Tag: Bangko Sentral ng Pilipinas

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BOP surplus in December pared the full-year 2022 shortfall to only $7.3B

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.

BSP offering Tagbilaran City with digital currency and sweep it clean of torn, tattered peso bills

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...

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VITRO, BBIX PH forge powerful new connection

VITRO, BBIX PH forge powerful new connection Corporate bulletin VITRO Inc., the country’s leading data center provider, has teamed up with BBIX Philippines to create a direct link between BBIX and the VITRO Internet Exchange (VIX), strengthening the local digital ecosystem. This partnership allows faster, more efficient data traffic exchange. Businesses and users connected to either network will enjoy better routing, shorter delays, and easier access to local and global content and services. A 100G connection is already active at VITRO Makati 2, with plans to expand capacity as needed. VIX brings strong local reach, serving over 98 million internet users and hosting major companies and carriers. BBIX adds global expertise and access to worldwide cloud platforms, content providers, and tech services. Together, they combine local strength and global reach to improve internet performance nationwide. Officials from both firms noted the collaboration will deliver smoother online experiences, support the growing digital economy, and help bridge connectivity gaps across the Philippines. Both remain committed to upgrading infrastructure to meet rising demand for data and cloud services.

Heritage tours bring OFWs home through memories

For overseas Filipino workers, coming home is often measured not just in miles traveled, but in moments regained with family. The government hopes tourism can help make those reunions more meaningful.

Slower public sector spending drags cement industry outlook

The Philippine cement industry is expected to post flat to slightly lower growth this year as slower government infrastructure spending continues to weigh on demand, according to the Cement Manufacturers Association of the Philippines (CeMAP).

Truck driver shortage hobbles Philippine logistics expansion

The Philippine trucking industry is facing a critical driver shortage that is limiting fleet expansion and straining logistics operations despite strong demand from manufacturers and businesses, according to industry leaders.

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