Economy

Economy

Budget Breather Muna: Gov’t Opens 2026 With P165.4-B Surplus

The national government started the year with a P165.4-billion budget surplus in January, a sharp jump from the P68.4-billion surplus recorded in the same month last year. Based on Bureau of the Treasury data, the better fiscal position came from slightly higher revenues and a much lower level

Economy

Bawas-Gastos Alert: Toll Discounts Hit NLEX, SLEX, STAR Starting March 23

Public utility vehicles, buses, and freight operators are getting a little breathing room starting March 23 after the Department of Transportation announced temporary toll discounts on NLEX, SLEX, and STAR. The move comes as fuel prices stay under pressure because of the conflict in the Middle East. According to the

Economy

Fuel Tax Timeout? House Gives Marcos a New Oil-Price Relief Button

President Ferdinand Marcos Jr. and fuel excise tax bill

Economy

Palawan Gets a New Energy Card: PH to Open First Oil and Gas R&D Lab

The Philippines is preparing to open its first research and development laboratory focused on oil and gas exploration, with the facility set to launch in Palawan on March 25. The Manila Times reported that the Department of Science and Technology will open the Drilling Fluids Research and Innovation or DFRI

Economy

Warning Shot for PH Economy: Fitch Says Oil Shock Could Pressure Credit Rating

A fresh warning just landed for the Philippine economy. Fitch Ratings said the country’s credit profile could come under pressure if slower growth drags on and the latest oil shock from the Middle East turns into a longer, more structural problem.

Economy

May Discount Na! Toll Fees for PUVs and Trucks Get Temporary Cut Starting March 23

Public utility vehicles, buses, and freight trucks are getting a temporary toll break starting Monday, March 23, after the Department of Transportation announced a two-month discount program for selected expressways. According to the DOTr, the move is meant to soften the blow of rising fuel costs linked to the ongoing

Economy

Oil Hits $113 as Iran Bombs Gulf Energy Plants — Brace for Another Pump Price Surge

The Middle East war just got a whole lot worse — and Pinoy motorists are about to feel it at the pump. Oil prices surged past $113 per barrel on Thursday after Iran launched retaliatory missile strikes on several Gulf energy facilities, including Qatar's Ras Laffan — the world'

Economy

Brace Yourselves: Fuel Prices Going Up Again Next Week — 10th Straight Week of Hikes

Prepare your wallets, mga kababayan — fuel prices are set to climb again next week, marking the 10th consecutive week of increases as the Middle East war continues to wreak havoc on global oil supply. But there's a tiny silver lining: the hikes are expected to be smaller than

Economy

Marcos Releases ₱21.47 Billion Emergency Fund to Fight Fuel Price Crisis

Economy

BSP Might Raise Interest Rates by April — Oil Crisis Could Force a U-Turn on Easing

The Bangko Sentral ng Pilipinas (BSP) is now seriously considering a rate hike as early as April, completely reversing its recent easing stance — all because the Middle East oil crisis won't stop hammering the Philippine economy. Finance Secretary Frederick Go, who sits on the Monetary Board, dropped the

Economy

Grabe! Peso Crashes Past ₱60 Per Dollar — First Time Ever as Markets Tumble

The Philippine peso smashed through the ₱60-per-dollar barrier for the first time in history on Thursday, plunging to ₱60.40 during intraday trading as the US Federal Reserve's decision to hold interest rates high continues to supercharge the dollar against emerging market currencies. The Philippine Stock Exchange index