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.
Globe Telecom is strengthening digital access in Basilan, Sulu, and Tawi-Tawi through a major network upgrade led by a new 48-core, 175-km submarine cable linking Zamboanga, Isabela City, and Sulu.
Manila Water, in partnership with MSpectrum, has completed the installation of 3.8 megawatts-peak (MWp) of solar capacity across ten of its facilities.
Manila Electric Company (Meralco) and its corporate social responsibility arm, One Meralco Foundation (OMF), have provided safe and reliable electricity to 179 low-income households in Manila just in time for Christmas.
SM Investments Corp., in partnership with the Global Reporting Initiative (GRI), has launched a free online course to help micro, small, and medium enterprises (MSMEs) learn about sustainability reporting. The program was announced during a recent training workshop for publicly listed companies at SMX Aura in Taguig.