Sunday, 08 February 2026, 1:48 pm

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    2024 government borrowings push external debt 10 percent higher to USD12.2D

    The country's total external debt (EDT) decreased to USD137.63 billion as of December 2024, a 1.4 percent drop from the previous quarter's USD139.64 billion, according to the Bangko Sentral ng Pilipinas (BSP).

    TRB betrays bias vs barrier-free expressways

    The Toll Regulatory Board (TRB) has betrayed a bias against fast, barrier-free transits at expressways with the decision announced Sunday to achieve that goal as quickly as within the year as it earlier committed but in two or three years instead.

    Non-financial assets dominate household wealth in latest BSP survey

    The bulk of so-called non-financial assets households across the Philippines own consist mainly of home appliances, according to the Consumer Finance Survey (CFS) the Bangko Sentral ng Pilipinas (BSP) conducted in 2021.

    4.7M took to the air with Cebu Pacific in only 2 months

    Cebu Pacific has posted a strong 26.3 percent increase in passenger number for February this year, a result that exceeded expectations for a typically lean month. The airline carried 2.2 million passengers during the period, up from 1.72 million in the same month last year, driven by a significant boost in seat capacity.

    2024 BOP surplus reflects robust financial inflows despite 4Q deficit

    The country's balance of payments (BOP) posted a surplus of USD609 million in 2024, a decline from the USD3.7 billion surplus in 2023, according to the Bangko Sentral ng Pilipinas (BSP). This, the BSP said, was driven by a widened current account deficit, which grew by 41.4 percent to USD17.5 billion for the year. The deficit stemmed from a larger trade deficit and reduced receipts in services, partially offset by increased income transfers.

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