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FDIs flowed inward over 10 months in 2023 but sharply lower to only USD6.5 billion
Foreign direct investments (FDI), useful both as a measure of and as vehicle for economic advancement, flowed inward on net basis in the first 10 months last year but stood 17.5 percent lower to only USD6.5 billion, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Trade deficit widens in November on export drop
The Philippines’ trade deficit continued to widen in November as export sales drop sharply, negating the impact of flat imports, data from the statistics office showed Wednesday.
Government plans privatizing LRT 2, MRT 3 operations and maintenance in 2025
The Department of Transportation (DOTr) on Tuesday bared plans to privatize the operations and maintenance of Metro Rail Transit Line 3 and Light Rail Transit Line 2 as soon as the lease contract on one of them expires next year. Their proponents, the DOTr said, will be entertained through a bidding process.
Cebu Air accepts resignation of Frederick Go as director, names cousin David Go as replacement
Listed airline Cebu Air Inc. announced Monday the resignation of Frederick Go as director of the board of the country's largest budget carrier flying under the brand name Cebu Pacific.
Food price pressure seen still elevated in Metrobank inflation forecast
Food-driven price pressures figure high in some of this year's inflation forecasts, such as that seen by the Metropolitan Bank and Trust Co. (Metrobank) which has retained its original 4.3 percent inflation print in 2024.
