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.
TikTok Shop and GoTyme Bank on Thursday launched TikTok Shop Loans, a fast and flexible financing service tailored specifically for micro, small, and medium enterprises (MSMEs) in the Philippines.
The Department of Energy (DOE), in partnership with USAID-Energy Secure Philippines and the Hawaii Natural Energy Institute, officially handed over three mobile energy systems (MES) to the Armed Forces of the Philippines (AFP) to enhance energy access during critical operations and emergencies.
The other financial corporations (OFCs), a key segment of the Philippine financial system outside traditional banks, insurers, and pension funds, expanded their domestic assets to ₱10.6 trillion in the first three months this year, reflecting a 4.9 percent increase quarter-on-quarter and a robust 14.6 percent growth year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Damage to agriculture from the combined effects of Typhoons Crising, Dante, and Emong, along with the southwest monsoon (habagat), has reached ₱3 billion, according to a 31 July advisory from the Department of Agriculture (DA).