Philippines

US, Philippines to reach deal on economic security zone ‘sooner rather than later’, US official says

[SINGAPORE] The United States is expected to reach a deal on the long-term framework for an economic security zone with the Philippines “sooner rather than later”, a senior US official said on Thursda...

BPI's NPL coverage ratio of 87.15% is lower than that of its peers but is balanced by its decision to set aside 5.5 billion pesos in new provisions.

Global energy shock tests Philippine lenders’ resilience

They are switching to a defensive stance as new central bank relief measures begin to bite

Solar panels under the JETC programme. The community was created to “navigate the complexities of Asia’s energy transition” and ensure that those most affected are “not left behind”.

Just Energy Transition Community puts US$2.6 million towards clean power, cooling solutions in South-east Asia

The initiatives will cover workforce development and responsible energy deployment, among others

The Philippine House of Representatives deliberate on impeachment complaints against V-P Sara Duterte on May 11.

Philippines to convene court for impeachment of V-P Duterte amid political turmoil

This comes days after chaos and a shootout in the upper house and a potentially decisive change in its leadership

Philippine's Petron’s Q1 net profit tumbled 56% to 1.8 billion pesos, weighed down by weaker production levels.

Philippine sovereign fund backs Petron with credit line of 15 billion pesos in energy security push

The deal marks Maharlika’s first emergency-style intervention in a private utility

“It was not the government that did this,” Philippine President Ferdinand Marcos Jr said.

Philippine President Marcos denies role in Senate gunfire as ICC suspect standoff threats escalate

The saga comes as a rift between Marcos and his ally-turned rival Vice-President Sara Duterte

The political manoeuvre came as the House approved a second impeachment case against Philippine Vice-President Sara Duterte.

Duterte ouster bid hits wall as allies seize Philippine senate

The country’s vice-president faces four charges, including threatening to assassinate President Ferdinand Marcos Jr

Key residential and retail segments in Metro Manila have struggled to shake off a post-pandemic slump, facing weak demand and soaring oversupply amid the country’s escalating economic woes.

Philippine developers turn defensive as Middle East crisis threatens residential and retail market

The beleaguered market could worsen on lagged effects, but analysts remain upbeat on property giants’ strategies

The Philippines stands out as having been struggling economically even before the US and Israel attacked Iran.

Philippines downplays stagflation risk, vows to boost spending

Others in the region, from Indonesia to Australia, have found themselves in similar quandaries

The central bank has little room to support the economy because of peso weakness and surging consumer prices.

Fragile Philippines battered by oil shock as Iran war hits Asia

The country also faces threats from a looming El Nino, which risks driving up food costs further