Top News
Remittances rise in February, boosting foreign currency inflows — BSP
Personal remittances from Overseas Filipinos (OFs) reached USD3.02 billion in February 2025, marking a 2.6 percent increase from the USD2.95 billion recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported. The continued growth in remittances remains a crucial source of foreign exchange for the economy.
President Marcos extends Meralco franchise through 2050
President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.
NGCP wheeling rates rise 4.81% in March; transmission charges climb 11.51%
The National Grid Corporation of the Philippines (NGCP) announced a 4.81 percent increase in its transmission wheeling rates for the March 2025 billing period, a development expected to impact the power cost structures of distribution utilities and electric cooperatives nationwide.
Uncertainty trumps BSP rate cut at T-Bill auction
Treasury bill (T-bill) yields moved mostly higher at Monday’s auction, as investor sentiment wavered due to renewed global trade tensions.
Easing oil prices helping boost optimism for continued PH growth this year – BSP
The price of oil forecast even lower than USD70 a barrel this year is seen providing some of the avenues of continued growth for the Philippines this year against a global background made even more challenging by reciprocal tariffs instigated by US president Donald Trump.
