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 Finance (DOF) has formally committed to adopting the Crypto-Asset Reporting Framework (CARF) by 2028, as part of efforts to combat cross-border tax evasion and illicit financial flows. This aligns with President Ferdinand R. Marcos Jr.’s fiscal agenda focused on efficient and transparent tax administration.
Ayala Corp. reaffirmed its stature as a corporate leader, sweeping seven awards—including five golds—at the 2024 FinanceAsia Awards, the most by any Philippine company this year.
MediaTek has introduced the Dimensity 9400+, its most advanced 5G smartphone chip to date, delivering significant upgrades in speed, AI, gaming, and connectivity. According to Dr. Yenchi Lee, general manager of MediaTek’s Wireless Communications Business Unit, the chip is poised to redefine both personal and professional mobile experiences.
Integrated energy leader Semirara Mining and Power Corporation (SMPC) has proudly claimed the Gold medal in FinanceAsia’s 25th Asia’s Best Companies Poll. Topping the Philippines in the Best Managed - Basic Materials category, Semirara Mining's recognition came from votes by regional investors and financial analysts.