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.
Converge is turning up the speed dial for Filipino homes and businesses with the launch of its most powerful fiber internet lineup yet. Unveiled during X4U: Amped Up Life with the Power of X at the Trinoma Activity Center, the three-day tech showcase featured interactive booths, live performances, and exclusive prizes—all highlighting the company’s push for faster, more reliable connectivity across the country.
The Government Service Insurance System (GSIS) has launched a fully automated, paperless system for filing retirement and life insurance claims, marking a major step in its digital transformation drive to deliver faster and more convenient public service.
Manila Water delivered another robust period of double-digit growth, with net income rising 25 percent to nearly ₱12.6 billion on the back of strong performance from its East Zone and NEZ PH operations.