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.
A group of customs brokers has called on the government to address rising congestion at Manila’s main ports, warning that limited space for empty containers is causing truck backlogs and slowing trade.
The National Grid Corporation of the Philippines (NGCP) will complete seven major transmission projects worth at least P18.5 billion in 2026 to strengthen grid reliability and support rising electricity demand.
A coalition of 31 business and civic groups is turning up the heat on Congress, demanding passage of a “genuine” Anti-Political Dynasty Law and warning that watered-down reforms will only cement family monopolies in power.
Estate Water, a unit of Manila Water Philippine Ventures (MWPV), is celebrating its 10th year of operations with record growth and expanded services across the country.