Banking & Insurance
BOP swings to deficit on financial outflows
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).
Japan warm to PH investment drive
Japanese investors gave a strong vote of confidence in the Marcos Jr. administration’s economic agenda during the Philippine Economic Briefing (PEB) held in Osaka, which drew over 280 investors and guests.
SSS taps BDO to manage balanced fund mandate
BBDO Unibank, Inc. has been appointed as the trustee for the Social Security System’s (SSS) Balanced Fund mandate, marking a significant step in the agency’s efforts to safeguard and grow pension funds for Filipino workers and retirees.
FDI remains a vital capital source despite slower inflows
Foreign direct investments (FDI) continue to provide critical supplementary capital that the Philippines cannot generate domestically, despite a slowdown in inflows, according to the Bangko Sentral ng Pilipinas (BSP).
LGU treasurers urged to lead fiscal reforms
Finance Secretary Ralph G. Recto has directed newly appointed local government treasurers to serve as the country’s “first line of defense” in upholding fiscal governance at the local level.
