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 Philippine Economic Zone Authority (PEZA) has cleared a major milestone, approving investments worth P207.577 billion from January to November, surpassing last year’s P201.55 billion tally. The approvals cover 281 new and expansion projects, marking a 2.99-percent increase in investment value and an 18-percent jump in project count from 239 in 2024.
First Balfour Inc., the Lopez Group’s construction and engineering arm, celebrated its 56th anniversary with the 6th First Balfour Football Cup, drawing a record 18 teams—nearly triple the number from its inaugural 2019 tournament.
The National Food Authority (NFA) finally succeeded in auctioning off nearly 16,000 metric tons of aging rice on December 5, clearing much-needed space in its warehouses after months of unsuccessful attempts.
Mary Mediatrix Medical Center (Mediatrix) in Batangas has partnered with Singapore’s Mount Elizabeth Hospital to expand access to advanced treatments and boost medical training in southern Luzon.