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.
Gender diversity in senior management is becoming a decisive factor in where professionals choose to work, as job seekers increasingly scrutinize companies for the presence of women in leadership roles.
When Ryna Brito-Garcia launched Sunlight Air in 2020, the global aviation industry was in survival mode. Airlines were grounding fleets, slashing routes, and bracing for turbulence as the pandemic emptied airports worldwide.
On a chilly Friday night in the California desert, with the clock creeping toward midnight, Alex Eala delivered a debut worthy of the glare and grandeur of the BNP Paribas Open.