Top News
Trade deficit narrows sharply in February, but U.S. tariff threat looms
The country's trade deficit narrowed significantly in February 2025 to USD 3.2 billion, down from USD5.1 billion in January and USD3.6 billion in the same month last year, according to data released by the Philippine Statistics Authority.
Fitch reaffirms PH credit rating, citing inflation gains and stable outlook
International credit watchdog Fitch Ratings has reaffirmed the Philippines’ long-term foreign currency issuer default rating at “BBB” with a stable outlook, citing the government’s effective monetary policy and macroeconomic resilience, especially in curbing inflation.
Meralco Q1 income up 9% to P10.45B
Manila Electric Co. (Meralco), the country's largest power distribution company, posted a 9 percent increase in net income for the first quarter, reaching P10.45 billion, driven by a rise in electricity sales between January and March.
Telco stakeholders warn of national security risks in proposed bill
The Philippine Association of Private Telecommunications Companies (PAPTELCO) has echoed the Philippine Chamber of Telecommunications Operators (PCTO) in raising red flags over the national security and regulatory risks posed by Senate Bill No. 2699, also known as the Konektadong Pinoy bill.
Gov’t 1Q foreign borrowings surge 119%, signaling expansionary economic policy
The Bangko Sentral ng Pilipinas (BSP) approved USD6.29 billion in proposed public sector foreign borrowings in the first quarter of 2025, marking a sharp 118.91 percent increase from USD2.87 billion during the same period last year.
