The country’s gross international reserves (GIR), an indicator of capacity to pay for trade and debt obligations, rose to $99.7 billion as of end-January 2023 from the end-December 2022 level of $96.1 billion.
Subic EnerZone Corp., the AboitizPower-led electricity distributor at the Subic Bay Freeport Zone, is preparing network upgrades to accommodate rising power demand as the economic hub expands, following a 25-year extension of its partnership with the Subic Bay Metropolitan Authority (SBMA).
The Department of Agriculture encourages overseas Filipino workers (OFW) to look into agribusiness as a practical alternative source of income and sustainable livelihood for when they come back home to the Philippines.
President Ferdinand Marcos Jr. has vowed to use the government’s available foreign exchange reserves and policy tools to defend the peso against further depreciation, while acknowledging that surging oil prices and supply-side constraints continue to fuel inflation.
The Palawan Group of Companies (PGC) and Radiowealth Finance Company (RFC) are expanding their partnership to simplify loan disbursements and repayments, combining branch-based services with digital payments to reach more Filipino borrowers.