation eased to the slowest in seven months in August and returned to the central bank’s target, increasing policymakers’ scope to sustain the rate-cut cycle. Photographer: Geric Cruz/Bloomberg
The Philippines’ inflation rate rose for the third month in a row, putting the economy in a delicate position ahead of the expected surge in prices of goods in the wake of the war in Iran.
The Philippines’ inflation rate rose for the third month in a row, putting the economy in a delicate position ahead of the expected surge in prices of goods in the wake of the war in Iran.
Workers pull carts through the Quiapo Market in Manila, the Philippines, on Wednesday, Sept. 4, 2024. Philippine inflation eased to the slowest in seven months in August and returned to the central bank’s target, increasing policymakers’ scope to sustain the rate-cut cycle. Photographer: Geric Cruz/Bloomberg
A Philippine congressional panel on Wednesday moved to advance two impeachment complaints against Vice President Sara Duterte, in a blow to President Ferdinand Marcos Jr.’s political opponent.
A Philippine congressional panel on Wednesday moved to advance two impeachment complaints against Vice President Sara Duterte, in a blow to President Ferdinand Marcos Jr.’s political opponent.
Philippine President Ferdinand Marcos Jr. plans to seek emergency power to slash taxes on petroleum products amid the war in the Middle East, as his government finds ways to ensure the safety of millions of Filipino workers in the region.
Philippine President Ferdinand Marcos Jr. plans to seek emergency power to slash taxes on petroleum products amid the war in the Middle East, as his government finds ways to ensure the safety of millions of Filipino workers in the region.
Philippine President Ferdinand Marcos Jr. plans to seek emergency power to slash taxes on petroleum products amid the war in the Middle East, as his government finds ways to ensure the safety of millions of Filipino workers in the region.
Philippine President Ferdinand Marcos Jr. plans to seek emergency power to slash taxes on petroleum products amid the war in the Middle East, as his government finds ways to ensure the safety of millions of Filipino workers in the region.
The selloff in stocks fueled by the Middle East conflict provides a buying opportunity for the Philippines’ top pension fund as it weighs expanding its equities portfolio.
The selloff in stocks fueled by the Middle East conflict provides a buying opportunity for the Philippines’ top pension fund as it weighs expanding its equities portfolio.
The Philippines may see inflows of about $3 billion if the nation’s government bonds are added to JPMorgan Chase & Co.’s benchmark emerging-market index this year, according to National Treasurer Sharon Almanza.
The Philippines may see inflows of about $3 billion if the nation’s government bonds are added to JPMorgan Chase & Co.’s benchmark emerging-market index this year, according to National Treasurer Sharon Almanza.
Companies in the Philippines are stepping up efforts to limit foreign exchange risks as global uncertainty fuels sharp swings in the peso, according to Bank of America Corp.
Companies in the Philippines are stepping up efforts to limit foreign exchange risks as global uncertainty fuels sharp swings in the peso, according to Bank of America Corp.
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