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Foreign direct investment falls 29 percent in June to USD394M—BSP data
Foreign direct investments in June declined 29 percent to USD394 million from USD555 million in the year-earlier period, data from the Bangko Sentral ng Pilipinas showed.
Higher transmission charge pushes Meralco rates higher in September
The Manila Electric Co., the largest power distribution company in the country, said Wednesday electricity rates in September will increase mainly due to a higher transmission charge.
Trade deficit widens in July
The trade imbalance widened further in July to USD4.9 billion from only USD4.1 billion a year ago as the economy bought far more foreign goods than it sold in world markets during the period, the Philippine Statistical Authority reported on Tuesday.
SMC to focus on current airport concessions, won’t pursue new projects
San Miguel Corp. will not actively seek new airport projects in the foreseeable future, according to the conglomerate’s chairman and chief executive officer Ramon Ang.
End-August GIR rises to US$106.9 billion
The country’s gross international reserves (GIR), important in measuring a country's capacity to pay external obligations, rose to USD106.9 billion as of end-August 2024, according to the Bangko Sentral ng Pilipinas (BSP).
