Foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through Authorized Agent Banks (AABs) recorded net outflows of US$352 million in April 2023. This comes...
Global credit rating agency Fitch Ratings has upgraded the credit outlook for the Philippines and affirmed its credit rating at “BBB.” Moreover, the agency revised the...
The recovery of the tourism sector and the increase in infrastructure investments are one of the key factors that will help boost the economy in the...
Sweden’s Foreign Trade Minister Johan Forssell emphasized the importance of restarting bilateral free trade agreement (FTA) negotiations between the Philippines and the European Union (EU) to...
Implementing the P150 wage hike across all businesses may incur a domino effect on the economy, Finance Secretary Benjamin Diokno said in a press briefing last...
The Philippines has more foreign debt than it paid existing borrowings this April, as the country’s balance of payments (BoP) posted a USD148 million deficit in...
The United Nations Environment Programme (UNEP) has unveiled a comprehensive report outlining a “roadmap” to significantly reduce plastic pollution and transition to a circular economy. The...
The Philippine government is contemplating taking back control of the National Grid Corporation of the Philippines (NGCP) amid concerns about security threats posed by Chinese ownership....
Personal remittances from Overseas Filipinos (OFs) experienced a notable 3.0 percent growth in March 2023, reaching USD2.97 billion compared to USD2.89 billion in the same month...
President Ferdinand Marcos Jr. made a significant move towards securing the country’s energy future by signing the renewal agreement for Malampaya Service Contract No. 38 (SC...
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