The country's outstanding external debt rose slightly to US$148.87 billion as of end-June 2025, a 1.5 percent increase from the previous quarter, largely due to the weaker US dollar, according to the Bangko Sentral ng Pilipinas (BSP).
Under the bright lights of the Mall of Asia Arena and in front of an energized home crowd led by President Ferdinand Marcos Jr., Alas Pilipinas made its long-awaited FIVB World Championship debut. But it was a baptism by fire.
The Philippines posted a balance of payments (BOP) shortfall of US$5.6 billion in the first half of 2025, marking a sharp reversal from the US$1.4-billion surplus in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP).
The Department of Transportation (DOTr) has a two-year contract extension with Japanese firm Sumitomo Corp. for the continued rehabilitation and maintenance of the Metro Rail Transit Line 3 (MRT-3), ensuring the system remains efficient and reliable for commuters.
The Philippines is now in the final review phase for potential inclusion in J.P. Morgan’s Government Bond Index for Emerging Markets (GBI-EM), a move seen by the Bangko Sentral ng Pilipinas (BSP) as a major step toward attracting more foreign investment and deepening local capital markets.
Travellers International Hotel Group Inc., the gaming and leisure company controlled by tycoon Andrew Tan, announced it will begin construction of two major gaming facilities in Mactan, Cebu and Boracay Island, Aklan by next year, with a combined investment of $700 million.
A new global study by research and advisory firm IDC, sponsored by Rocket Software, shows that IT modernization has become a top priority for nearly two-thirds of enterprise executives.
Acting Transportation Secretary Giovanni Lopez has issued a directive requiring all Department of Transportation (DOTr) officials to commute to the office at least once a week. This policy aims to deepen officials’ understanding of the daily challenges faced by commuters and to inform more effective public transport policies.