The Bangko Sentral ng Pilipinas (BSP) reported that its coin deposit machines (CoDMs) have collected PHP1.082 billion worth of coins as of Nov. 15, representing over...
The Bangko Sentral ng Pilipinas (BSP) introduced a new interest rate swap market on Monday, November 18. This initiative aims to improve trading and liquidity in...
The Philippine economy reported a growth rate of 5.2% in the third quarter of 2024, showing a slowdown from 6.4% in the second quarter. Experts attribute...
Natural disasters like typhoons, earthquakes, floods, and wildfires significantly affect communities and economies. When calamities strike, they can damage critical infrastructure, disrupt businesses, and strain local...
The Bangko Sentral ng Pilipinas (BSP) saw a significant increase in net income from January to July this year, rising to PHP95.2 billion—a jump of 414%...
Personal remittances from Overseas Filipinos (OFs) grew by 3.3% in August 2024, reaching US$3.20 billion compared to US$3.10 billion in August 2023. This increase was driven...
The Philippine Statistics Authority reported a 96.0% employment rate for August 2024, a notable improvement from 95.6% in August 2023 and 95.3% in July 2024. This...
The Producer Price Index (PPI) for manufactured goods in the country fell by 1.0 percent in August 2024, marking a faster decline compared to a 0.4...
Inflation in the country is expected to continue its downward trend, according to Finance Secretary Ralph G. Recto. In a press briefing at Malacañan Palace on...
Overseas Filipino Workers (OFWs) continue to boost the Philippine economy as personal remittances rose by 3.2% in July 2024 compared to the same period last year....
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