Business
The economy, markets, money and work.
Business Page 5 of 8
Oil crisis-driven inflation could erase savings of Philippines’ poorest households: economist
Low-income households in Metro Manila could see their savings erased even under a conservative 5 percent inflation scenario driven by the ongoing oil crisis, an economist warned. University of Asia and the Pacific (UA&P) School of Economics Dean Dr. Peter Lee U put the numbers plainly during a…
The Philippines may be nearing its final oil crisis, says economist
The Philippines may be enduring one of its final oil crises, with an economist arguing that electric vehicles and remote work are dismantling the structural vulnerability that has made every fuel shock a national emergency. University of Asia and the Pacific (UA&P) School of Economics Dean Dr.…
Mans Carpio files criminal raps vs. BSP governor, AMLC chief, lawmakers over ‘illegal’ disclosure of bank records
Lawyer Manases “Mans” Carpio, husband of Vice President Sara Duterte, formally filed a criminal complaint before the Quezon City prosecutor’s office against officials of the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC) and four members of the House of Representatives.…
Western Visayas leads Philippine regional economies in 2025 with 6.4% growth
Western Visayas recorded the fastest economic growth among all 18 regions in the Philippines in 2025, posting a gross regional domestic product expansion of 6.4 percent, according to data released Thursday, April 23, by the Philippine Statistics Authority (PSA). The PSA released its 2025 Regional…
PH, Thailand most exposed to jet fuel shortage in Asia, says Oxford Economics
The Philippines is among the most vulnerable economies in Asia to the ongoing refined fuel crisis, according to a research briefing released by Oxford Economics on April 15, as disruptions stemming from the closure of the Strait of Hormuz ripple across regional supply chains. The briefing…
President Marcos pumps P46-billion into economy amid US-Iran war jitters
With global economic uncertainty rising from the US-Iran conflict, President Ferdinand Marcos Jr. is accelerating infrastructure spending, with the Department of Budget and Management (DBM) releasing P46.22 billion to fund 1,743 infrastructure projects nationwide. Budget Secretary Rolando Toledo…
PH eyes EU, Canada, Chile trade deals to expand export markets
The Philippines is on the verge of expanding its free trade agreement portfolio to 20, with negotiations ongoing with the European Union, Canada, and Chile, Trade Secretary Cristina Roque announced Saturday, as the Marcos administration pushes to open new markets for Filipino exporters. Roque said…
Trade chief Cristina Roque vows no price hikes on basic goods until May 10, 2026
The Department of Trade and Industry (DTI) has extended its price freeze on basic necessities and prime commodities through May 10, 2026, Trade Secretary Cristina Roque announced, as the government continues weekly negotiations with manufacturers and retailers to keep shelves affordable amid…
Marcos expects DOT chief Mathay to make tourism work for local economies
Incoming Tourism Secretary Dita Angara-Mathay has been handed a clear mandate: make tourism work not just for popular destinations, but for local economies across the country. President Ferdinand “Bongbong” Marcos Jr. appointed the veteran trade diplomat to lead the Department of Tourism (DOT)…
Diesel, gasoline inflation in March 2026 are fastest since September 2022 — PSA
Higher oil prices were a major driver of inflation in March 2026. Inflation, which measures the movement in prices of goods and services, jumped to 4.1% from 2.4% in February. In a press conference, National Statistician Undersecretary Dennis Mapa said diesel had the highest contribution to…
EXPLAINER | The Peso just hit ₱60 against the US Dollar: Who wins, who loses?
The Philippine Peso has slipped to ₱60.1 against the US dollar, its weakest level on record, raising a question many Filipinos are now asking: is this good or bad for the economy? The short answer, according to former Finance Secretary Gary Teves, is that it depends—but for most Filipinos, the…
Isko Moreno rolls out ₱1.76 billion stimulus to pump-prime Manila economy amid global oil shock
Manila City Mayor Francisco “Isko” Moreno Domagoso on Monday morning, March 16, announced the release of ₱1.76 billion in financial assistance, incentives, and revenue shares to pump-prime the local economy as global oil prices surge amid the ongoing armed conflict in the Middle East. Domagoso…
DepDev simulates Middle East conflict impact on PH economy: Diesel could reach P96/L, March inflation up to 7.5%
As the U.S.–Iran conflict escalates, the Department of Economy, Planning, and Development (DepDev) said the agency developed two scenarios to simulate the war’s potential impact on the Philippine economy. DepDev Planning Undersecretary Rosemarie Edillon presented Scenario 1 and Scenario 2 in the…
Vietnam to remove fuel tariffs amid supply disruption due to Iran war
Vietnam is planning to remove its import tariffs on fuels to ensure supplies amid disruptions caused by the military conflict in the Middle East, the government said. The tariff removal is expected to last until the end of April, the government said in a statement issued late on Sunday…
Manila taxpayers fund 71 life-saving surgeries under ‘KAAGAPAY program,’ says Isko Moreno
Beyond modern healthcare infrastructure and quality medical services, taxpayers of the nation’s capital are also funding life-saving medical procedures. “Gusto ko lang ipaalam sa inyo na ang panalangin ninyo ay tinutugunan ng City Government at ng taxpayers ng Maynila,” Manila City Mayor Francisco…