Top News
Remittances climb in May, fueling household spending and domestic growth
Money sent home by overseas Filipinos continued its upward trajectory in May, providing a steady lifeline to millions of households and giving a welcome boost to the broader economy.
Government eyes P4.5T from strategic investment plan
The government is setting a more ambitious investment agenda with the upcoming Strategic Investment Priority Plan (SIPP), targeting P4.5 trillion in investment approvals over the next three years as it seeks to accelerate industrialization and help the Board of Investments (BOI) achieve its P1-trillion approval goal for 2026.
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.
