Top News
Record-breaking remittances boost economy in 2024
Personal remittances from overseas Filipinos (OFs) surged to a historic high of USD3.73 billion in December 2024, marking a three percent increase from the previous year. The robust inflows helped push full-year remittances to USD38.34 billion, the highest ever recorded, reflecting a three percent growth over 2023's USD37.21 billion.
‘Lenient’ TRB reinstates cashless toll collection starting March
A lenient Toll Regulatory Board (TRB) on Sunday announced that major toll expressways will reinstate cashless and contactless toll collection starting March 15, 2025, in accordance with regulatory efforts to streamline traffic flow and improve toll operations.
France looks to underwrite proposed dairy project
The National Dairy Authority (NDA), under the Department of Agriculture, has partnered with Phylum SARL, a France-based consultancy specializing in food, animal health, and welfare, to conduct a feasibility study for the Philippine Dairy Project.
2.6M budget passengers took to the air in January
Cebu Pacific (CEB) on Friday reported having carried 2.6 million passengers in January this year, a 33.4 percent surge in traffic from prior year.
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BSP holds key rates steady amid inflation outlook and global uncertainty
The Bangko Sentral ng Pilipinas (BSP) held steady its target reverse repurchase, or borrowing, rate at 5.75 percent at the monetary policy meeting Thursday and kept the interest rates on the overnight deposit and lending facilities unchanged at 5.25 percent and 6.25 percent, respectively. The decision comes as the central bank monitors the risks surrounding inflation and domestic growth amid heightened global policy uncertainty.
