
Fitch cuts Philippines outlook to negative, gov’t responds
The Philippine government has responded to Fitch Ratings’ decision to downgrade the country’s outlook, as the Middle East conflict continues to weigh on the…
· 2 min read
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The Philippine government has responded to Fitch Ratings’ decision to downgrade the country’s outlook, as the Middle East conflict continues to weigh on the…
· 2 min read

The Philippines’ balance of payments (BOP) deficit widened in March, reflecting sustained external pressures, although the country’s foreign exchange reserves…
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‘The move may undermine bank profitability as net interest margins peak and credit losses remain elevated.’ — S&P Global Ratings credit analyst, Nikita Anand.
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Market expectations are facing multiple outcomes, as economists like to call multiple equilibria or paths.
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The Bangko Sentral ng Pilipinas (BSP) has welcomed Moody’s latest assessment affirming the strength of the country’s banking system and external position,…
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‘We expect the BSP to deliver a 25-bps policy rate hike on April 23, as the balance of risks has shifted toward a more persistent and broad-based inflation…
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‘The drop in individual account ownership was largely attributed to a decline in loan-linked accounts from microfinance non-government organizations and…
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The Philippine Stock Exchange Index (PSEi) ended the week on a weaker footing, closing at 5,999.13 (-1.06 percent), slipping below the key 6,000 level as risk…
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BDO Unibank remains the Philippines’ largest bank as of end-2025, leveraging its scale, wide distribution network and diversified revenue streams to stay ahead…
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As inflation continues to rise, Filipino households are feeling the strain of higher everyday costs, prompting renewed focus on savings that can keep pace with…
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The share of Filipino adults with formal financial accounts declined to 50 percent in 2025, down from 56 percent in 2021, even as overall access to financial…
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The Philippine Stock Exchange Index (PSEi) closed essentially flat at 6,063.69 on Thursday, 16 April, up 0.34 percent from the previous session, reflecting…
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The peso’s current depreciation amid the effects of the ongoing Middle East conflict has not yet breached inflationary territory, according to Bangko Sentral…
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The peso’s current depreciation amid the effects of the ongoing Middle East conflict has not yet breached inflationary territory, according to Bangko Sentral…
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Monetary policy response to the oil price shock hinges on whether spillover effects materialize in domestic demand, where the BSP’s policy tools are most…
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The oil price shock resulting from the conflict in the Middle East may trigger spillover inflationary effects in the coming months, according to the Bangko…
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Gross internal reserves dropped to $107.5 billion as of end-March, from February’s $112.7 billion record high. Still, the BSP said, ‘this level provides an…
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The Philippines’ gross international reserves (GIR) declined to $107.5 billion as of end-March 2026, reversing the record-high level posted in February,…
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