Second-quarter BOP reverses to a surplus
The country’s balance of payments (BOP) position posted a surplus of USD1.2 billion in the second quarter this year, a turnaround from a deficit of USD1.2 billion in Q2 2023. The reversal, the Bangko Sentral ng Pilipinas said, was due to significantly higher net inflows posted in the financial account, notwithstanding the increase in the current account deficit.
Agri-Puhunan Program targets 1.2 million hectares with low-cost credit
President Ferdinand Marcos Jr. on Thursday launched a program helping agricultural cooperatives across 1.2 million hectares planted to rice across the country. The Department of Agriculture program targets increasing farmer-member productivity and income by providing low-cost credit, financial assistance, and a ready market for their harvests.
Globe 5G service areas widen across the country
Globe Telecom Inc. on Friday said it installed 256 new 5G sites in the first half of 2024, significantly expanding its 5G network coverage across the country.
Jollibee expands Milksha® brand into US market; offers franchising deal
Jollibee Foods Corp., a leading Asian food service conglomerate, said it will aggressively expand its Milksha® brand into the US market, with an offer to prospective investors to franchise the brand.
Aternergy presses forward with target to hit 500 MW capacity by 2026
Alternergy Holdings Corp., a leading player in the renewable energy sector, is making significant strides toward its goal of reaching a 500-megawatt capacity by 2026.
