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.
GoTyme Bank has rolled out Go Crypto, a new in-app service that lets Filipinos buy, sell, and manage cryptocurrency directly through the GoTyme Bank app. The nationwide launch aims to make crypto investing simpler, more accessible, and backed by the security of a BSP-licensed financial institution.
Artificial intelligence is taking center stage in the financial industry, with leaders at Hong Kong FinTech Week x StartmeupHK Festival emphasizing its growing role in expanding access to financial services.
The Jollibee Group has earned the Silver Award at the first Asia ESG Positive Impact Awards, held on November 6 in Kuala Lumpur, for its strong commitment to sustainability and responsible business practices. The award recognizes the impact of the Farmer Entrepreneurship Program (FEP), led by the Jollibee Group Foundation, which helps smallholder farmers in the Philippines become direct suppliers to the company.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has approved the three-year accreditation of 13 Chilean companies to export beef, pork, and chicken to the Philippines, a move seen to further diversify the country’s food sources amid persistent supply bottlenecks and livestock diseases.