Top News
Four-month remittances aggregate $12 billion
The personal remittances of overseas Filipinos, an important source of foreign exchange for the Philippines, grew by 2.8 percent in the first four months this year to USD 12.01 billion, the Bangko Sentral ng Pilipinas reported on Monday.
Net exodus of Q1 foreign investments help moderate BOP surplus of only $238 million
The balance of payments (BOP), or what is left of the country's foreign currency earnings minus its foreign currency expenses, stood as a surplus of only USD238 million in the first three months this year, sharply lower than the year-earlier surplus of USD3.5 billion.
MERALCO surprises on downside, announces June rate cut instead
Manila Electric Company (Meralco) customers can expect a significant reduction in the June electricity rates, a turnaround from the increase announced earlier, as the power distributor implements staggered collection of generation costs from the Wholesale Electricity Spot Marker (WESM).
Globe commits to 5G technology despite slow consumer adoption
Globe Telecom is committed to widening its 5G network across the country despite the slow adoption of the technology.
The technology relates to a new...
Revised USDA forecasts still make the Philippines top rice importer
The Philippines was likely to remain the world's top rice importer this year and next, with purchases seen half a million metric tons more each time, based on forecasts released by the United States Department of Agriculture.
