Top News
IMF sees persistent trade gap, slower output growth
The Philippines is expected to continue running a significant current account deficit this year, indicating persistent reliance on foreign capital to fund domestic spending, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
Recto vows accountability, reforms after infra projects scandal
Finance Secretary Ralph G. Recto assured the public that the government's response to the recent flood control controversy marks the beginning of a major cleanup aimed at strengthening institutions, improving governance, and accelerating economic growth.
DOE eyes 6 more petroleum deals
The Department of Energy (DOE) is reviewing at least six more potential petroleum service contracts (PSCs), signaling continued momentum in the country’s energy exploration efforts.
US markets fall as Trump spurs trade spat with China
US stock markets retreated Friday after President Donald Trump reignited trade tensions with China, threatening via social media to impose a 100 percent tariff on Chinese products starting in November.
FDI slips to $1.3B in July, down 20% YTD
Net foreign direct investment (FDI) inflows into the Philippines reached US$1.3 billion in July 2025, down 7.5 percent from US$1.4 billion in the same month last year, according to data from the Bangko Sentral ng Pilipinas (BSP).
