Philippines

BMI View: The new year's day attack by communist rebels against Xstrata's Tampakan mine demonstrates the risks faced by foreign mining companies operating in the Philippines. The... 2008-01-03

Economic Planning Chief Augusto Santos has revealed that the Philippine government has lowered its projection for export growth in 2007 to '8% at best' from an original forecast of... 2007-12-04

At the moment the Philippines' fiscal debt remains well contained as President Gloria Macapagal Arroyo curtails increases in expenditure to compensate for revenue collection underperformance.... 2007-12-03

The Philippines posted a budget deficit of PHP14.5bn (US$325.8mn) in September, smaller than a target deficit of PHP17.05bn (US$383.1mn) after its main tax agency reported higher-than-expected... 2007-11-05

Former President Joseph Estrada has been pardoned by incumbent President Gloria Macapagal Arroyo just six weeks after he was given a life sentence on charges of plunder. State prosecutors... 2007-11-01

Oil prices declined for a second consecutive day today as profit-taking saw Brent crude fall below US$87/bbl, but despite this short-term retreat ahead of today's Fed meeting, there... 2007-10-31

In line with our bullish view of regional currencies, the Philippine peso has made remarkable gains since the Fed cut its policy interest rate by 50bps in September. Having seen... 2007-10-11

The earlier than anticipated 25bps rate cut has signalled Bangko Sentral ng Pilipinas (BSP) change in policy stance from neutral to dovish, and as such we are now anticipating a... 2007-10-05

The Philippines is hoping that Malaysia will agree to maintain its peace keeping presence in the South of the country until August 2008 following the expiry of the initial term, which... 2007-10-05

The Philippine anti-graft court will deliver its verdict in the corruption case against deposed president Joseph Estrada on September 12, and which ever way the court rules, the outcome... 2007-09-10