ADB trims Philippines growth outlook to 5.7% this year
MANILA, Philippines — The Asian Development Bank (ADB) has trimmed its economic growth outlook for the Philippines this year due to inflationary pressures and external headwinds.
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BOP surplus stays above $2 billion in 8 months
MANILA, Philippines — The Philippines managed to maintain a healthy balance of payments (BOP) surplus above $2 billion from January to August, according to the Bangko Sentral ng Pilipinas (BSP).
ASEAN chief thanks Philippines for accepting 2026 chairmanship
MANILA, Philippines — Association of Southeast Asian Nations Secretary-General Kao Kim Hourn has expressed his gratitude to the Philippines for accepting the ASEAN chairmanship in 2026, a yearbefore actual duty in 2027 by regular rotation.
5 Visayas Mindanao provinces experience dry spell
MANILA, Philippines — Five provinces in the Visayas and Mindanao have experienced dry spell or three months of below normal rainfall due to El Niño.
Manufacturers buck DTI’s move to postpone price hikes
MANILA, Philippines — Manufacturers yesterday opposed the Department of Trade and Industry (DTI)’s move to postpone price hikes for sardines and other basic commodities until next year after at least 14 increase requests had been filed.
Malacañang hopeful SC will uphold Maharlika
MANILA, Philippines — Malacañang hopes the Supreme Court (SC) will rule in favor of the Maharlika Investment Fund, as its constitutionality is challenged by critics of the administration.
COA junks money claim of Discovery Shores vs DOT
MANILA, Philippines — The Commission on Audit (COA) has advised a five-star luxury resort in Boracay to directly recover from former tourism secretary Wanda Tulfo-Teo, former undersecretary Katherine De Castro and three other former officials of the Department of Tourism (DOT) their unpaid accommodations and meals in 2018 amounting to P456,716.50.
Comelec lifts poll spending ban on fuel subsidy
MANILA, Philippines — The distribution of fuel subsidy to qualified public utility vehicle (PUV) drivers can resume despite the election ban.