Top News
Electricity bills up P98 for typical households in July
The Manila Electric Co (Meralco) on Friday announced a P0.4883 per kilowatt-hour (kWh) increase in electricity rates for July, raising the overall rate to P12.6435/kWh from last month’s P12.1552/kWh. This follows two consecutive months of rate reductions totaling P0.8575/kWh, signaling a reversal that could significantly impact both households and businesses.
Debt-driven FDI pushes April inflows up 7.1%
Net foreign direct investment (FDI) into the Philippines reached US$610 million in April, up 7.1 percent year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Trump resets deadline on new tariffs to August 1
US President Donald Trump sent markets into a swirl on Tuesday by announcing a fresh deadline for imposing higher tariffs on imports.
Philippine jobless rate slides to 3.9% in May
The Philippines' unemployment rate eased in May, as the economy generated more jobs, reducing the number of Filipinos without work compared to both April this year and May of the previous year.
Bank lending accelerates amid ample liquidity
Bank lending in the Philippines accelerated in May, underpinned by continued domestic liquidity expansion, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
