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.
The Department of Human Settlements and Urban Development has ordered the fast-tracking of three long-stalled socialized housing projects in Caloocan City, signaling a tougher stance on project delays and construction quality under the Marcos administration’s housing drive.
The Department of Agriculture (DA) is widening access to affordable rice and basic food staples in Manila, scaling up the KADIWA ng Pangulo and the P20 “Benteng Bigas, Meron Na!” rice program as part of a broader push to strengthen food security in this densely populated Philippine capital.
Executive Secretary Ralph G. Recto urged the 857 new graduates of the Development Academy of the Philippines (DAP) to always side with the Filipino people, saying it is never the wrong choice.