For the period October to December 2022, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) approved one public sector foreign borrowing of $2 billion, which is lower by 32.95 percent compared to the $2.98 billion borrowings approved in the same period in 2021.
The balance of payments (BOP), essentially what is left after deducting the country’s foreign currency expenses against earnings, stood as a surplus of $612 million in December 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
The Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office (VRO) offered currency exchange services in Tagbilaran City to encourage the public to replace their unfit banknotes...
The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) is calling for stronger cross-border business partnerships across Southeast Asia, citing opportunities to expand trade, attract investment and accelerate technology cooperation amid growing geopolitical and economic uncertainty.
Caltex is highlighting engine protection, oil stability and heat management as key considerations for scooter owners in the Philippines, where heavy traffic, high temperatures and frequent daily use can place added demands on motorcycle engines.
The Bases Conversion and Development Authority (BCDA) is exploring new energy and telecommunications infrastructure to strengthen New Clark City’s appeal to investors, with proposed projects targeting reliable electricity and improved digital connectivity.
The Philippine housing sector could record its highest number of residential units issued licenses to sell (LTS) in five years in 2026, as stronger developer activity and expanded government housing initiatives support prospective supply , growth, according to the Department of Human Settlements and Urban Development (DHSUD).