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Ian Nicolas Cigaral is a junior editor for Philstar.com. He manages the news site's Business Section.

Ian has been covering the economic and business beats for five years. Before joining Philstar.com in 2017, he covered the presidential and foreign affairs beats for BusinessWorld, the oldest business newspaper in Southeast Asia.

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Car sales post double-digit growth in January, tracking economic recovery

by Ian Nicolas Cigaral - February 13, 2023 - 3:23pm

Car manufacturers in the Philippines opened the year with a double-digit sales growth, tracking the economy’s recovery from the pandemic.

PLDT in talks to cancel some projects to cut P48-B excess spending

by Ian Nicolas Cigaral - December 27, 2022 - 12:34pm

PLDT Inc. is in discussion with suppliers and vendors to cancel some projects in a bid to reduce its budget “overruns” that raised concerns over management shortcomings.

PLDT to reduce capex in 2023 as it tackles overspending

by Ian Nicolas Cigaral - December 22, 2022 - 12:10pm

PLDT Inc. said Thursday it would start winding down on spending next year as the telco giant tackles massive capital expenditure overruns it endured in the past four years.

PLDT says no fraud in P48-B capex overspending as regulators start probe

by Ian Nicolas Cigaral - December 21, 2022 - 3:51pm

PLDT maintained there’s no fraud in relation to the budget overrun that triggered a management shake-up.

Refund completion triggers Meralco rate hike in December

by Ian Nicolas Cigaral - December 9, 2022 - 12:11pm

The rate hike translates to an increase of around P66 in the total electricity bill of a typical household consuming 200 kWh.

Jobless rate eases in October, but inflation sends Filipinos looking for more work

by Ian Nicolas Cigaral - December 7, 2022 - 10:39am

The proportion of Filipinos either unemployed or out of business continued to drop in October, but the jobs being generated are low quality and do not pay enough amid rising cost of living.

Does the P250-B Maharlika Wealth Fund make sense?

by Ian Nicolas Cigaral - December 3, 2022 - 8:32am

Lawmakers allied with President Marcos are pushing for the creation of a P250-billion sovereign wealth fund. But will it work for the Philippines?

Bank lending grows for 15th straight month despite rate hikes

by Ian Nicolas Cigaral - November 30, 2022 - 4:42pm

Data showed this was the 15th straight month of loan growth despite the BSP’s aggressive rate hikes.

BSP sees inflation running even hotter in November

by Ian Nicolas Cigaral - November 30, 2022 - 11:39am

Higher power rates and costlier farm products due to weather disturbances likely added more fuel to inflation in November, putting more strain on Filipinos’ budgets.

Engineers' group calls for wage increase to address inflation, arrest 'brain drain'

by Ian Nicolas Cigaral - November 29, 2022 - 12:46pm

"The prevalent low salary of entry-level engineers is one of the reasons why our engineers prefer to work abroad rather than stay in the country and contribute their skills to national development," PROPEL spokesperson...

Amid the pandemic, more Filipinos are dipping into their savings to stay healthy

by Ian Nicolas Cigaral - October 14, 2022 - 1:43pm

Over two years into the coronavirus pandemic and its economic onslaught, more Filipinos are forced to dip into their own savings to shoulder rising health costs in the country.

Filipinos unhappy with Marcos' handling of inflation problem — survey

by Ian Nicolas Cigaral - October 6, 2022 - 3:57pm

Majority of Filipinos are unhappy with how President Ferdinand “Bongbong” Marcos Jr. is handling the country’s inflation woes, a problem that could shake his administration’s popularity...

Fact check: Duterte actually inherited 'implementation-ready' infra projects from Aquino

by Ian Nicolas Cigaral - July 27, 2022 - 2:42pm

Did the late President Benigno Aquino III end his term without leaving his successor, Rodrigo Duterte, any implementation-ready infrastructure projects?

Marcos sharpens focus on tax management, economic growth to cut debt

by Ian Nicolas Cigaral - July 25, 2022 - 6:57pm

In his first SONA, President Ferdinand Marcos Jr. expressed his preference for better tax management and “spending efficiency” rather than imposing several new taxes.

Dennis Uy avoids default after payment of Clark project debt

by Ian Nicolas Cigaral - July 25, 2022 - 12:09pm

Udenna Corp., the holding firm of Davao-based businessman Dennis Uy, said Monday, July 25, that it has settled the debt it incurred for its Clark project.

BSP surprises with massive rate hike to choke off rapid inflation

by Ian Nicolas Cigaral - July 14, 2022 - 11:22am

The Bangko Sentral ng Pilipinas hiked its key rate by massive 75 basis points at an emergency meeting on Thursday, in a bid to rein in rapid inflation and arrest the peso’s slump.

Peso breaches 56-level as dollar extends bullish run

by Ian Nicolas Cigaral - July 7, 2022 - 5:14pm

The peso sank to its lowest level in nearly 17 years as recession fears continue to send investors running to safe-haven US dollar.

Marcos' economic message leaves businesses wanting for more

by Ian Nicolas Cigaral - June 30, 2022 - 8:00am

President Ferdinand Marcos Jr. promised to rebuild the economy with his “all-inclusive plan” that, up to this point, lacks salient details.

Slow pace of forming Marcos economic team prolongs investor anxiety

by Ian Nicolas Cigaral - May 16, 2022 - 1:03pm

The longer it takes for Bongbong Marcos to form his economic team, the greater the uncertainty is for investors.

Villar keeps richest Filipino title in new Forbes billionaires list

by Ian Nicolas Cigaral - April 6, 2022 - 11:02am

Villar, 72, was the highest ranking Filipino in Forbes’ 2022 list of world’s billionaires.

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