In July 2024, the country’s external trade in goods increased by 4.5%, reaching USD 17.37 billion, up from USD 16.62 billion in July 2023. This growth...
The Bangko Sentral ng Pilipinas (BSP) forecasts a slowdown in inflation for August, expecting it to fall between 3.2% and 4%, compared to July’s prediction with...
The country has maintained its investment-grade credit rating of “BAA2” with a stable outlook, according to a press release by Bangko Sentral ng Pilipinas (BSP). The...
The Philippines recorded a balance of payments (BOP) surplus of US$62 million in July 2024, turning around from a deficit of US$53 million in the same...
Net inflows of foreign direct investments (FDI) reached $499 million in May 2024, according to the Bangko Sentral ng Pilipinas (BSP). This marked a slight decline...
The Board of Investments (BOI) approved PHP1.15 trillion in investments from January to July, a 65% increase from the PHP699 billion in the same period last...
Local pump prices decrease this morning. Gasoline drops by PHP0.75 per liter, while diesel falls by PHP0.85 per liter. Kerosene prices are reduced by PHP0.80 per...
In 2023, the poverty rate among Filipino families dropped to 10.9%, with approximately 3.0 million families living below the poverty line. The FIES, conducted in July...
Personal remittances from Overseas Filipinos (OFs) increased by 3.7% to $2.88 billion in May 2024, up from $2.78 billion in May 2023. This growth was driven...
The National Economic and Development Authority (NEDA) stresses the urgent need for the Philippines to boost investments and improve exports to build a strong and resilient...
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