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Capital repositioning allow for continued FDI outflows in January

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.

Philippines’ trade deficit widens to USD5.09B in January

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 Sells Quezon City Property to Ayala Land for P6.24B

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.

ERC hits deferment button on P20.32B transmission projects 

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.

DA cracks down on onion hoarding amid rising prices

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.

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Meralco backs transparent bidding for partnerships with electric cooperatives

The Manila Electric Co. (Meralco) said it supports using a competitive selection process, or public bidding, when choosing private sector partners for electric cooperatives (ECs).

DA eyes P50/kg price cap on imported rice by end-April

The Department of Agriculture (DA) said a price cap on imported rice may be in place by the end of April.

Power prices in spot market rise 23% in March — IEMOP

Electricity prices in the country’s spot market increased sharply in March, driven by tighter supply and higher demand, according to the Independent Electricity Market Operator of the Philippines (IEMOP).

DTI pivots to EV incentives amid fuel risks

The Department of Trade and Industry (DTI) has dropped...

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