Top News
Chiongbians buy out CVC Capital from FAST Logistics
The Chiongbian family is taking back the wheel at FAST Logistics Group, reclaiming full ownership of one of the Philippines’ largest logistics providers and delivering a strong vote of confidence in the country’s long-term supply chain and economic growth story.
Foreign currency reserves stay robust at US$104 billion in May
The country’s gross international reserves (GIR) stood at US$104 billion at the end of May 2026, remaining at a level that ensures the country has enough foreign currency to meet import requirements, pay external debt obligations, and as a safety net against global economic disruptions. This serves as a key indicator of the nation’s ability to fulfill its foreign currency commitments.
BSP raises key policy rate by 25 basis points to curb inflation pressures
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has decided to increase the target reverse repurchase (RRP) rate by 25 basis points, bringing it to 4.75 percent.
Marcos-Putin talks signal broader economic ties
A meeting between Philippine President Ferdinand Marcos Jr. and Russian President Vladimir Putin in Kazan has opened the door to broader economic cooperation, as both countries look to build on five decades of diplomatic relations and explore new areas of partnership.
Germany backs swift completion of EU-PH trade deal
German President Frank-Walter Steinmeier threw his weight behind the swift completion of the European Union-Philippines Free Trade Agreement (FTA), signaling stronger investor interest in the Philippines and deeper economic cooperation as global trade patterns continue to shift.
