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 Philippines has opened a new channel for regional cooperation on infrastructure financing, private investment and job creation after convening the first dialogue between Association of Southeast Asian Nations (ASEAN) finance ministers and World Bank Group (WBG) President Ajay Banga.
The Bureau of Internal Revenue (BIR) has cautioned electronic invoicing service providers against charging excessive fees as businesses prepare for the government’s mandatory electronic invoicing system, with compliance due by December 31, 2026.
Artico Cold Chain, the cold storage brand of AyalaLand Logistics Holdings Corp. (ALLHC), secured two International Organization for Standardization (ISO) certifications in September 2026, strengthening its commitment to service quality, operational efficiency and environmental responsibility across its Philippine network.