The Bangko Sentral ng Pilipinas (BSP) on Friday reported net foreign investments of USD283.69 million exiting the Philippines In January 2025. This was a significant improvement compared to the previous month's outflows of USD487.37 million. The decrease, amounting to USD203.68 million or 41.8 percent, points to a recovery in market sentiment despite ongoing global economic pressures.
The Philippines’ posted a substantial trade deficit of USD5.09 billion in January, widening from the USD4.36 billion trade gap in the same month last year, as export growth failed to keep pace with the rise in imports. This wider trade deficit highlights the country’s persistent struggle to meet its domestic needs through local production and its inability to identify new export drivers to strengthen its economic position.
ABS-CBN Corp. has sold a significant portion of its Quezon City property to Ayala Land Inc., one of the country’s largest property developers, for P6.24 billion.
The Energy Regulatory Commission (ERC) has deferred the approval of capital expenditure projects proposed by the National Grid Corporation of the Philippines (NGCP) totaling P20.32 billion.
Agriculture Secretary Francisco Tiu Laurel Jr. on Monday directed the Bureau of Plant Industry (BPI) to conduct an urgent inspection of onion cold storage facilities across the country.
Keen & Worth Property Developers Inc. is gearing up for the 2027 completion of its flagship project, Ongpin Tower, as it seeks to establish itself as a new player in the country’s high-end residential market.
Fisher Mall is strengthening its position as a one-stop destination by expanding access to government services, retail essentials, wellness offerings, and entertainment facilities under one roof.
Amid mounting food security risks, supply chain bottlenecks, and sustainability pressures across Asia, Aboitiz Foods is accelerating expansion through acquisitions, digital innovation, and strategic partnerships to capture growth opportunities in the region's agriculture sector.
The House of Representatives on Tuesday voted to expel Cavite Rep. Francisco “Kiko” Barzaga for what lawmakers described as disruptive and disorderly behavior, making him only the second legislator in the past three years—and just the second in modern congressional history—to be removed from the chamber’s roster. A total of 265 lawmakers, well above the required two-thirds vote, backed the recommendation of the House ethics committee, which found Barzaga guilty of acts deemed unbecoming of a member of Congress. The first recent expulsion involved former Negros Oriental Rep. Arnulfo Teves Jr., who was removed in 2023 after repeatedly refusing to attend House sessions.