Top News
Global factors slow foreign investment inflows despite strong manufacturing interest
Foreign direct investment (FDI) slowed down during the first four months of the year, as international companies pulled back on lending and retained earnings, overriding a noticeable bump in fresh equity investments. According to the latest data from the Bangko Sentral ng Pilipinas (BSP), this dip reflects a shift in how multinational companies are funding their local operations rather than a total loss of interest in the country's economy.
Decade after ruling, allies reaffirm maritime rules-based order
Senior Philippine defense officials and representatives from 22 foreign missions gathered Friday to mark the 10th anniversary of the landmark arbitral ruling on the West Philippine Sea, underscoring sustained international support for a rules-based maritime order amid continuing regional tensions.
Spot market electricity prices jump more than 22% in June
Electricity prices at the Wholesale Electricity Spot Market (WESM) surged by 22.7 percent in June, driven primarily by a dip in available power supply and frequent grid alerts.
ADB trims Philippine growth outlook as inflation surges
The Asian Development Bank (ADB) has cut its growth forecasts for the Philippines, warning that the economic fallout from the Middle East conflict is dampening investments, squeezing consumer spending, and stoking inflation, even as the country remains one of Southeast Asia's fastest-growing economies.
DBCC cuts medium-term growth goals, keeps long-term targets
The government has lowered its medium-term economic and fiscal targets, adopting a more cautious outlook as global uncertainty, persistent inflation, and climate risks weigh on the Philippine economy, while reaffirming its commitment to long-term growth and fiscal stability.
