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 Securities and Exchange Commission (SEC) will lift its three-year moratorium on new online lending platforms starting April 1, signaling a major policy shift aimed at expanding competition while tightening oversight of the fast-growing digital lending sector.
The Department of Migrant Workers (DMW) has partnered with the Global Anti-Scam Alliance (GASA) to protect overseas Filipino workers (OFWs) and their families from the growing threat of online scams.
The Department of Agriculture (DA) has stopped the distribution and use of 11,353 bags of fertilizer in Oriental and Occidental Mindoro after regulators found violations of product registration rules.
Leading renewable energy provider First Gen Corporation has signed a deal to supply geothermal power to two major properties in Filinvest City, Alabang.