Top News
ADB OKs US$400M loan for Philippine food program
The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines combat hunger, food insecurity, and undernutrition—particularly among the country’s poorest households—as climate and disaster risks continue to escalate.
FDI inflows up 21.3% in May, driven by debt investments
Foreign direct investment (FDI) inflows into the Philippines rose by 21.3 percent year-on-year in May, reaching US$586 million from US$483 million in May last year, according to the Bangko Sentral ng Pilipinas (BSP). The increase was mainly attributed to a surge in nonresidents’ net investments in debt instruments, which jumped by 88.3 percent to US$427 million.
Meralco hikes power rate by P0.63/kWh this August
The Manila Electric Company (Meralco) has implemented a rate increase of P0.6268 per kilowatt-hour (kWh) this August, bringing the overall residential rate to P13.2703 per kWh from P12.6435 per kWh in July. This translates to an additional P125 in the monthly electricity bill for a typical household consuming 200 kWh.
Liquidity, consumption outlook improve despite YTD decline
Net foreign direct investment (FDI) inflows to the Philippines grew by 21.3 percent year-on-year in May, reaching US$586 million from US$483 million in the same month last year, according to data from the Bangko Sentral ng Pilipinas (BSP).
PSA launches nationwide agriculture, fisheries data update
The Philippine Statistics Authority (PSA) is set to conduct the 2025 Updating of List of Agricultural Farm Operators and the Inland Fishing Households and Listing of Marine Fish Landing Centers (ULAFO-LMFLC), a major nationwide data gathering initiative aimed at improving agricultural and fisheries statistics in the country that will cost P867.9 million.
