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...
Power distribution companies are playing a central role in the country’s transition to electric mobility, providing the critical energy grid and charging infrastructure required to make electric vehicles a practical reality for everyday drivers and businesses.
Digital banking has become a seamless part of daily life for millions of Filipinos, from quick money transfers before work to settling bills from a smartphone at night.
P&G Philippines and the Philippine Red Cross (PRC) are preparing 90,000 health and hygiene relief kits for disaster-prone communities, extending a partnership aimed at keeping essential supplies accessible when emergencies disrupt daily life.
President Ferdinand Marcos Jr. has reshuffled the leadership of the Department of Transportation (DOTr) and Department of Public Works and Highways (DPWH), seeking faster infrastructure delivery, better public services and stronger safeguards against corruption.